SBA Communications Corporation Reports Second Quarter 2020 Results; Updates Full Year 2020 Outlook; and Declares Quarterly Cash Dividend

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Go back to SBA Communications Corporation Reports Second Quarter 2020 Results; Updates Full Year 2020 Outlook; and Declares Quarterly Cash Dividend

SBA Communications (SBAC) Misses Q2 EPS by 10c, Revenues Beat; Provides FY20 Revenue Outlook

August 3, 2020 4:03 PM EDT

SBA Communications (NASDAQ: SBAC) reported Q2 EPS of $0.20, $0.10 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $507.23 million versus the consensus estimate of $501.81 million.

Highlights of the second quarter include:

Net income of $22.8 million or $0.20 per share and site leasing revenue of $482.4 millionAFFO per share growth of 14.8% over the year earlier period on a constant currency basisTower Cash Flow and Adjusted EBITDA margins of 81.8% and 72.8%, respectivelySubsequent to quarter end, issued $1.35 billion of Tower Securities at a blended rate of 2.081%

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