SBA Communications Corporation Reports Fourth Quarter 2020 Results; Provides Full Year 2021 Outlook; and Declares Quarterly Cash Dividend

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Go back to SBA Communications Corporation Reports Fourth Quarter 2020 Results; Provides Full Year 2021 Outlook; and Declares Quarterly Cash Dividend

SBA Communications (SBAC) Tops Q4 EPS by 42c, Revenues Beat

February 22, 2021 4:03 PM EST

SBA Communications (NASDAQ: SBAC) reported Q4 EPS of $0.94, $0.42 better than the analyst estimate of $0.52. Revenue for the quarter came in at $536 million versus the consensus estimate of $528.96 million.

Highlights of the fourth quarter include:

Net income of $105.8 million or $0.94 per share and site leasing revenue of $493.0 millionAFFO per share growth of 18.8% over the year earlier period on a constant currency basisRepurchased 2.2 million shares cumulatively in the fourth quarter and subsequent to quarter endSigned a new master lease agreement with Dish subsequent to quarter... More