SBA Communications (SBAC) Reports Q1 Revenues Beat

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Go back to SBA Communications (SBAC) Reports Q1 Revenues Beat

SBA Communications Corporation Reports First Quarter 2021 Results; Updates Full Year 2021 Outlook; and Declares Quarterly Cash Dividend

April 26, 2021 4:01 PM EDT

BOCA RATON, Fla.--(BUSINESS WIRE)-- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended March 31, 2021.

Highlights of the first quarter include:

Net loss of $11.7 million or $(0.11) per share including a $57.0 million loss, net of taxes, on currency-related remeasurement of intercompany loans AFFO per share growth of 16.2% over the year earlier period on a constant currency basis Signed a new global leasing agreement with Verizon subsequent to quarter end Repurchased 0.7... More