SBA Communications (SBAC) Reports Q3 FFO of $2.71

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Go back to SBA Communications (SBAC) Reports Q3 FFO of $2.71

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

November 1, 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 September 30, 2021.

Highlights of the third quarter include:

Net income of $47.8 million or $0.43 per share AFFO per share increased 13.9% over the prior year period Total revenue of $589.3 million, a 12.7% growth over the prior year period Issued $1.79 billion of Tower Securities at a blended interest rate of 2.217% subsequent to quarter end Repurchased 1.0 million shares... More