Sba Communications ( (SBAC) ) has released its Q1 earnings. Here is a breakdown of the information Sba Communications presented to its investors.
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems, and small cells, with a significant presence in the Americas and Africa. The company is listed on NASDAQ and is part of the S&P 500 index.
In its first quarter of 2025, SBA Communications reported a net income of $189 million, or $1.77 per share, and an industry-leading AFFO per share of $3.18. The company also announced a new $1.5 billion share repurchase authorization and declared a quarterly cash dividend of $1.11 per share.
Key financial highlights for the quarter include a slight decline in site leasing revenue to $616.2 million, while site development revenue surged by 62.4% to $48 million. The company ended the quarter with a strong balance sheet, boasting over $600 million in cash and a net debt to Adjusted EBITDA leverage ratio of 6.4x. SBA Communications also completed the acquisition of 344 communication sites, including 321 from its Millicom acquisition.
Looking ahead, SBA Communications has updated its full-year 2025 outlook, anticipating increased site leasing and development revenues. The company remains confident in its financial and operational performance, driven by strong U.S. carrier activity and international leasing growth, despite macroeconomic uncertainties.
Overall, SBA Communications continues to demonstrate resilience and strategic growth, positioning itself as a reliable and high-performing company in the wireless communications infrastructure sector.