Sba Communications ( (SBAC) ) has released its Q2 earnings. Here is a breakdown of the information Sba Communications presented to its investors.
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SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including towers and distributed antenna systems, primarily serving the telecommunications industry across the Americas and Africa.
In its second quarter of 2025, SBA Communications reported a net income of $225.7 million, or $2.09 per share, and an industry-leading AFFO per share of $3.17. The company also closed on 4,323 sites from a previously announced deal with Millicom and repurchased 799 thousand shares during the quarter.
Key financial highlights include a slight increase in site leasing revenue to $631.8 million and a significant rise in site development revenue by 97.5% compared to the previous year. The company also declared a quarterly cash dividend of $1.11 per share and announced plans to sell its Canadian tower assets, aligning with its strategy to optimize or exit subscale markets.
Looking ahead, SBA Communications has updated its full-year 2025 outlook, reflecting strong leasing results, early Millicom site integration, and favorable foreign currency movements. The company remains focused on growing its key markets and supporting carrier customers’ network investments, with a strong balance sheet and ongoing strategic initiatives.