Financial PerformanceAdjusted EBITDA was slightly lower than expected, which could be a concern for some investors.
Guidance And ForecastSBAC lowered its 2024 guidance ranges to account for unfavorable FX rates as well as lower site development revenue.
Market ConditionsThere are no signs of a material deployment acceleration from major carriers like Verizon, AT&T, and T-Mobile US, which could impact SBAC.