Edition:
United States

SBA Communications Corp (SBAC.OQ)

SBAC.OQ on NASDAQ Stock Exchange Global Select Market

135.87USD
10:37am EDT
Change (% chg)

$0.32 (+0.24%)
Prev Close
$135.55
Open
$135.50
Day's High
$135.88
Day's Low
$135.10
Volume
29,479
Avg. Vol
415,145
52-wk High
$137.02
52-wk Low
$95.68

Latest Key Developments (Source: Significant Developments)

SBA Communications Corp Q1 adjusted FFO per share $1.69
Monday, 1 May 2017 04:01pm EDT 

May 1 (Reuters) - SBA Communications Corp ::SBA Communications Corporation reports 1st quarter 2017 results; updates full year 2017 outlook.Q1 adjusted FFO per share $1.69.Q1 revenue $423.4 million versus I/B/E/S view $418.5 million.SBA Communications Corp says "on track to achieve our long term goal of $10 or more of AFFO per share in 2020".Sees 2017 total revenues $ 1,685.0 million to $ 1,725.0 million.Sees 2017 AFFO per share $ 6.65 - $ 6.99.Sees 2017 discretionary cash capital expenditures $ 310.0 million to $ 330.0 million.Q1 FFO per share view $1.63 -- Thomson Reuters I/B/E/S.Q1 revenue view $418.5 million -- Thomson Reuters I/B/E/S.Fy2017 revenue view $1.70 billion -- Thomson Reuters I/B/E/S.Fy2017 FFO per share view $6.74 -- Thomson Reuters I/B/E/S.  Full Article

SBA Communications says Sindirect subsidiary entered into purchase agreement - SEC filing
Friday, 7 Apr 2017 05:44pm EDT 

Sba Communications Corp : SBA Communications Corp - on April 4, indirect subsidiary entered into a purchase agreement - SEC filing . SBA Communications - SBA Tower Trust agreed to sell $760 million principal amount of secured tower revenue securities, Series 2017-1C to initial purchasers . SBA Communications Corp - expects closing of 2017-1C tower securities to occur on or about April 17, 2017 . SBA Communications - upon issuance, securities to have anticipated repayment date of April 11, 2022; maturity date of April 9, 2047; interest rate of 3.168 pct/annum .SBA Communications - to use proceeds to repay $611.6 million aggregate principal amount of secured tower revenue securities securities, series 2012-1C, among others.  Full Article

SBA Communications Corp Q4 adjusted FFO per share $1.63
Monday, 27 Feb 2017 04:01pm EST 

SBA Communications Corp : "We remain firmly on track to achieve our goal of $10 or more of AFFO per share in 2020" . SBA Communications Corporation reports 4th quarter 2016 results; provides full year 2017 outlook . Q4 adjusted FFO per share $1.63 . Q4 revenue $416.5 million versus I/B/E/S view $416.9 million . Sees FY 2017 total revenues $1,673.0 million to $1,713.0 million . Sees FY 2017 AFFO per share $6.61 to $6.95 . Sees FY 2017 non-discretionary cash capital expenditures $31.0 million to $41.0 million . FY2017 revenue view $1.72 billion -- Thomson Reuters I/B/E/S .FY2017 FFO per share view $6.61 -- Thomson Reuters I/B/E/S.  Full Article

SBA Communications prices $1.1 billion of 4.875% senior notes
Tuesday, 2 Aug 2016 08:30am EDT 

SBA Communications Corp : Announces pricing of $1.1 billion of 4.875% senior notes .Notes will have interest coupon of 4.875%,will be issued at a price of 99.178% of their face value for an effective yield of 5.0%.  Full Article

SBA Communications announces offering of $800 mln of senior notes
Monday, 1 Aug 2016 08:27am EDT 

SBA Communications Corp : Announces offering of $800 million of senior notes .Intends to use net proceeds from offering to redeem all of SBA telecommunications, Llc's 5.75 percent senior notes due 2020.  Full Article

SBA Communications says Q2 adjusted FFO per share $1.48 excluding items
Thursday, 28 Jul 2016 04:01pm EDT 

SBA Communications Corp : Sees q3 total revenues $ 406.5 million to $ 416.5 million . Sees fy 2016 total revenues $ 1,628.5 million to $ 1,648.5 million . Sees q3 adjusted ebitda $ 278.0 million to $ 283.0 million ; sees fy 2016 adjusted ebitda $ 1,117.0 million to $ 1,127.0 million . Fy2016 earnings per share view $0.87, revenue view $1.63 billion -- Thomson Reuters I/B/E/S . Sba communications corporation reports 2nd quarter 2016 results; provides 3rd quarter and updated full year 2016 outlook . Q2 adjusted FFO per share $1.48 excluding items . Q2 revenue $405.5 million versus i/b/e/s view $403.4 million .Q3 earnings per share view $0.15, revenue view $412.8 million -- Thomson Reuters I/B/E/S.  Full Article

SBA Communications prices $700 mln of secured tower revenue securities
Tuesday, 21 Jun 2016 04:57pm EDT 

Sba Communications Corp : SBA Communications corporation announces pricing of $700 million of secured tower revenue securities . Indirect subsidiary of SBA has priced an offering of $700 million of secured tower revenue securities series 2016-1 .Series 2016-1 securities will bear interest at 2.877% per annum.  Full Article

SBA Communications announces pricing of $500 million of secured tower revenue securities
Tuesday, 6 Oct 2015 04:01pm EDT 

SBA Communications:Says that an indirect subsidiary of SBA has priced an offering of $500 million of Secured Tower Revenue Securities Series 2015-1, which have an anticipated repayment date of October 2020 and a final maturity date of October 2045.Says the Series 2015-1 Securities will be issued by SBA Tower Trust and will be guaranteed by, among others, SBA Guarantor LLC and SBA Holdings LLC.Net proceeds from this offering will be used to make a cash distribution to SBA Guarantor LLC.Says this which will further distribute such amount to one or more other SBA entities to be used to repay drawn amounts on the revolving credit facility of SBA Senior Finance II LLC and for general corporate purposes.Offering of the Series 2015-1 Securities is expected to close on or about October 14, 2015.  Full Article

SBA Communications Corp gives Q3 2015 revenue outlook below analysts' estimates; lowers high end of prior FY 2015 revenue outlook to a range below with analysts' estimates
Wednesday, 29 Jul 2015 04:01pm EDT 

SBA Communications Corp:Expects Q3 2015 total revenue to be in the range of $403.0 to $ 413.0 mln.Expects Q3 2015 adjusted EBITDA in the range of $ 271.5 to $ 276.5 mln.Expects Q3 2015 AFFO in the range of $ 177.5 to $ 186.5 mln.Expects FY 2015 total revenue to be in the range of $1,623.0 to $ 1,648.0 mln.Expects FY 2015 adjusted EBITDA in the range of $1,086.0 to $ 1,101.0 mln.Expects FY 2015 AFFO in the range of $ 721.0 to $ 749.0 mln.Q3 2015 revenue of $416.3 mln and EBITDA of $275.8 mln - Thomson Reuters I/B/E/S.FY 2015 revenue of $1,656.2 mln and EBITDA of $1,098.5 mln - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

BRIEF-SBA Communications says Sindirect subsidiary entered into purchase agreement - SEC filing

* SBA Communications Corp - on April 4, indirect subsidiary entered into a purchase agreement - SEC filing