SBA Communications Beats Q2 FFO Estimates on International Leasing Strength

Earnings

โดย Zacks Investment Research·

Summary · why it matters

SBA Communications reported second-quarter 2026 AFFO per share of $3.03, surpassing the Zacks Consensus Estimate of $2.96, though down 3.8% from $3.15 a year ago. Total revenues rose 2.3% year over year to $715.3 million, beating the consensus of $703.4 million, driven by strong international site-leasing growth. International site-leasing revenues surged 30.5% to $211.4 million, while domestic site-leasing revenues fell 3.7% to $452.5 million due to customer consolidation churn. The company acquired six sites and built 109 towers during the quarter, ending with 46,390 communication sites. Management raised the midpoint of its total revenue outlook by $2 million and increased the 2026 AFFO-per-share midpoint by 2 cents to $11.95-$12.40, while trimming adjusted EBITDA guidance by $1 million at the midpoint.

SBA Communications Corp ▲