SBA Communications CorpSBAC
▼ NegativeCapitalrelevance
Q2 net income and AFFO declined year-over-year, with site development revenue down 23.5%.
Impact on stocks 1
Cloud & Digital Infrastructure
SBA Communications CorpSBA Communications reported a decline in second-quarter net income to $198.8 million, or $1.87 per share, from $225.8 million, or $2.09 per share, a year earlier. Site leasing revenue rose 5.1% to $663.9 million, while site development revenue fell 23.5% to $51.4 million, bringing total revenue to $715.3 million. Adjusted funds from operations dropped 5.2% to $324.4 million, with AFFO per share of $3.05. The board declared a quarterly cash dividend of $1.25 per Class A common share, payable September 17, 2026, to shareholders of record as of August 20, 2026. For fiscal 2026, the company updated its outlook, now projecting site leasing revenue of $2.651 billion to $2.676 billion, total revenue of $2.841 billion to $2.886 billion, and AFFO of $1.270 billion to $1.318 billion, with AFFO per share of $11.95 to $12.40.
SBA Communications CorpQ2 net income and AFFO declined year-over-year, with site development revenue down 23.5%.