SBA Communications Corporation Reports Second Quarter 2026 Results; Updates Full Year 2026 Outlook; and Declares Quarterly Cash Dividend
SBA Communications reported Q2 2026 total revenue of $715.3 million, with core site leasing revenue increasing 5.1% year-over-year to $663.9 million, while AFFO per share came in at $3.05. The company significantly strengthened its balance sheet by issuing $3.5 billion in investment-grade senior notes and securing an expanded $2.5 billion unsecured revolver, resulting in an S&P rating upgrade to BBB and a net debt-to-EBITDA ratio of 6.4x.
Key figures
- Eps
- 1.87
- Revenue
- 715274000
- Guidance
- FY2026 Site Leasing Revenue $2,651.0M-$2,676.0M; AFFO per share $11.95-$12.40
- Revenue Yoy
- 2.3%
- Affo per share
- 3.05
- Adjusted ebitda
- 483800000
- Tower cash flow
- 524900000
- Dividend per share
- 1.25
- Net debt to ebitda
- 6.4x
- Debt offering value
- 3500000000
- Site leasing revenue
- 663900000
AI analysis
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