SBAC SBA Communications Corp. Class A

SBA Communications Corporation Sets Date for First Quarter 2018 Earnings Release

SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its first quarter results on Monday, April 30, 2018 after market close.

SBA will host a conference call on Monday, April 30, 2018 to discuss these results. The call may be accessed as follows:

         
When: Monday, April 30, 2018 at 5:00 PM (EDT)
 
Dial-in Number: (800) 230-1093
 
Conference Name: SBA First Quarter Results
 
Replay Available: April 30, 2018 at 08:00 PM to May 14, 2018 at 11:59 PM (TZ: Eastern)
 
Replay Number: (800) 475-6701
 
Access Code: 446767
 
Internet Access:

www.sbasite.com

 

About SBA Communications Corporation

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central and South America. By "Building Better Wireless", SBA generates revenue from two primary businesses - site leasing and site development services. SBA's primary focus is the leasing of antenna space on its multi- tenant towers to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.

EN
04/04/2018

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Reports on SBA Communications Corp. Class A

David Barden
  • David Barden

SBA Communications 4Q25 Results & Model Update

We are updating our model for SBAC (Neutral, PT $212) following its 4Q25 results that were generally behind on most metrics. As we mentioned in our initial take, the company’s 2026 guidance doesn’t show much to get excited about, however, we are interested to see the progression of its dispute with SATS. The company stated that it filed its lawsuit against SATS on 2/25/26 and removed the revenue from its guide in line with the balance of the industry. Separating itself from others in the industr...

David Barden
  • David Barden

SBA Communications 4Q25 Quick Take: SATS Lawsuit filed, not so much ex...

SBAC (Neutral, PT $212) reported 4Q25 results that were below our estimates and consensus. The company stated that it filed its lawsuit against SATS on 2/25/26 and removed the revenue from its guide in line with the industry. 2026 guidance came in light vs. the street, which we think is in part due to messiness around SATS. The company mentioned that it won’t likely rise to its long-term growth targets until 2028 as it continues to work through churn events in 2026 and 2027. This note is our ins...

David Barden
  • David Barden

Towers & interest rates, the biggest moving parts

Given recent news around future interest rate actions by the Fed, we performed a sensitivity analysis to better understand potential AFFO per share implications for each of the three major tower companies. Based on a detailed, tranche by tranche debt analysis, SBAC (Neutral, PT $212) has the largest near-term exposure given its short-term refinancing needs. CCI (Neutral, PT $93) has limited exposure given that we expect its debt reduction using proceeds from its small cells and fiber business sa...

David Barden
  • David Barden

Towers 4Q25 Estimates & Ratings Refresh

The last 3 months have seen substantial tower price dislocation catalyzed by news that SATS intends to invoke contractual clauses and stop paying the tower industry for current leases. We highlight some key industry developments impacting sentiment and preview 4Q results based on our catch-up conversations with the companies in recent weeks.

SBA Communications Corporation: Update to credit analysis following af...

Our credit view of this issuer reflects its large scale and favorable sector fundamentals, constrained by its mostly secured capital structure.

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