SBAC SBA Communications Corp. Class A

SBA Communications Corporation to Speak at the J.P. Morgan 46th Global Technology, Media and Telecom Conference

SBA Communications Corporation (NASDAQ:SBAC) (“SBA”) announces that Jeffrey A. Stoops, President and Chief Executive Officer is scheduled to speak at the J.P. Morgan 46th Global Technology, Media and Telecom Conference on Tuesday, May 15, 2018 at 10:00 AM. This conference will be at the Westin Boston Waterfront Hotel in Boston, Massachusetts. The audio presentation for SBA can be accessed by visiting 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. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts. For more information, please visit: www.sbasite.com.

EN
02/05/2018

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Reports on SBA Communications Corp. Class A

Philip Burnett
  • Philip Burnett

SBAC Results Review & Model Update

This note covers results and changes to the model. Results were fine, with beats to most metrics driven by higher non-organic revenue from the early close of Millicom, strong services revenue, and a smaller headwind from FX. Guidance is up on the same drivers. The only change to organic growth came from higher Oi churn.

SBA Communications Corp: 1 director

A director at SBA Communications Corp sold/sold after exercising options 5,000 shares at 240.587USD and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's dir...

Jonathan Chaplin
  • Jonathan Chaplin

SBAC Model Update

Changes are immaterial. We left organic leasing activity estimates where they were, but for slightly higher international revenue in the long-run from slightly lower churn. We expect higher revenue from Millicom, lifting core site leasing revenue modestly. We increased service revenue estimates on the new guide.

Jonathan Chaplin
  • Jonathan Chaplin

SBAC 1Q25 Quick Take: Site leasing a touch soft; guidance up slightly

Site leasing revenue and cash flow was a touch soft both domestically and internationally. Site development revenue beat expectations handily. They increased site-leasing revenue guidance slightly, but mostly on straight-line and the acceleration of part of the Millicom deal. Organic growth guidance didn’t change, though they appear to be trending towards the top end of the range. Site development guidance increased, as did AFFO guidance.

Jonathan Chaplin
  • Jonathan Chaplin

SBAC quick thoughts following the call

We picked up two points from the call with implications for the broadband and wireless companies – one on FWA and one on EchoStar. We don’t have insights to share on SBAC specifically this quarter (but we will next quarter).

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