April 29, 2017 8:53 PM ET

Equity Real Estate Investment Trusts (REITs)

Company Overview of SBA Communications Corporation

Company Overview

SBA Communications Corporation operates as a real estate investment trust. The company operates through two segments, Site Leasing and Site Development. It owns and operates wireless communications infrastructure, including tower structures, rooftop, and other structures that support antennas used for wireless communications. As of December 31, 2016, the company owned 15,922 sites in the United States and its territories; and 10,275 towers in Canada, Central America, and South America. It also provides site development services, such as network pre-design; site audit; identification of potential locations for towers and antennas on existing infrastructure; support in leasing of the location;...

8051 Congress Avenue

Boca Raton, FL 33487

United States

Founded in 1989

1,241 Employees

Phone:

561-995-7670

Key Executives for SBA Communications Corporation

Chief Executive Officer, President and Director
Age: 58
Total Annual Compensation: $750.0K
Chief Financial Officer and Executive Vice President
Age: 44
Total Annual Compensation: $450.0K
Executive Vice President and President of International
Age: 51
Total Annual Compensation: $475.0K
Chief Administrative Officer, General Counsel and Executive Vice President
Age: 58
Total Annual Compensation: $475.0K
Executive Vice President of Site Leasing
Age: 47
Total Annual Compensation: $380.0K
Compensation as of Fiscal Year 2016.

SBA Communications Corporation Key Developments

SBA Communications Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Earnings Guidance for 2017

SBA Communications Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. Total revenues in the fourth quarter of 2016 were $416.5 million compared to $406.9 million in the year earlier period, an increase of 2.4%. Net income for the fourth quarter of 2016 was $5.3 million, or $0.04 per share, and included an $18.2 million loss on the extinguishment of the 5.625% Senior Notes, while net income for the fourth quarter of 2015 was $31.0 million, or $0.24 per share, and included a $37.2 million gain realized on the sale of the Company’s investment in Extenet. Adjusted EBITDA for the quarter was $287.0 million, a 4.6% increase over the prior year period. AFFO for the quarter was $201.3 million, an 11.2% increase over the prior year period. AFFO per share for the fourth quarter of 2016 was $1.63, a 14.0% increase over the fourth quarter of 2015. Total cash capital expenditures for the fourth quarter of 2016 were $121.1 million. FFO was $162,663,000 against $190,977,000 a year ago. For the full year, the company reported total revenues of $1,633,125,000 against $1,638,474,000 a year ago. Operating income was $387,308,000 against $312,456,000 a year ago. Income before provision for income taxes was $87,303,000 against loss of $166,595,000 a year ago. Net income was $76,238,000 or $0.61 per share compared to a net loss of $175,656,000 or $1.37 per share in the year earlier period. Total capital expenditures were $104,320,000. Net cash provided by operating activities was $215,294,000 against $194,190,000 a year ago. Capital expenditures were $35,662,000 against $46,396,000 a year ago. Net debt was $8,691,882,000. For 2017, the company expects net income of $75.0 million to $125.0 million, FFO of $699.0 million to $741.0 million, non-discretionary cash capital expenditures of $41.0 million to $31.0 million, AFFO of $805.0 million to $847.0 million and AFFO per share of $6.61 to $6.95. It expects total revenues of $1,673.0 to $1,713.0 million, Tower cash flow of $1,247.0 to $1,267.0 million, adjusted EBITDA of $1,171.0 to $1,191.0 million, net cash interest expense of $297.0 to $307.0 million and discretionary cash capital expenditures of $200 to $220 million.

SBA Communications Corporation Presents at The Raymond James 38th Annual Institutional Investors Conference 2017, Mar-06-2017 01:40 PM

SBA Communications Corporation Presents at The Raymond James 38th Annual Institutional Investors Conference 2017, Mar-06-2017 01:40 PM. Venue: JW Marriott Grande Lakes, 4040 Central Florida Pkwy, Orlando, Florida, United States. Speakers: Brendan T. Cavanagh, Chief Financial Officer and Executive Vice President.

SBA Communications Corporation to Report Q4, 2016 Results on Feb 27, 2017

SBA Communications Corporation announced that they will report Q4, 2016 results at 5:00 PM, Eastern Standard Time on Feb 27, 2017

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Recent Private Companies Transactions

Type
Date
Target
Buyback
February 27, 2017
--
Merger/Acquisition
February 27, 2017
63 Communication Sites in U.S. and Other Countries
Merger/Acquisition
November 1, 2016
41 Communication Sites
 

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