SBA Communications (SBAC) reported Q4 adjusted funds from operations late Monday of $3.47 per share, up from $3.37 a year earlier.

Analysts polled by FactSet expected adjusted FFO of $3.39.

Revenue for the quarter that ended Dec. 31 was $693.7 million, up from $675 million a year earlier.

Analysts surveyed by FactSet expected $681.6 million.

The company said it expects 2025 adjusted FFO per share of $12.40 to $12.76. Analysts surveyed by FactSet expect $12.83.

Revenue for the year is projected to be $2.69 billion to $2.74 billion. Analysts polled by FactSet expect $2.71 billion.

Additionally, the company said it raised its quarterly cash dividend to $1.11 per share from $0.98, payable March 27 to shareholders of record on March 13.