SBA Communications Q3 Adjusted FFO, Revenue Fall; 2024 Outlook Updated

MT Newswires Live

Oct 29, 2024

SBA Communications (SBAC) reported Q3 adjusted funds from operations late Monday of $3.32 per share, down from $3.34 a year earlier.

Analysts polled by Capital IQ forecast $3.31.

Revenue for the quarter ended Sept. 30 was $667.6 million, down from $682.5 million a year earlier.

Analysts surveyed by Capital IQ projected $670.2 million.

The company said it now expects a full-year 2024 AFFO of $13.20 to $13.45 per share against a previous guidance of $13.06 to $13.43 per share. Analysts polled by Capital IQ expect $13.19.

Revenue for the year is now projected to be in the range of $2.66 billion to $2.68 billion compared with a previous guidance of $2.64 billion to $2.67 billion. Analysts surveyed by Capital IQ expect $2.66 billion.

The company said its board kept the quarterly dividend at $0.98 per share, payable Dec. 12 to shareholders of record on Nov. 14.

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Analysts surveyed by Capital IQ expect $2.66 billion.</p><p>The company said its board kept the quarterly dividend at $0.98 per share, payable Dec. 12 to shareholders of record on Nov. 14.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SBAC","symbol_name":"SBA通信","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2479525004","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479525004","pubTimestamp":1730146592,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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