SBA Communications Beat Expectations

SBA Communications (SBAC) reported earnings of $3.16 per share on revenue of $664.25 million for the first quarter ended March 2025. The consensus earnings estimate was $2.95 per share on revenue of $657.00 million. The Earnings Whisper number was $3.05 per share. The company beat expectations by 3.61% while revenue grew 0.97% on a year-over-year basis.

The company said it expects 2025 funds from operations of $12.53 to $12.90 per share. The company's previous guidance was FFO of $12.40 to $12.76 per share and the current consensus FFO estimate is $12.62 per share for the year ending December 31, 2025.

SBA Communications Corporation is an independent owner & operator of wireless communications tower structures, rooftops & other structures that support antennas for communication. Its business segments are site leasing and site development.