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AI brief of an SEC Form 8-K · SBA Communications (SBAC)

SBA Communications Q4 net income rises to $178.8 million; issues 2025 guidance

Positive Impact 3 of 5 earnings Written later

SBA Communications reported fourth-quarter 2024 net income of $178.8 million, or $1.61 per diluted share, up from $109.5 million, or $1.01 per share, a year earlier. Total revenue rose to $693.7 million from $675.0 million, and the company gave initial full-year 2025 guidance, including total revenue of $2.69 billion to $2.735 billion and AFFO per share of $12.40 to $12.76. The board also declared a quarterly dividend of $1.11 per share, about 13% higher than the prior quarter's payout.

Key points

  • Q4 2024 net income $178.8 million, or $1.61 per diluted share, versus $109.5 million, or $1.01, in Q4 2023
  • Q4 2024 total revenue $693.7 million, up from $675.0 million; site leasing revenue $646.3 million, up 1.6%
  • 2025 outlook: total revenue $2.69 billion to $2.735 billion; AFFO per share $12.40 to $12.76
  • Quarterly dividend of $1.11 per share payable March 27, 2025, to holders of record on March 13, 2025

The filing

CompanySBA Communications (SBAC)
Form8-K, current report
Filed with the SECFeb 24, 2025, 4:18 PM ET
Accession number0001193125-25-033399

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.