Every material Form 8-K SBA Communications filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
SBA Communications Corporation reported third quarter 2026 net income of $231.3 million, or $2.19 per share, alongside site leasing revenue of $665.4 million. The company updated its full year 2026 guidance, declared a quarterly cash dividend of $1.25 per share, and repurchased 1.7 million shares during the quarter.
Net income attributable to SBA was $231.3 million, or $2.19 per share, for the third quarter ended September 30, 2026.
Site leasing revenue reached $665.4 million in the third quarter of 2026.
The company repurchased 1.7 million shares for $300.0 million during the quarter.
A quarterly cash dividend of $1.25 per share was declared, payable on December 10, 2026.
SBA Communications reported second quarter 2026 net income attributable to SBA of $198.8 million, or $1.87 per diluted share, down from $2.09 a year earlier, while site leasing revenue rose to $663.9 million from $631.8 million. It raised the midpoint of its full year 2026 site leasing revenue outlook by $2.0 million and declared a $1.25 per share quarterly dividend, so shareholders see higher revenue and a slightly higher outlook alongside lower per-share profit.
Diluted EPS was $1.87 versus $2.09; net income included an $8.0 million currency gain versus $30.4 million a year earlier.
Site leasing revenue was $663.9 million, up 5.1%; site development revenue was $51.4 million, down 23.5%.
Full year 2026 AFFO per share outlook is $11.95 to $12.40, with the midpoint up $0.02 from April 29, 2026.
Quarterly cash dividend of $1.25 per share is payable September 17, 2026 to holders of record on August 20, 2026.
SBA Communications closed a $3.5 billion offering of senior unsecured notes due 2030, 2031 and 2033 on July 23, 2026, and used the proceeds to repay in full its senior secured term loan and revolver borrowings. It also entered a new $2.5 billion unsecured revolving credit facility maturing July 23, 2031, and terminated its prior $2.0 billion revolver and $2.3 billion term loan. For shareholders, the filing shows a change in the company's debt structure and interest rates, with the new notes structurally subordinated to liabilities of its SBA Telecommunications LLC subsidiary.
Notes: $1.35 billion at 4.875% due 2030, $1.35 billion at 5.150% due 2031, and $800.0 million at 5.450% due 2033, with interest paid semi-annually starting January 15, 2027.
Net proceeds repaid in full the senior secured term loan and outstanding revolver borrowings under the prior credit agreement dated January 25, 2024.
New $2.5 billion senior unsecured revolving credit facility matures July 23, 2031, with an option to request up to $1.0 billion in increases.
The notes are not guaranteed by SBA Telecommunications LLC or its subsidiaries, so they are structurally subordinated to those entities' liabilities.
SBA Communications agreed on July 14, 2026 to sell $3.5 billion of senior notes in a registered public offering through four underwriters. The company plans to use the net proceeds to repay in full its senior secured term loan and its outstanding revolving credit facility borrowings. The filing does not state the effect on earnings or leverage.
Notes: $1.35 billion of 4.875% due 2030, $1.35 billion of 5.150% due 2031, and $800 million of 5.450% due 2033
Underwriting agreement dated July 14, 2026, with Morgan Stanley, Barclays, Wells Fargo Securities and Goldman Sachs as representatives
Proceeds to repay the term loan maturing January 25, 2031 and revolver borrowings maturing January 25, 2029
SBA Communications reported first quarter 2026 results on April 29, 2026. Site leasing revenue rose 6.5% to $656.1 million, but net income attributable to SBA fell to $184.8 million, or $1.74 per diluted share, from $220.7 million, or $2.04, a year earlier. The company raised its full year 2026 outlook across key metrics and declared a $1.25 quarterly dividend, so shareholders see higher guidance alongside lower quarterly profit and AFFO per share.
Site leasing revenue of $656.1 million, up 6.5% from $616.2 million in Q1 2025
Diluted EPS of $1.74 versus $2.04; AFFO per share of $3.03 versus $3.18
2026 AFFO per share outlook raised to $11.93 to $12.38, up $0.09 at the midpoint from February 26, 2026
Quarterly dividend of $1.25 per share, payable June 17, 2026 to holders of record on May 22, 2026
SBA Communications said Executive Vice President of U.S. Operations Mark Ciarfella gave notice on March 24, 2026 that he intends to retire from his roles effective December 31, 2026. He will stay on as a non-executive employee through March 7, 2027 to support the transition of his responsibilities.
Mark Ciarfella gave notice of retirement on March 24, 2026.
Retirement from current title and roles is effective December 31, 2026.
He will remain a non-executive employee through March 7, 2027 to support the transition.
SBA Communications reported fourth-quarter 2025 results, with net income of $370.4 million ($3.47 per diluted share) versus $178.8 million a year earlier, though that figure includes a $226.3 million gain on the sale of its Canadian operations. AFFO per share fell 8.1% to $3.19, and the company issued initial 2026 guidance that excludes all contracted EchoStar revenue while declaring a dividend of $1.25 per share, up about 13%.
Q4 2025 site leasing revenue rose 3.1% to $666.2 million; net income was $370.4 million, or $3.47 per diluted share, versus $1.61 a year earlier.
AFFO fell 9.2% to $340.4 million, and AFFO per share fell 8.1% to $3.19 from $3.47.
2026 outlook projects total revenues of $2,815.0 million to $2,860.0 million and AFFO per share of $11.84 to $12.29, excluding all contracted EchoStar revenue.
Quarterly dividend of $1.25 per share is payable March 27, 2026, to holders of record on March 13, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SBA Communications filing is on SEC EDGAR ↗. 8-K briefs of other companies →