SBA Communications Posts $3.01 Q1 FFO, Lifts Full-Year Outlook
SBA Communications reported Q1 funds from operations of $319.6 million ($3.01 per share), beating the $2.86 consensus and posting net income of $184.8 million ($1.74 per share). Revenue reached $703.4 million, topping the $698.8 million estimate, and full-year FFO guidance was raised to $11.89–$12.34 per share.
1. Q1 Financial Results
Funds from operations totaled $319.6 million ($3.01 per share), surpassing the $2.86 per share estimate but below last year’s $3.16. Net income was $184.8 million ($1.74 per share) on revenue of $703.4 million, topping the $698.8 million consensus.
2. Guidance Update
SBA Communications raised its full-year FFO guidance to a range of $11.89–$12.34 per share and forecasts revenue of $2.84 billion to $2.88 billion for 2026, reflecting stronger-than-expected demand for tower leases and capacity expansions.