SBA Communications Reports Q3 2026 Results with Increased Dividend and Raised AFFO Guidance
SBA Communications (SBAC) reported third-quarter 2026 financial results characterized by steady site leasing revenue growth of 1.4% to $665.4 million, driven by international expansion and domestic carrier investments in 5G spectrum. Despite a significant 36% year-over-year decline in site development revenue due to shifting carrier activity, the company raised its full-year 2026 AFFO guidance to a midpoint of $1.295 billion. The company is actively managing churn related to Sprint and EchoStar while navigating international carrier consolidations. To support shareholder value, SBA repurchased $300 million in shares during the quarter and increased its quarterly cash dividend by 13% to $1.25 per share. While total debt stands at $13 billion, management noted that the leverage ratio remains within their target range of 6x to 7x.
Tickers: $SBAC
Topics: debt management dividend increase earnings report revenue growth share repurchases