Tuesday, February 28, 2017

SBA Reports Steady and Expected 4Q Results for 2016

SBA Communications (Nasdaq:SBAC) reported 4Q 2016 earnings yesterday that both the company and analysts found to be “solid.”
Highlights of SBA’s fourth quarter include:

  • Repurchased 3.4 million shares
  • Net income of $5.3 million or $0.04 per share
  • AFFO per share growth of 14 percent over the year earlier period
  • Grew the portfolio to over 26,000 communication sites
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