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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