August 2, 2026 — The second quarter was another solid period for SBA Communications, Jeffrey Stoops, president and CEO told an earning call last week, with steady organic leasing demand.
“Our customers in the U.S. were most active adding to or modifying existing macro sites to refarm 2G and 3G uses to 4G LTE or to add new spectrum to their networks,” Stoops said.
Domestic cash site leasing revenue grew 4.2 percent year over year to $312.8 million in the second quarter. Site leasing operating profit grew 2.3 percent to $295.4 million, year over year. Domestic Tower Cash Flow for the increased 4.6 percent to $255.4 million.
Capex was equally divide between stock repurchases, portfolio growth and ground purchases. SBA also completed refinancing of a portion of its deb, reducing interest costs on its capital structure.
During the second quarter of 2016, SBA purchased 42 communication sites for $40.6 million in cash and built 90 towers. It now owns or operates 25,670 communication sites, 15,843 in the United States and 9,827 internationally. In addition, the Company spent $19.8 million to purchase land and easements and to extend lease terms. Total cash capex was $91.5 million, consisting of $8.7 million for tower maintenance and general corporate and $82.8 million for new tower builds, tower augmentations, acquisitions and purchasing land and easements).
“Our success in each of these areas, organic growth, operating performance, asset growth, stock repurchases and financing, has a positive impact on and contributes to our long term goal of producing AFFO of more than $10 per share in 2020,” Stoops said.