November 3, 2016 — SBA Communications reported another strong period in the third quarter, with total revenues of $411.3 million compared with $410.7 million, increase of 0.1 year over year. Site leasing revenue of $388.2 million increased 4.3 percent year over year. Domestic cash site leasing revenue was $316.8 million, compared with $306.9 million, an increase of 3.2 percent, year over year.
“Organic leasing demand was steady,” said Jeffrey Stoops, president and CEO. “Amendment activity in the U.S. was very strong, with our customers adding to or modifying existing macro sites to refarm 2G and 3G uses to 4G LTE or to add new spectrum to their networks.”
Domestic tower cash flow for the third quarter of 2016 was $258.9 million compared with $251.0 million in the year earlier period, an increase of 3.2 percent.
During the 3Q2016, SBA purchased 157 communication sites for $30.9 million, built 93 towers, and, as of September 30, it owned or operated 25,878 sites; 15,845 in the United States, and 10,033 internationally.