Valued at a market cap of $24.3 billion, SBA Communications Corporation (SBAC) is a leading telecom infrastructure REIT that owns and operates wireless communication towers primarily in the U.S. and Latin America. Headquartered in Boca Raton, Florida, the company generates recurring revenue by leasing tower space to major wireless carriers.
SBAC is expected to release its fiscal Q1 earnings results on Monday, Apr. 28. Ahead of this event, analysts project the communications tower operator to report an AFFO of $2.95 per share, reflecting a decrease of 10.3% from $3.29 per share in the year-ago quarter. However, the company holds a solid track record of consistently surpassing Wall Street's bottom-line estimates in the last four quarterly reports.
