With a market cap of around $22 billion, SBA Communications Corporation (SBAC) is a leading independent owner and operator of wireless communications infrastructure, specializing in developing and leasing towers, buildings, rooftops, and distributed antenna systems across the Americas, Africa, and Asia. With a strong focus on long-term lease agreements and comprehensive site development services, SBA continues to drive innovation in the telecommunications industry as a top Real Estate Investment Trust (REIT).
SBAC is expected to release its fiscal Q4 earnings results on Monday, Feb. 24. Ahead of this event, analysts project the communications tower operator to report an AFFO of $3.21 per share, reflecting a decrease of 4.8% from $3.37 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. In the most recent quarter, SBAC surpassed the consensus AFFO estimate by 4.7%.
