SBA Communications reports lower Q2 AFFO, raises dividend and updates 2026 outlook

SBA Communications reported second-quarter 2026 net income attributable to the company of $198.8 million, or $1.87 per diluted share, while AFFO per share fell to $3.05 from $3.17 a year earlier; site leasing revenue rose 5.1% to $663.9 million, driven by international growth. The company raised its full-year 2026 discretionary capital spending outlook by $25 million to $455 million-$475 million, maintained AFFO per share guidance at $11.95-$12.40, issued $3.5 billion of senior notes on July 23, and declared a $1.25 quarterly dividend payable September 17 to shareholders of record August 20.