SBA Communications Reports Q3 Results, Cuts 2026 Revenue Outlook and Raises Dividend

SBA Communications reported third-quarter 2026 net income attributable to the company of $231.3 million, or $2.19 per diluted share, while AFFO per share fell to $3.19 from $3.30 a year earlier; site leasing revenue rose 1.4% to $665.4 million. The company lowered its full-year 2026 site leasing revenue outlook to $2.643 billion-$2.658 billion and total revenue outlook to $2.833 billion-$2.858 billion, repurchased $300 million of stock, and declared a $1.25-per-share dividend payable December 10 to shareholders of record November 12.