SBA Communications Corporation reported second quarter 2026 net income of $198.8 million, or $1.87 per share, and industry-leading AFFO per share of $3.05. The company updated its full year 2026 outlook, projecting site leasing revenue between $2.65 billion and $2.67 billion and AFFO per share between $11.95 and $12.40. Subsequent to the quarter end, SBA issued $3.5 billion in investment grade senior notes and entered into a new $2.5 billion unsecured revolving credit facility, achieving an S&P ratings upgrade to BBB. The Board declared a quarterly cash dividend of $1.25 per share, payable September 17, 2026, to shareholders of record on August 20, 2026. SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems, and small cells.

SBA Communications Corporation closed a public offering of $3.5 billion in senior unsecured notes, consisting of $1.35 billion of 4.875% notes due 2030, $1.35 billion of 5.150% notes due 2031, three $800 million portions of $5.450% notes due 2033. The net proceeds were used to repay a senior secured term loan and outstanding borrowings under a senior secured revolving credit facility. Concurrently, the company entered into a new $2.5 billion senior unsecured revolving credit facility with Wells Fargo Bank as administrative agent. SBA Communications Corporation is a telecommunications infrastructure company that provides wireless communications infrastructure services to wireless carriers.