SBAC SBA Communications

FY2024 10-K
Filed: Feb 26, 2025
Financials
Real Estate Investment TrustsSEC EDGAR

SBA Communications (SBAC) filed its fiscal year 2024 10-K annual report with the SEC on Feb 26, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2024 10-K

Business Overview

  • Core business: Independent owner/operator of wireless communication towers and site leasing in US, Americas, Canada, Africa
  • New emphasis on edge data centers and private networks; owns 3 regional data centers in US/Brazil; exploring energy-as-a-service with onsite battery/solar
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Management Discussion & Analysis

  • Dividends paid in 2024 totaled approximately $424.1 million ($0.98 per share quarterly); dividend raised to $1.11 per share declared for March 2025
  • No securities issued under registration statements during 2024; approximately 1.2 million shares available under shelf registration
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Risk Factors

  • Regulatory/legal risk: No specific laws or agencies cited as material risk in the filing
  • Geopolitical/macro risk: 30% of towers in Brazil; foreign exchange fluctuations impact international site leasing results
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Financial Summary
XBRL

Revenue

$153M

Net Income

$750M

Gross Margin

1372.4%

Operating Margin

939.2%

Net Margin

490.3%

ROE

-14.7%

Total Assets

$11.4B

EPS (Diluted)

$6.94

Operating Cash Flow

$1.3B

Source: XBRL data from SBA Communications FY2024 10-K filing on SEC EDGAR. All figures in USD.

Other SBA Communications Annual Reports

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