SBA Communications Corporation reported its second-quarter 2025 results on August 4, 2025, with Adjusted Funds From Operations (FFO) of $342.1 million, or $3.17 per share. This FFO per share figure surpassed the average estimate of $3.12 per share from analysts surveyed by Zacks Investment Research, indicating a stronger-than-expected profitability.
The company observed robust activity in its core domestic market, with new U.S. leasing business signed during the quarter exceeding expectations. This growth was primarily driven by continued high levels of new colocations, a shift from prior periods where amendments to existing leases were more dominant. This trend suggests a healthy demand for new tower infrastructure.
Based on its strong performance in the second quarter and continued robust wireless carrier activity, SBA Communications raised its annual revenue forecast for the full year 2025. This upward revision reflects management's confidence in the ongoing investments by mobile network operators in 5G and network infrastructure to meet growing mobile data demand.
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