SBA Communications Launches $1.5 Billion Share Buyback and Boosts 2025 Outlook

Published 1 hours agoSBAC

SBA Communications Launches $1.5 Billion Share Buyback and Boosts 2025 Outlook

SBA Communications Corporation has unveiled a $1.5 billion share repurchase program, highlighting its robust financial position and dedication to shareholder value. This move accompanies a raised financial outlook for 2025, reflecting the company's confidence in its future earnings and market conditions.

Supporting these initiatives, SBA Communications has increased its 2025 expectations for adjusted funds from operations (FFO) to a range of $13.20 to $13.45 per share, and anticipates revenues of between $2.66 billion and $2.68 billion. Reuters reported that the company also plans a strategic acquisition of more than 7,000 communication sites from Millicom International Cellular S.A., valued at $975 million, which is expected to bolster revenue and tower cash flow significantly by 2025.

In addition to these financial strategies, SBA Communications has announced a 13% increase in its quarterly dividend. This dividend, projected to represent around 35% of its adjusted funds from operations in 2025, further underscores the company's commitment to returning value to shareholders and sustaining its financial strength.

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