SBA Communications Sees FY24 AFFO Attributable To SBA Communications $13.03-$13.40; Net Income $7.73-$8.15
Portfolio Pulse from Benzinga Newsdesk
SBA Communications forecasts its FY24 AFFO attributable to the company to be between $13.03 and $13.40 per share, with net income projected at $7.73 to $8.15 per share. The forecast includes various adjustments to FFO, such as real estate related depreciation, asset impairment, and non-cash compensation, leading to an AFFO of $1,415.0 to $1,455.0 million before adjustments for joint venture partner interest. The company's net debt and leverage ratios are calculated based on the notional principal amount of outstanding debt, as per GAAP policies.
April 29, 2024 | 8:15 pm
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SBA Communications forecasts FY24 AFFO per share at $13.03-$13.40 and net income per share at $7.73-$8.15, indicating a positive outlook for the company's financial performance.
The detailed forecast provided by SBA Communications for FY24, including AFFO and net income projections, suggests a strong financial performance. The adjustments made to FFO, such as for depreciation and non-cash items, further clarify the company's operational efficiency and financial health. This positive outlook is likely to influence investor sentiment positively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100