4Q Site Leasing Rise Predicted for SBA

February 21, 2019

Zacks predicts fourth-quarter site leasing will come in at $443 million, up from $414 million in Q4 2017 when the SBA Communications releases its results after the closing bell today.

Site development revenues are also expected to top last year: $30.2 million compared with $29 million. Total revenues are projected to be $472 million, well over $443 million in the year-earlier quarter. The firm said those positive numbers have plenty of catalysts to continue in the future.

“SBA Communications is poised to benefit from strong customer activity both domestically and internationally, coupled with healthy backlogs with each of its big four U.S. customers. The company expects the positive momentum, backed by investment by these customers in their networks, to have resulted in new leases and amendment signings in the quarter,” Zacks wrote.