SBAC— SBA COMMUNICATIONS CORP

Real Estate$19.5B mkt cap

Metric	FY2025	FY2024	FY2023	FY2022
Site leasing	$2.57B+1.7%	$2.53B+0.4%	$2.52B+7.7%	$2.34B
Site development	$244.5M+59.9%	$152.9M-21.5%	$194.6M-34.4%	$296.9M
Total revenues	$2.82B+5.1%	$2.68B-1.2%	$2.71B+3.0%	$2.63B
Cost of site leasing	$492.0M+6.3%	$463.0M-2.0%	$472.7M+6.1%	$445.7M
Cost of site development	$199.0M+67.6%	$118.7M-15.2%	$139.9M-37.2%	$223.0M
Selling, general, and administrative expenses	$277.6M+7.3%	$258.8M-3.4%	$267.9M+2.3%	$261.9M
Acquisition and new business initiatives related adjustments and expenses	$27.3M+5.3%	$25.9M+19.7%	$21.7M-19.2%	$26.8M
Asset impairment and decommission costs	$184.2M+70.6%	$107.9M-36.3%	$169.4M+292.5%	$43.2M
Depreciation, accretion, and amortization	$292.3M+8.4%	$269.5M-62.4%	$716.3M+1.2%	$707.6M
Total operating expenses	$1.47B+18.4%	$1.24B-30.4%	$1.79B+4.7%	$1.71B
Operating income	$1.34B-6.5%	$1.44B+55.4%	$923.7M-0.2%	$925.4M
Interest income	$31.7M-24.5%	$42.0M+129.2%	$18.3M+80.6%	$10.1M
Interest expense	-$467.9M-17.0%	-$399.8M+0.1%	-$400.4M-13.2%	-$353.8M
Non-cash interest expense	-$8.9M+68.0%	-$27.7M+22.9%	-$35.9M+22.2%	-$46.1M
Amortization of deferred financing fees	-$21.9M-2.8%	-$21.3M-4.9%	-$20.3M-2.2%	-$19.8M
Loss from extinguishment of debt, net	-$5.9M	—	—	—
Other income (expense), net	$366.2M+246.2%	-$250.4M-497.2%	$63.1M+502.4%	$10.5M
Total other expense, net	-$100.7M+84.8%	-$663.1M-76.8%	-$375.2M+6.1%	-$399.6M
Income before income taxes	$1.24B+60.7%	$772.7M+40.9%	$548.5M+4.3%	$525.8M
Provision for income taxes	-$187.6M-682.0%	-$24.0M+53.0%	-$51.1M+22.6%	-$66.0M
Net income	$1.05B+40.8%	$748.7M+50.5%	$497.4M+8.2%	$459.8M
Net (income) loss attributable to noncontrolling interests	-$824K-195.9%	$859K-80.5%	$4.4M+169.8%	$1.6M
Net income attributable to SBA Communications Corporation	$1.05B+40.6%	$749.5M+49.4%	$501.8M+8.8%	$461.4M
Basic	$107.2M-0.4%	$107.6M-0.5%	$108.2M+0.2%	$108.0M
Diluted	$107.5M-0.5%	$108.1M-0.8%	$108.9M-0.4%	$109.4M

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.