SBA discusses its growth, small cell activities and forex challenges
Highlights from SBA Communications’ Q1 2015 earning call
During the recent Q1 2015 earning call, SBA Communications’ CEO, Jeffrey Stoops, along with Mark DeRussy, VP of Finance and Brendan Cavanagh, SBA’s CFO and SVP, discussed latest results in both domestic and international markets. Here is a snapshot of what we found out.
SBA’s site leasing revenue for Q115 was US$369.7mn (+19.5% from Q114) and the international cash leasing revenue saw an increase of 92.5% to US$57mn. The actual increase would have been 121.8% had it not been for the impact of unfavourable exchange rates.
With strong leasing demand both in the U.S. and internationally, about two-thirds of the company’s leasing activity came from new leases.