On July 28, SBA Communications held its earnings call for Q2 2016. Representing the towerco were Jeff Stoops, President and CEO, Brendan Cavanagh, CFO and Mark DeRussy, VP of Finance.
Key financial data
SBA reported solid quarterly results above the company’s high end for site leasing revenue, tower cash flow, adjusted EBITDA and AFFO. GAAP site leasing revenue reached US$381.8mn (+4.8% from Q1 2016 with currency adjustment) and total cash site leasing revenue was US$373.1mn (+4.4% from Q1 2016 with currency adjustment).
While SBA reported domestic tower cash flow (TCF) of US$255.4mn