SBAC

AI Research

Dividend hike 12.6% → $1.25/share; 2026 AFFO guidance $1,260-$1,308M disappoints

SBA Communications reported strong Q4 2025 results with net income of $370.4 million and diluted EPS of $3.47, while raising its quarterly dividend 12.6% to $1.25 per share payable March 27. The company provided full-year 2026 AFFO guidance of $1,260-$1,308 million ($11.84-$12.29 per share), which disappointed some investors expecting stronger growth. Analyst moves are mixed, with RBC Capital raising its price target to $220 and Morgan Stanley lowering to $215.