SBA Communications Trading Volume Drops 37.35% to 450th Position Despite Strong Leasing Growth and Share Repurchase Plan

On May 15, 2025, SBA Communications (SBAC) saw a trading volume of $212 million, marking a 37.35% decrease from the previous day. This placed the stock at the 450th position in terms of trading volume for the day. The stock price of SBA Communications rose by 2.86%.

SBA Communications Corp reported strong leasing growth and announced a $1.5 billion share repurchase plan. Additionally, the company increased its quarterly dividend by 13%.

SBA Communications Corp recently reported its Q1 2025 earnings, with AFFO per share matching consensus estimates at $3.16. The company raised its full-year guidance, with the new midpoint for 2025 AFFO at $12.66, up 1.16% from the prior $12.51. In response to recent share price weakness, SBAC repurchased approximately 583,000 shares for $122.9 million at an average price near $211, without taking on new debt. The company also announced a new $1.5 billion share repurchase authorization.

SBA Communications completed the sale of its assets in the Philippines and Colombia, markets that management had previously indicated were unlikely to reach the scale needed for attractive returns. This move to reallocate capital away from lower-return regions is seen as a strategic decision to enhance overall profitability.