SBA Communications (SBAC) Q4 FY25 earnings call

SBA Communications delivered solid Q4 FY25 results, marked by strong FFO per share growth and increased dividends, alongside significant share repurchases. The company is navigating elevated churn from carrier consolidation, particularly with Sprint and international operators, while strategically investing in new leases and amendments both domestically and abroad. Management is focused on long-term organic growth drivers, including 5G densification, 6G preparation, and international market expansion, supported by a robust balance sheet and capital return strategy.