SBA Communications Corp. (SBAC, Financial) filed Quarterly Report for the period ended 2012-06-30.
Sba Communications Corporation has a market cap of $7.18 billion; its shares were traded at around $60 with and P/S ratio of 10.3. Sba Communications Corporation had an annual average earning growth of 12.5% over the past 10 years.
Site leasing cost of revenues increased $12.6 million for the three months ended June 30, 2012, as compared to the same period in the prior year, primarily as a result of the growth in the number of tower sites owned by us, including $10.7 million from the Mobilitie acquisition, offset by the positive impact of our ground lease purchase program.
Site leasing revenues increased $79.8 million for the six months ended June 30, 2012, as compared to the same period in the prior year, due largely to (i) revenues from the towers that we acquired, including $27.2 million from the Mobilitie acquisition, or towers that we constructed subsequent to June 30, 2011 (ii) organic site leasing growth from new leases, contractual rent escalators and lease amendments which increased the related rent to reflect additional equipment added to our towers and (iii) increased straight-line leasing revenue associated with the Sprint Network Vision Agreement entered into in the fourth quarter of 2011.
Site leasing cost of revenues increased $16.1 million for the six months ended June 30, 2012, as compared to the same period in the prior year, primarily as a result of the growth in the number of tower sites owned by us, including $10.7 million from the Mobilitie acquisition, offset by the positive impact of our ground lease purchase program.
Operating income increased $23.9 million to $75.0 million for the six months ended June 30, 2012 from $51.1 million for the six months ended June 30, 2011, primarily due to higher segment operating profit in the site leasing segment and offset by increases in acquisition related expenses depreciation, accretion and amortization expense and selling, general and administrative expenses.
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Sba Communications Corporation has a market cap of $7.18 billion; its shares were traded at around $60 with and P/S ratio of 10.3. Sba Communications Corporation had an annual average earning growth of 12.5% over the past 10 years.
Highlight of Business Operations:
Site leasing revenues increased $53.4 million for the three months ended June 30, 2012, as compared to the same period in the prior year, due largely to (i) revenues from the towers that we acquired, including $27.2 million from the Mobilitie acquisition, or towers that we constructed subsequent to June 30, 2011 (ii) organic site leasing growth from new leases, contractual rent escalators and lease amendments which increased the related rent to reflect additional equipment added to our towers and (iii) increased straight-line leasing revenue associated with the Sprint Network Vision Agreement entered into in the fourth quarter of 2011.Site leasing cost of revenues increased $12.6 million for the three months ended June 30, 2012, as compared to the same period in the prior year, primarily as a result of the growth in the number of tower sites owned by us, including $10.7 million from the Mobilitie acquisition, offset by the positive impact of our ground lease purchase program.
Site leasing revenues increased $79.8 million for the six months ended June 30, 2012, as compared to the same period in the prior year, due largely to (i) revenues from the towers that we acquired, including $27.2 million from the Mobilitie acquisition, or towers that we constructed subsequent to June 30, 2011 (ii) organic site leasing growth from new leases, contractual rent escalators and lease amendments which increased the related rent to reflect additional equipment added to our towers and (iii) increased straight-line leasing revenue associated with the Sprint Network Vision Agreement entered into in the fourth quarter of 2011.
Site leasing cost of revenues increased $16.1 million for the six months ended June 30, 2012, as compared to the same period in the prior year, primarily as a result of the growth in the number of tower sites owned by us, including $10.7 million from the Mobilitie acquisition, offset by the positive impact of our ground lease purchase program.
Operating income increased $23.9 million to $75.0 million for the six months ended June 30, 2012 from $51.1 million for the six months ended June 30, 2011, primarily due to higher segment operating profit in the site leasing segment and offset by increases in acquisition related expenses depreciation, accretion and amortization expense and selling, general and administrative expenses.
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