SBA Communications Corporation (SBAC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, and thank you for joining the SBA first quarter 2026 results. Please note that all audio lines are in listen-only mode. There will be a Q&A session at the end of the presentation, and we'll give you instructions on how to ask the question at that time. With that, I'll turn the call over to Louis Friend, the Vice President of Finance and Capital Markets. Please go ahead. Good evening, and thank you for joining us for SBA's first quarter 2026 earnings conference call. Here with me today are Brendan Cavanaugh, our President and Chief Executive Officer, and Marc Martinier, our Chief Financial Officer. Some of the information we will discuss on this call is forward-looking, including but not limited to any guidance for 2026 and beyond. In today's press release and in our FTP filings, we detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, April 29th, and we have no obligation to update any forward-looking statements we may make. In addition, our comments will include non-GAAP financial measures and other key operating metrics. The reconciliation of and other information regarding these items can be found in our supplemental financial data package, which is located on the landing page of our investor relations website. With that, I will now turn it over to Mark to comment on the first quarter results and 2026 outlook. Thank you, Louis. Given the solid start of the year, we are increasing our full-year outlook for all key metrics, including cycle leasing revenue, tariff cash flow, adjusted EBITDA, ASFO, and ASFO per share as compared to our initial 2026 guidance. The primary drivers of these increases include high performance during our first quarter, high straight-leg revenue, and favorable foreig...