SBA Communications Corporation (SBAC) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, and thank you all for joining today's call, SBA Third Quarter 2025 Results. Please note that today's call is being recorded, and all attendees are currently in a listen-only mode. There will be opportunity for Q&A at the end of today's call, and we will make sure to give you instructions on how to enter the question queue at that time. With that, I'd now like to formally begin today's call and introduce Mark DiRussi, Vice President of Finance. Good evening, and thank you for joining us for SBA's third quarter 2025 earnings conference call. Here with me today are Brendan Cavanaugh, our President and Chief Executive Officer, as well as Mark Montagnier, 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 2025 and beyond. In today's press release and in our SEC filings, we detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, November 3rd, and we have no obligation to update any forward-looking statement 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. And with that, I'll now turn it over to Brendan. Thank you, Mark. Good afternoon. We are pleased to share another quarter of positive financial and operational results, including industry-leading AFFO per share. We continue to see strong leasing demand in both the U.S. and international markets, and as a result, we are modestly increasing our full-year outlook for both new leasing activity and escala...