SBA Communications sees FY18 revenue $1.83B-$1.87B, consensus $1.84B
Sees FY18 adjusted EBITDA $1.279B-1.299B, consensus $1.294B. Sees FY18 AFFO per share of $7.27-$7.67. Jeffrey Stoops, President and CEO, said, "In 2017 we saw steady activity across all our markets and we executed well, with results exceeding our plan and initial guidance. We stayed fully invested, allocating capital in substantial amounts to both portfolio growth and stock repurchases. We met our portfolio growth goals, growing the portfolio by 6.5% in 2017. We have moved into 2018 with solid momentum and the opportunity to build on the momentum we have. For the first time in years, all four major U.S. wireless carriers are active and anticipated to remain active through 2018. FirstNet activity is growing and has begun to produce revenue. Our international markets are also performing well, and we view the judicial approval of the Oi reorganization in Brazil as a major positive. We are off to a fast start in terms of portfolio growth, and expect to again achieve our portfolio growth goals of 5% to 10% in 2018. We anticipate staying fully invested to our target net debt leverage range of 7.0x to 7.5x annualized adjusted EBITDA, and to do so through a mix of portfolio growth and stock repurchases. We are optimistic that the anticipated improved organic leasing activity and continued opportunistic capital allocation will keep us on track to achieving our goal of $10 or more of AFFO per share in 2020."