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PRESS RELEASE :: FINANCIAL SBA > FOR IMMEDIATE RELEASE SBA Communications Corporation Reports First Quarter 2021 Results ; Updates Full Year 2021 Outlook ; and Declares Quarterly Cash Dividend Boca Raton , Florida , April 26 , 2021 ( BUSINESS NEWSWIRE ) -- SBA Communications Corporation ( Nasdaq : SBAC ) ( " SBA " or the " Company " ) today reported results for the quarter ended March 31 , 2021 . Highlights of the first quarter include : • • • • Net loss of $ 11.7 million or $ ( 0.11 ) per share including a $ 57.0 million loss , net of taxes , on currency- related remeasurement of intercompany loans AFFO per share growth of 16.2 % over the year earlier period on a constant currency basis Signed a new global leasing agreement with Verizon subsequent to quarter end Repurchased 0.7 million shares at an average price per share of $ 258.33 In addition , the Company announced today that its Board of Directors has declared a quarterly cash dividend of $ 0.58 per share of the Company's Class A Common Stock . The distribution is payable June 15 , 2021 to the shareholders of record at the close of business on May 20 , 2021 . " We had a strong start to 2021 , ” commented Jeffrey A. Stoops , President and Chief Executive Officer . " We produced very solid year - over - year growth in AFFO per share while operationally executing at a very high level . We had several notable accomplishments since the start of the year , including the closing of our exciting PG & E acquisition , the completion of the lowest cost unsecured senior notes offering in our history , and the execution of new master agreements with both Verizon Wireless and Dish . Our new agreement with Verizon cements SBA as a key partner to Verizon in the deployment of their new C - Band spectrum for the build out of their nationwide 5G network , while also extending the committed terms under SBA's existing Verizon lease agreements . With the completion of the C - Band spectrum auction during the first quarter and the stated network plans of our largest customers , we had a very strong first quarter in our services business , while seeing substantial growth in our backlog of both services business and new lease and amendment applications . This increasing activity level has allowed us to increase our 2021 full year services outlook and gives us tremendous confidence in increased organic leasing growth over the next couple of years . We believe the future is very bright , and we are excited to support our customers in the advancement of wireless networks across all of our markets . The favorable operational environment , low cost of capital and opportunistic allocation of capital into both quality new assets and stock repurchases , should allow us to continue to produce material growth in AFFO per share and total shareholder return . "