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PRESS RELEASE :: FINANCIAL Boca Raton , Florida , August 2 , 2021 ( BUSINESS NEWSWIRE ) SBA Communications Corporation ( Nasdaq : SBAC ) ( " SBA " or the " Company " ) today reported results for the quarter ended June 2021 . Highlights of the second quarter include : Net income of $ 152.7 million or $ 1.37 per share ● SBA ) FOR IMMEDIATE RELEASE SBA Communications Corporation Reports Second Quarter 2021 Results ; Updates Full Year 2021 Outlook ; and Declares Quarterly Cash Dividend ● AFFO per share growth of 15.3 % over the prior year period Total revenue of $ 575.5 million Issued $ 1.165 billion of Tower Securities at an interest rate of 1.631 % Completed extension and expansion of $ 1.5 billion Revolving Credit Facility subsequent to quarter end 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 September 23 , 2021 to the shareholders of record at the close of business on August 26 , 2021 . " Our second - quarter performance was our best in quite some time , " stated Jeffrey Stoops , President and CEO . " US wireless carrier activity increased substantially in the quarter . Domestically , we produced record services revenue , we had the highest revenue added per tower based on signed leases and amendments since 2014 , and our leasing and services backlogs were at multi - year highs at quarter end . While this increased leasing activity will benefit our reported 2021 revenue , the majority of the incremental revenue will begin to be recognized in 2022 . Based on our backlogs and conversations with our customers , we expect elevated leasing activities to continue through 2022 and perhaps beyond . All of our US wireless carrier customers are actively engaged in building out their 5G networks and we are committed and have the resources to help them achieve their goals . Internationally , our second quarter leasing results improved over the first quarter , even though a number of our international markets have not yet returned to pre - pandemic levels of activity . The highlight of our second quarter international activities was the announcement of our entry into Tanzania with a proven partner and a very favorable price of entry . We are confident that our Tanzania investment will create additional shareholder value . Including our Tanzanian investment , we expect to easily reach our portfolio growth goals of a minimum of 5 % this year . In addition to growth from increased customer activity and portfolio growth , sound cost controls and interest rate savings have allowed us to produce second quarter AFFO per share in excess of our expectations and further allowed us to increase our full - year outlook for AFFO per share and other key financial metrics . Our balance sheet remains strong and our net debt / Adjusted EBITDA leverage is back within our target range ahead of schedule . The combination of strong operating results , strong expected demand for the remainder of the year , and excellent capital allocation and balance sheet management gives us great confidence for the remainder of 2021. "