04:35 PM EDT, 07/29/2024 (MT Newswires) -- SBA Communications ( SBAC ) reported Q2 adjusted funds from operations late Monday of $3.29 per share, up from $3.24 a year earlier.

Analysts polled by Capital IQ forecast $3.28.

Revenue for the quarter ended June 30 was $660.5 million, down from $678.5 million a year earlier.

Analysts surveyed by Capital IQ projected $667.7 million.

The company said it now expects a full-year 2024 AFFO of $13.06 to $13.43 per share against a previous guidance of $13.09 to $13.46 per share. Analysts polled by Capital IQ expect $13.24.

Revenue for the year is now projected to be in the range of $2.64 billion to $2.67 billion compared with a previous guidance of $2.66 billion to $2.7 billion. Analysts surveyed by Capital IQ expect $2.67 billion.

The company said its board kept the quarterly dividend at $0.98 per share, payable Sept. 18 to shareholders of record on Aug. 22.