SBA Communications Corporation (NASDAQ:SBAC) stock rose 1.90% (As on August 2, 11:41:21 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the second quarter of FY 22. Site leasing revenue in the second quarter of 2022 of $580.2 million was comprised of domestic site leasing revenue of $442.1 million and international site leasing revenue of $138.1 million. Domestic cash site leasing revenue in the second quarter of 2022 was $431.8 million compared to $408.3 million in the prior year period, an increase of 5.8%. International cash site leasing revenue in the second quarter of 2022 was $138.6 million compared to $106.3 million in the prior year period, an increase of 30.4%, or 27.1% on a constant currency basis. Site development revenues in the second quarter of 2022 were $71.8 million compared to $51.4 million in the prior year period, an increase of 39.5%. Adjusted EBITDA in the second quarter of 2022 was $437.8 million, a 9.4% increase over the prior year period. Adjusted EBITDA Margin in the second quarter of 2022 was 68.2% compared to 70.7% in the prior year period. Net Cash Interest Expense in the second quarter of 2022 was $82.8 million compared to $90.0 million in the prior year period, a decrease of 8.0%. AFFO in the second quarter of 2022 was $335.3 million, a 14.2% increase over the prior year period.

AAPL in the second quarter of FY 22 has reported the adjusted funds from operations per share of $3.07, beating the analysts’ estimates for the adjusted funds from operations per share of $2.98, according to Zacks Investment Research. The company had reported the adjusted revenue growth of 13.3 percent to $652 million in the second quarter of FY 22, beating the analysts’ estimates for revenue of $625.5 million.

Meanwhile, during the second quarter of 2022, SBA acquired 210 communication sites and one data center in Brazil, for total cash consideration of $127.3 million. SBA also built 100 towers during the second quarter of 2022. As of June 30, 2022, SBA owned or operated 36,297 communication sites, 17,395 of which are located in the United States and its territories and 18,902 of which are located internationally.

SBA Communications expects full-year funds from operations in the range of $11.87 to $12.24 per share, with revenue in the range of $2.56 billion to $2.6 billion.