Investing.com — Real estate investment trust SBA Communications Corp (NASDAQ) reported its most recent quarter ending Monday.

Adjusted funds from operations (AFFO), which the company reported at $2.96, was revenue of $619.7million, as compared with $548.7 million for the previous-year period. According to analysts polled Investing.comRevenues expected to reach $603.51 millions

The net income for the quarter ended January 3, 2013, or $1.72 per Share.

The company paid a cash dividend of 71% per share on its Class A Common stock.

“We are off to a very strong start to 2022,” commented Jeffrey Stoops, President and Chief Executive Officer. “We produced double-digit growth in AFFO per share while operationally executing at a very high level. We have multiple options for creating shareholder value by leveraging our cash flows.

REIT anticipates total 2022 revenues between $2.49 and $2.53 Billion, with AFFO per Share between $11.72 to $12.09.