UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934.
Date of Report May 10, 2001
SBA COMMUNICATIONS CORPORATION
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(Exact name of registrant as specified in its charter)
Florida 000-30110 65-0716501
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(State or other jurisdiction of Commission File Number (I.R.S. Employer
incorporation or organization) Identification No.)
One Town Center Road, Boca Raton, Florida 33486
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(Address of principal executive offices) (Zip code)
(561) 995-7670
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(Registrant's telephone number, including area code)
Item 9 Other Information
SBA Communications Corporation ("SBA") provided today the
following additional operational information at a meeting that
was held for a group of lenders interested in participating in
the Company's $300.0 million senior secured credit facility.
o New build lease-up history as of March 31, 2001:
Age In Number of Annualized Tower
Months Towers Tenants Cash Flow
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36 - 48 37 2.7 $36,382
24 - 36 342 2.5 31,591
12 - 24 495 1.9 22,156
0 - 12 850 1.1 8,322
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1,724 $17,512 (average)
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o Tower portfolio statistics as of March 31, 2001:
o Average cost per tower $300,000
o New builds 1,724 - average cost $260,000
o Acquired towers 1,115 - average cost $379,000
o Remaining capacity 65%
o Average age of new builds. 14.5 months
o As of March 31, 2001 the average monthly rent/tenant was $1,119.
o Total number of tenants at March 31, 2001 was 6,425.
o Annualized revenue per tower as of March 31, 2001 was approximately
$30,400.
o Services backlog at March 31, 2001 was approximately 67 million.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
May 10, 2001 /s/ Pamela J. Kline
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Pamela J. Kline
Chief Accounting Officer