Benchmark Concludes SBA Communications Corporation Results In-Line for 1Q12

According to a research report this morning, Benchmark reported 1Q12 Results for SBA Communications

to be just what they expected, thus allowing Benchmark to maintain its $60 PT and Buy rating. Benchmark continued, “SBA reported 1Q12 results that matched expectations and updated its guidance for the acquisition of Mobilitie. SBA expects to sell the distributed antenna system (DAS) assets of Mobilitie before the end of 2Q12 and excluded those systems from the 2012 outlook. Proforma, the outlook matched our estimates.” SBA Communications closed yesterday at $53.79.