Iron Mountain's Q3 AFFO Beat Estimates, Revenues Rise Y/Y [Yahoo! Finance]
Iron Mountain Incorporated (Delaware)Common Stock REIT (IRM)
Last iron mountain incorporated (delaware)common stock reit earnings: 2/13 06:00 am
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investors.ironmountain.com/company/for-investors/investors-overview/default.aspx
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Source: Yahoo! Finance
Results reflect solid performances in the storage and service segments and the data center business. However, higher interest expenses in the quarter acted as a dampener. The company reaffirmed its outlook for 2024. Quarterly total revenues of $1.56 billion surpassed the Zacks Consensus Estimate by just 0.06%. On a year-over-year basis, AFFO per share and total revenues increased 10.8% and 12.2%, respectively. According to William L. Meaney, president and CEO of Iron Mountain, “We are pleased to report a very strong third quarter and continued strong momentum in the second half of 2024, resulting in all-time record Revenue, Adjusted EBITDA, and AFFO.” Storage rental revenues were $935.7 million in the third quarter, up 9% year over year. We had estimated quarterly storage rental revenues to be $935.6 million. Service revenues increased 17.4% from the prior-year quarter to $621.7 million. The Global Data Center business reported revenues of $153.2 million in the third quar
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- Iron Mountain Incorporated (NYSE: IRM) had its price target lowered by analysts at Barclays PLC from $133.00 to $131.00. They now have an "overweight" rating on the stock.MarketBeat
- Key Reasons to Add Iron Mountain Stock to Your Portfolio Now [Yahoo! Finance]Yahoo! Finance
IRM
Earnings
- 11/6/24 - Miss
IRM
Sec Filings
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- 11/12/24 - Form 4
- 11/12/24 - Form 144
- IRM's page on the SEC website