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0.00116185290280321 0.00281666588280782 0.00277311817280774 0.00281666588280782 -0.00933314520722616 0.00316504756280885 -0.00301872725720853 -0.00328001351720915
Stock impact report

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 Check Earnings Report
Company Research 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 Show less Read more
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