Iron Mountain reported record revenue, though it fell short of expectations, highlighting both growth and challenges in its strategic transition.Iron Mountain (IRM -3.28%), a leader in records management and data protection, revealed its fourth quarter results for 2024 on February 13.The earnings release highlighted a record revenue of $1.58 billion, an 11.3% increase from the previous year. Despite this growth, it missed Wall Street's fourth-quarter revenue estimates of $1.6 billion. The company's Adjusted ...

IRON MOUNTAIN® Supplemental Financial Information investors.ironmountain.com Table of Contents | Section I - Q4 Earnings Press Release | | | --- | --- | | Q4 2024 Earnings Press Release | 3 | | Section II - Financial Highlights and Organic Growth | | | Financial and Operating Highlights | 6 | | Organic Revenue Growth | 7 | | Section III - Operational Metrics | | | Global Storage Volume | 8 | | Quarterly Operating Performance | 9 | | Full Year Operating Performance | 10 | | Section IV - Balance Sheets, State ...

Iron Mountain Incorporated (IRM) is slated to release fourth-quarter and full-year 2024 results on Feb. 13, before the opening bell. The quarterly results are likely to display year-over-year growth in revenues and adjusted funds from operations (AFFO) per share.See the Zacks Earnings Calendar to stay ahead of market-making news.In the last reported quarter, this real estate investment trust (REIT) delivered a surprise of 1.80% in terms of AFFO per share. Results reflected solid performances in the storage ...

In its upcoming report, Iron Mountain (IRM) is predicted by Wall Street analysts to post quarterly earnings of $1.20 per share, reflecting an increase of 130.8% compared to the same period last year. Revenues are forecasted to be $1.6 billion, representing a year-over-year increase of 12.5%.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a compan ...

Shares of Iron Mountain Incorporated (IRM) have rallied 11.6% in the past six months, against the industry’s fall of 3.1%.Iron Mountain boasts a stable and resilient core storage and records management business. A recurring revenue business model and a well-diversified tenant base assure steady cash flows. The company’s accretive buyouts and expansion efforts toward fast-growing businesses, like that of the data center, bode well for growth. A healthy balance sheet is likely to support the company’s growth ...

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After experiencing a solid run in earlier months and hitting a 52-week high in late October, Iron Mountain Incorporated (IRM) shares have experienced a downturn, declining 10.5% in the past three months and closing at $103.21 on Wednesday on the NYSE. Over the same period, the stock has underperformed not only the Zacks REIT and Equity Trust - Other industry but also the S&P 500 composite.The latest indications from the Federal Reserve of lesser rate cuts in the upcoming year have significantly impacted the ...

I rate Iron Mountain Incorporated (NYSE: IRM ) as a “Hold,” for REIT investors looking for long-term buy and hold investments. The most important factors that influence my opinion of the REIT are:David A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as hedge funds and private credit. With over 30 ye ...

Iron Mountain Incorporated (NYSE:IRM) Barclays 22nd Annual Global Technology Conference Call December 11, 2024 11:05 AM ET Company Participants Barry Hytinen - Executive Vice President and Chief Financial Officer Conference Call Participants Brendan Lynch - Barclays Brendan Lynch Good morning, everyone. My name is Brendan Lynch. I cover REITs here at Barclays. Very pleased to be joined by Barry Hytinen, CFO of Iron Mountain. Barry, thank you for doing this with us. Barry Hytinen Thank you, Brendan. It's gre ...

To enhance rapid growth within the data center market, Iron Mountain Incorporated (IRM) recently acquired two data center development sites in Virginia. The company secured a 66-acre development site in Richmond, VA, for a new campus with more than 200 megawatts (MW) of expected capacity. This campus, to be situated at the White Oak Technology Park in Henrico County, will be ideally designed to meet the needs of highly regulated customers. It also acquired a 40-acre development site in Manassas, VA, for two ...