The Zacks Consensus Estimate for COLD's current-year FFO per share has been raised 3.6% over the past month to $1.44. Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs. The Zacks Consensus Estimate for LAMR's 2024 funds from operation (FFO) per share has moved 3.7% northward over the past two months to $8.03. Iron Mountain Incorporated (IRM) is well-positioned to gain from its recurring revenue business model. Also, its accre ...

Iron Mountain Incorporated (NYSE:IRM) Stifel 2024 Cross Sector Insight Conference June 4, 2024 10:55 AM ET Company Participants Barry Hytinen - CFO Conference Call Participants Shlomo Rosenbaum - Stifel Shlomo Rosenbaum Morning, everybody. Thank you for joining us at the Stifel 2024 Cross Sector Insight Conference. My name is Shlomo Rosenbaum. I'm the business services analyst here at Stifel, and I want to welcome Barry Hytinen, who's the CFO of Iron Mountain, who's going to be up here with me. And also Gil ...

Shares of Iron Mountain Incorporated (IRM) have gained 13.3% year to date against the industry's fall of 10.2%. This Boston, MA-based real estate investment trust (REIT) continues to benefit from its stable and resilient core storage and records management businesses, enabling it to ride the growth curve. It is likely to continue benefiting from the healthy revenue management and volume trends in the quarters ahead. The company's accretive buyouts and data center business expansion efforts are likely to hav ...

When investors talk about gains in the stock market, we usually think of high-flying growth and tech stocks. Over a long enough period, it can be the slow and steady compounders that build true wealth. If you're looking for stability, exposure to real estate and a steady dividend, then real estate investment trust (REIT) stocks might be exactly what you need in your portfolio. How can you spot a good REIT stock? Rather than using traditional price multiples for the stock, REITs are often rated by their fund ...

BlackJack3D Introduction In the U.S. (and abroad), there's a lot of demand for next-generation data management solutions, including artificial intelligence, cloud computing, and other applications. How much demand, you may ask? There's so much demand that the industry is running into power issues! The reason behind this is the accelerating demand for data centers and related activities that are part of the "new" economy. One major source of disruption is data centers. The facilities are ballooning in size a ...

However, competition from industry peers may lead to aggressive pricing pressure and lower margins, weighing on the company's profitability. High interest rates add to its woes. What's Aiding IRM? Iron Mountain Incorporated (IRM) is poised to benefit from its recurring revenue business model. Also, its accretive acquisitions and data center business expansion efforts bode well. Its healthy balance sheet position is likely to support its growth endeavors. Iron Mountain enjoys a steady stream of recurring rev ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number 1-13045 Table of Contents IRON MOUNTAIN INCORPORATED (Exact Name of Registrant as Specified in Its Charter) (State or other Jurisdicti ...

Iron Mountain Incorporated (IRM) reported first-quarter 2024 adjusted funds from operations (AFFO) per share of $1.10, beating the Zacks Consensus Estimate of $1.05.Shares of the company have lost nearly 2.5% in the initial hours of the trading session today, reflecting broader market concerns.Iron Mountain’s 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 out ...

Iron Mountain Incorporated (NYSE:IRM) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Gillian Tiltman - SVP and Head, IR William Meaney - President and CEO Barry Hytinen - EVP and CFO Conference Call Participants George Tong - Goldman Sachs Nate Crossett - BNP Brendan Lynch - Barclays Jon Atkin - RBC Alexander Hess - JPMorgan Eric Luebchow - Wells Fargo Jon Atkin - RBC Operator Good morning, and welcome to the Iron Mountain First Quarter 2024 Earnings Conference Call. [Operator ...

For the quarter ended March 2024, Iron Mountain (IRM) reported revenue of $1.48 billion, up 12.4% over the same period last year. EPS came in at $1.10, compared to $0.42 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.46 billion, representing a surprise of +0.97%. The company delivered an EPS surprise of +4.76%, with the consensus EPS estimate being $1.05.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...