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 ...

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 ...

Iron Mountain (IRM) came out with quarterly funds from operations (FFO) of $1.10 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to FFO of $0.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 4.76%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.05 per share when it actually produced FFO of $1.11, delivering a surprise of 5.71%.Over the last four quarter ...

First Quarter 2024 IRON MOUNTAIN® Supplemental Financial Information == I III investors.ironmountain.com Table of Contents | Section I - Q1 Earnings Press Release | | | --- | --- | | Q1 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 | | Section IV - Balance Sheets, Statements of Oper ...

Iron Mountain Incorporated (IRM) is slated to release first-quarter 2024 earnings results on May 2 before the opening bell. The quarterly results are likely to display year-over-year growth in revenues and funds from operations (FFO) per share.In the last reported quarter, this real estate investment trust (REIT) delivered a surprise of 5.71% in terms of adjusted FFO (AFFO) per share. Its results reflected solid performance in the storage and service segments, and the data-center business. However, higher o ...