Iron Mountain's (IRM) Q2 AFFO Beat Estimates, Revenues Rise Y/Y

Iron Mountain Incorporated (IRM) reported second-quarter 2024 adjusted funds from operations (AFFO) per share of $1.08, beating the Zacks Consensus Estimate of$1.06. Reflecting positive sentiments, shares of Iron Mountain have gained nearly 5% in the initial hours of the trading session today. The 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 20 ...