Iron Mountain's Q3 AFFO Beat Estimates, Revenues Rise Y/Y

Iron Mountain Incorporated (IRM) reported third-quarter 2024 adjusted funds from operations (AFFO) per share of $1.13, beating the Zacks Consensus Estimate of$1.11.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 s ...