Iron Mountain Beats on Q4 FFO, Lags on Revenues, Hikes Dividend

Iron Mountain Incorporated (IRM) reported fourth-quarter adjusted funds from operations (AFFO) per share of $1.24, beating the Zacks Consensus Estimate of$1.20. This figure jumped 11.7% year over year.See the Zacks Earnings Calendar to stay ahead of market-making news.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 undermined the performance to an extent. The company issued its outlook for ...