Iron Mountain's (IRM) Q4 AFFO Beat Estimates, Revenues Rise Y/Y

Iron Mountain Incorporated (IRM) reported fourth-quarter adjusted funds from operations (AFFO) per share of $1.11 cents, beating the Zacks Consensus Estimate of$1.05.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 created a headwind. The company issued its outlook for 2024.Quarterly total revenues of $1.42 billion lagged the Zacks Consensus Estimate of$1.44 billion.On a year-over-year basi ...