Iron Mountain's (IRM) Q1 AFFO Beat Estimates, Revenues Rise Y/Y

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 ...