Core Insights - Iron Mountain Incorporated (IRM) reported fourth-quarter adjusted funds from operations (AFFO) per share of $1.44, exceeding the Zacks Consensus Estimate of $1.39, marking a 16.1% year-over-year increase [1][9] - The company's total quarterly revenues reached $1.84 billion, surpassing the Zacks Consensus Estimate of $1.80 billion, and reflecting a 16.6% year-over-year growth [2][3] Financial Performance - For the full year 2025, IRM's AFFO per share was $5.17, up 13.9% year over year, also beating the Zacks Consensus Estimate of $5.11 [3] - Revenues for the full year amounted to $6.90 billion, a 12.2% increase year over year, exceeding the consensus mark of $6.86 billion [3] Segment Performance - Storage rental revenues in Q4 were $1.06 billion, up 12.6% year over year [4] - Service revenues increased by 22.4% year over year to $782 million [4] - Global RIM business revenues grew 9.1% year over year to $1.37 billion [4] - Global Data Center business reported revenues of $236.7 million in Q4, rising 39.1% year over year [4] - Adjusted EBITDA rose 16.6% year over year to $705.3 million, with an unchanged adjusted EBITDA margin of 38.3% [4] Interest Expenses and Balance Sheet - Interest expenses increased by 13% year over year to $219.8 million in the quarter [5] - As of December 31, 2025, IRM had net debt of $16.39 billion, up from $16.11 billion as of September 30, 2025, with a weighted average interest rate of 5.6% [6] Dividend Announcement - Concurrently with the fourth-quarter earnings release, IRM announced a cash dividend of 86.4 cents per share for the first quarter of 2026, payable on April 3, 2026 [7] Guidance for Future Performance - For Q1 2026, Iron Mountain expects AFFO per share of $1.39 and revenues estimated at $1.855 billion [8] - For the full year 2026, the company anticipates AFFO per share between $5.69 and $5.79, with revenues projected in the range of $7.625 billion to $7.775 billion [10]

Core Insights - Iron Mountain Incorporated (IRM) reported third-quarter adjusted funds from operations (AFFO) per share of $1.32, exceeding the Zacks Consensus Estimate of $1.29, marking a year-over-year increase of 16.8% [1][9] - Total quarterly revenues reached $1.75 billion, slightly below the Zacks Consensus Estimate of $1.76 billion, but reflecting a year-over-year improvement of 12.6% [2][9] Revenue Breakdown - Storage rental revenues amounted to $1.03 billion, up 10.4% year over year, with an estimated figure of $1.04 billion [3] - Service revenues increased by 16% from the prior-year quarter to $721.2 million, surpassing the estimate of $709.6 million [3] - Global RIM business revenues grew 6.2% year over year to $1.34 billion, slightly below the estimate of $1.36 billion [3] - Global Data Center business reported revenues of $204.1 million, rising 33.2% year over year, exceeding the estimate of $192.1 million [4] Profitability Metrics - Adjusted EBITDA rose 16.2% year over year to $660.4 million, with the adjusted EBITDA margin expanding by 110 basis points to 37.6% [4] - Interest expenses increased by 12.7% year over year to $209.7 million [4] Balance Sheet Position - As of September 30, 2025, the company had $195.2 million in cash and cash equivalents, down from $218 million as of June 30, 2025 [5] - Net debt increased to $16.11 billion from $15.48 billion, with a weighted average interest rate of 5.6% and an average maturity of 4.6 years [5] Dividend Announcement - IRM announced a cash dividend of 86.4 cents per share for the fourth quarter of 2025, representing a 10% increase over the previous dividend, payable on January 6, 2026 [6][9]