Iron Mountain's third-quarter AFFO per share reached $1.32, outperforming expectations and marking a 16.8% year-over-year increase, despite total revenues of $1.75 billion falling slightly below estimates. The firm's revenue growth was buoyed by strong performance in storage rental and service sectors, which rose 10.4% and 16% respectively. Although the company faces a recent 19.5% pullback in share price, market analysts remain divided, with positive future projections highlighting its potential growth in the data centers sector.
“Iron Mountain · reported · third-quarter AFFO per share · $1.32”
“Iron Mountain · beat · Zacks Consensus Estimate of AFFO per share · $1.29”
“Iron Mountain · jumped · AFFO per share year over year · 16.8%”
“Iron Mountain · reported · total quarterly revenues · $1.75 billion”
“Iron Mountain · missed · Zacks Consensus Estimate of revenues · $1.76 billion”
“Iron Mountain · improved · total quarterly revenues year over year · 12.6%”
“Iron Mountain · reported · storage rental revenues · $1.03 billion”
“Iron Mountain · increased · storage rental revenues year over year · 10.4%”
“Iron Mountain · reported · service revenues · $721.2 million”
“Iron Mountain · increased · service revenues year over year · 16%”
“Iron Mountain · reported · Global RIM business revenues · $1.34 billion”
“Iron Mountain · grew · Global RIM business revenues year over year · 6.2%”
