Iron Mountain Beats on Q1 FFO, Lags on Revenues, Raises '25 View

Iron Mountain Incorporated (IRM) reported first-quarter adjusted funds from operations (AFFO) per share of $1.17, beating the Zacks Consensus Estimate of$1.16. This figure jumped 6.4% year over year.Reflecting investors’ positive sentiments, shares of the company gained more than 1.66% during the initial hours of today’s trading session. Iron Mountain’s results reflect solid performances across all segments, including the storage, service, global RIM and data center business. However, higher interest expen ...