Profile
Sector:
Real EstateIndustry:
SpecialtyCountry:
United StatesIPO:
01 February 1996Website:
http://www.ironmountain.comNext earnings report:
21 February 2025Last dividends:
16 September 2024Next dividends:
16 December 2024Price
regular market | 6 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
IRM Latest News
IRM acquires data center development sites in Richmond, VA and Manassas, VA, to strengthen its global data center portfolio.
Iron Mountain, a leading company in information management services, has purchased two data center development sites in Virginia to enhance its growth in the data center market. This acquisition adds over 100 acres to their portfolio and is expected to provide more than 350 megawatts of future capacity. As a result, the company's total data center capacity will significantly increase.
Iron Mountain Incorporated (NYSE:IRM) will be participating in the JPMorgan Ultimate Services Investor Conference on November 14, 2024, at 1:50 PM ET. The company's Chief Financial Officer, Barry Hytinen, will be present. Alex Hess from JPMorgan, part of the equity research team, will also be joining the call.
IRM is expected to benefit from strong cash flows generated by its storage and records management services, the growth of its data center operations, and a solid financial position.
To be a successful investor, you need to think more deeply than just using basic formulas, as Howard Marks explains in "The Most Important Thing." Iron Mountain has changed from document storage to cloud storage and saw great returns, but its stock is now too high-priced, so it's a good time to sell. On the other hand, Sun Communities is undergoing changes in management and structure, making it a good buying opportunity with the possibility of 30% annual returns, even though its earnings may drop in the short term.
IRM's results for the third quarter show an increase in revenue and adjusted EBITDA compared to the same period last year.
IRM's Q3 results show an increase in revenues compared to last year, supported by strong performance in storage, services, and the data-center sector.
While the revenue and earnings per share (EPS) for Iron Mountain (IRM) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Iron Mountain (IRM) reported quarterly funds from operations (FFO) of $1.13 per share, which is higher than the Zacks Consensus Estimate of $1.11 per share. This is an increase compared to last year's FFO of $0.99 per share.
IRM's results for the third quarter are expected to demonstrate strong performance in their main storage and record management sectors, along with steady demand for data centers, even with increased interest costs.
What type of business is Iron Mountain Incorporated?
Iron Mountain Incorporated is an American company that provides services for managing and storing corporate information. The company was founded in 1951 and is headquartered in Boston, Massachusetts. Since 2014, it has been organized and operates as a REIT. Iron Mountain Incorporated provides storage of physical records, processing and disposal of confidential documents, storage and rotation of backup computer media within corporate disaster recovery plans, offers server and computer backup services, shredding of confidential documents, provides corporate-class data processing centers to protect critical information, and delivers physical media of all types.
What sector is Iron Mountain Incorporated in?
Iron Mountain Incorporated is in the Real Estate sector
What industry is Iron Mountain Incorporated in?
Iron Mountain Incorporated is in the Specialty industry
What country is Iron Mountain Incorporated from?
Iron Mountain Incorporated is headquartered in United States
When did Iron Mountain Incorporated go public?
Iron Mountain Incorporated initial public offering (IPO) was on 01 February 1996
What is Iron Mountain Incorporated website?
https://www.ironmountain.com
Is Iron Mountain Incorporated in the S&P 500?
Yes, Iron Mountain Incorporated is included in the S&P 500 index
Is Iron Mountain Incorporated in the NASDAQ 100?
No, Iron Mountain Incorporated is not included in the NASDAQ 100 index
Is Iron Mountain Incorporated in the Dow Jones?
No, Iron Mountain Incorporated is not included in the Dow Jones index
When was Iron Mountain Incorporated the previous earnings report?
No data
When does Iron Mountain Incorporated earnings report?
The next expected earnings date for Iron Mountain Incorporated is 21 February 2025