Iron Mountain falls as fourth quarter revenue miss estimates

Iron Mountain

13/02/2025 15:04

** Shares of real estate investment trust Iron Mountain
 IRM.N  fall 2% to $100.80 in early trading
    ** IRM posts fourth quarter revenue of $1.58 billion,
compared with estimates of $1.60 billion - LSEG
    ** Co expects full-year 2025 revenue to be between $6.65 bln
and $6.80 bln, midpoint of which is slightly below analysts'
average estimate of $6.77 bln
    ** Co's fourth-quarter adjusted funds from operations (FFO)
rise 12% to  $1.24 per share, compared with $1.11 a year ago
    ** In 2024, the shares of the company rose 50.2%

 (Reporting by Kritika Lamba in Bengaluru)
 ((Kritika.Lamba@thomsonreuters.com))