IRM posts record Q2 results with 14.8% AFFO growth and raises the 2025 outlook as all business segments outperform expectations.
The headline numbers for Iron Mountain (IRM) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Iron Mountain (IRM) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $0.42 per share a year ago.
IRM's Q2 earnings are expected to have been hurt by shifts in data storage through non-paper-based technologies despite solid data center demand.
Beyond analysts' top-and-bottom-line estimates for Iron Mountain (IRM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2025.
Increased demand for risk mitigation, cost reduction and productivity improvement solutions will likely help the Zacks Business - Information Services industry prosper. IRM, TRU and UCL are well-positioned to benefit from this surge.
With the Federal Reserve eyeing inflation and pausing cuts, interest rate-sensitive sectors have faced challenges. Real estate's 1.57% gain in 2025 has been the fourth-worst year-to-date performance of the S&P 500's 11 sectors, trailing only energy (0.55%), consumer discretionary (-2.18%), and healthcare (-2.41%).
Stable core storage and records management business, data center expansions and a healthy balance sheet are likely to support IRM.
IRM starts the $140M Treasury digitization project and eyes a five-year federal contract with a broader scope and integration.
IRM jumps 22.5% in 3 months as recurring revenues, data center growth and capital strategy boost momentum.
IRM is set to gain from healthy revenue management and volume trends in the storage business and focus on data centers. Strategic buyouts aid organic growth.
IRM's well diversified prospects as a physical and digital storage provider has paid off handsomely, as observed in its blended organic growth rate of +11% YoY. This is especially relevant since market leaders have already signaled the durability of the data center spending boom, with the segment remaining a top/bottom-line growth driver. This is significantly aided by the legacy Global RIM business, with an organic growth rate of +5.5% YoY and a weighted average lease expiration of 10.6 years.