Iron Mountain Q3 Adjusted Funds From Operations, Revenue Rise; Raises 2026 Outlook

07:25 AM EST, 11/05/2026 (MT Newswires) -- Iron Mountain (IRM) reported Q3 adjusted funds from operations Thursday of $1.53 per share, up from $1.32 a year earlier. Analysts polled by FactSet expected $1.48. Revenue for the quarter ended Sept. 30 was $1.99 billion, compared with $1.75 billion a year earlier. Analysts expected $1.99 billion. For Q4, the real estate investment trust expects adjusted FFO of around $1.57 per share on revenue of about $2.03 billion. Analysts expect $1.57 and $2.05 billion, respectively. For 2026, the company expects adjusted FFO per share of $5.94 to $6.00, compared with its prior outlook of $5.87 to $5.93. Analysts are looking for $5.92. Revenue for the full year is now projected between $7.95 billion and $8.02 billion, compared with prior guidance of $7.94 billion to $8.01 billion. Analysts are looking for $8.04 billion. The company raised its quarterly dividend by 15% to $0.993 per share, payable on Jan. 6, 2027, to shareholders of record as of Dec. 15. Shares of the company were down 4.4% in Thursday's premarket activity.