Advertisements – Advertising at The News And Times – advertising-newsandtimes.com | WE CONNECT!

Audio | Video | Top News | On Twitter | Security | FBI | Capitol Riot | JOSSICA | Trump | Russia | Putin | Russia – Ukraine War | Covid-19 | Brooklyn NY | Puerto Rico | World 

My News Links

August 16, 2022 6:59 pm

The News And Times | Featured Posts | All Articles | Current News | Selected Articles | Shared Links | Opinions | In My Opinion | Sites | Blogs | Links | Twitter | Facebook

Categories
Current News

Iron Mountain: Q2 Earnings Snapshot

Advertisements - Advertising at The News And Times - advertising-newsandtimes.com | WE CONNECT!
Spread the news

Listen to this article

BOSTON (AP) _ Iron Mountain Inc. (IRM) on Thursday reported a key measure of profitability in its second quarter. The results exceeded Wall Street expectations.

Advertisements - Advertising at The News And Times - advertising-newsandtimes.com | WE CONNECT!

The real estate investment trust, based in Boston, said it had funds from operations of $270.9 million, or 93 cents per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 92 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $200.1 million, or 68 cents per share.

The real estate investment trust, based in Boston, posted revenue of $1.29 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.3 billion.

Iron Mountain expects full-year funds from operations in the range of $3.70 to $3.82 per share, with revenue in the range of $5.13 billion to $5.28 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRM at https://www.zacks.com/ap/IRM


Spread the news
Advertisements - Advertising at The News And Times - advertising-newsandtimes.com | WE CONNECT!
WP Radio
WP Radio
OFFLINE LIVE