Specialized REIT firm Iron Mountain Inc (NYSE: IRM) reported fourth-quarter fiscal 2023 revenue growth of 11% year-on-year to $1.42 billion, missing the consensus estimate of $1.45 billion.
Storage rental revenue grew 13% Y/Y to $871 million. Service revenue rose 8% Y/Y to $549 million.
The adjusted EBITDA margin expanded by 60 bps to 35.1%.
Adjusted EPS was $0.52. Adjusted FFO per share improved by 9% Y/Y to $1.07, …
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