Recent Updates — IRM
Iron Mountain reported second quarter 2026 results with total revenues of $2.0 billion, an 18.5% increase year-over-year, and net income of $106 million compared to a loss in the prior period. Adjusted EBITDA rose 15.7% to $727 million, while AFFO per share increased 16% to $1.44. The company announced an increase to its full year 2026 guidance for revenue, adjusted EBITDA, and AFFO based on strong operational performance. Additionally, the Board declared a quarterly cash dividend of $0.864 per share payable October 2, 2026, to shareholders of record as of September 15, 2026. Iron Mountain operates in the information management services industry, providing records storage, data center solutions, and asset lifecycle management.
Iron Mountain Incorporated completed a private offering of $1,500,000,000 in 6.250% Senior Notes due 2035, generating approximately $1,481.8 million in net proceeds. The company intends to use the net proceeds to repay part or all of its revolving credit facility and pay related fees, with any remaining funds for general corporate purposes. Iron Mountain Incorporated is an information management and data storage company.
Iron Mountain Incorporated has filed an updated description of the material United States federal income tax considerations regarding its qualification as a real estate investment trust and the taxation of its stock. This new disclosure replaces and supersedes all prior descriptions of the company's federal income tax treatment to the extent of any inconsistencies.