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Should You Retain Iron Mountain (IRM) in Your Portfolio?
IRMIron Mountain(IRM) ZACKS·2024-08-15 22:41

Iron Mountain Incorporated (IRM) is well-positioned to gain from its recurring revenue business model. Also, its accretive acquisitions and data center business expansion efforts bode well. Its healthy balance sheet position is likely to support its growth endeavors. However, competition from industry peers may lead to aggressive pricing pressure and lower margins. High interest rates add to its woes. Later in July 2024, Iron Mountain reported a second-quarter 2024 adjusted fund from operations (AFFO) per s ...