Why Iron Mountain Stock Surged 16.5% in February
Iron Mountain(IRM) The Motley Fool·2024-03-06 03:01
Shares of Iron Mountain (IRM -0.01%) soared 16.5% in February, according to data provided by S&P Global Market Intelligence. Driving up the real estate investment trust (REIT) was its strong fourth-quarter results and bullish outlook for 2024. Project Matterhorn is paying dividendsIron Mountain reported quarterly and full-year records for revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) last month. Revenue grew 7% for the year to nearly $5.5 billion, while adjust ...