PORTSMOUTH, N.H. (AP) — PORTSMOUTH, N.H. (AP) — Iron Mountain Inc. (IRM) on Wednesday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.
The Portsmouth, New Hampshire-based real estate investment trust said it had funds from operations of $332 million, or $1.13 per share, in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of $1.11 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 a loss of $33.6 million, or 11 cents per share.
The real estate investment trust, based in Portsmouth, New Hampshire, posted revenue of $1.56 billion in the period, which matched Street forecasts.
Iron Mountain expects full-year funds from operations in the range of $4.39 to $4.51 per share.
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