Record Financial Performance
Iron Mountain reported record quarterly revenue of $1.8 billion, a 13% increase, with adjusted EBITDA growing 16% to $660 million and AFFO increasing 18% to $393 million.
Data Center Growth
Data center revenue increased by 33% in Q3, with a strong outlook for 25% growth in 2026 based on signed leases. A key hyperscaler leased the entire 36-megawatt Chicago site.
Asset Life Cycle Management Expansion
ALM business reported 65% revenue growth, with 36% organic growth, driven by existing and new customer business. Recent acquisitions contributed to this performance.
Dividend Increase
The Board of Directors authorized a 10% increase in the quarterly dividend, marking the fourth consecutive year of dividend growth.
New Contracts and Commercial Wins
Iron Mountain secured a $714 million 5-year contract with the U.S. Department of Treasury and other significant commercial wins in Europe and the public sector.