Iron Mountain Reports Record Third Quarter Revenue and AFFO for 2025

Reuters
Nov 05, 2025
Iron Mountain Reports Record Third Quarter Revenue and AFFO for 2025

Iron Mountain Inc. reported record results for the third quarter of 2025, with total revenue of approximately $1.8 billion, up around 14% year-over-year. Adjusted EBITDA reached about $690 million, an increase of 14%. Adjusted Funds From Operations (AFFO) for the quarter were about $415 million, up 13%, with AFFO per share at approximately $1.39, also up 12%. For the third quarter, normalized Funds From Operations (FFO) per share was $0.93, a 17.7% increase compared to the same period in 2024. Year to date, AFFO totaled $1,111.5 million, up 13.8% from the previous year, and AFFO per share was $3.73, a 13.0% increase. The Board of Directors declared a quarterly cash dividend of $0.864 per share, representing a 10% increase, payable on January 6, 2026, to shareholders of record as of December 15, 2025. The company reported strong performance across key metrics and emphasized continued execution of its growth strategy.

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