Iron Mountain reports record Q1 revenue $1.25B; raises data center leasing target to 130MW

IRON MOUNTAIN INC

2022-Q1 EPS reported $0.14 revenue$1,248,046,000

Total revenue $1.248B (+15% YoY); Adjusted EBITDA $431M (+13%); AFFO $0.91/share (+11%).
Data center leased 35 MW in Q1; post-quarter closed a 72 MW lease in Northern Virginia.
Full-year data center leasing guidance raised from 50 MW to 130 MW.
Quarterly dividend declared $0.6185/share, payable July 6, 2022 to holders of record June 15.
Full-year 2022 guidance affirmed: revenue $5,125-$5,275M; AFFO per share $3.70-$3.82.

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