08:57 AM EDT, 05/02/2024 (MT Newswires) -- Iron Mountain (IRM) reported Q1 adjusted funds from operations Thursday of $1.10 per share, up from $1.01 a year earlier.

An analyst polled by Capital IQ expected $1.05.

Revenue for the quarter ended March 31 was $1.48 billion, up from $1.31 billion a year earlier.

Four analysts surveyed by Capital IQ expected $1.45 billion.

For full year 2024, the company said it continues to expect adjusted FFO of $4.39 to $4.51 per share while revenue is estimated to be in the range of $6.0 billion to $6.15 billion. Analysts polled by Capital IQ expect an adjusted FFO of $4.41 per share on revenue of $6.10 billion.

The company also said its board maintained a cash dividend of $0.65 per share, payable on July 5 to shareholders as of June 17.

Shares of the data center operator and IT services provider were down 1.4% in recent premarket activity.

Price: 77.00, Change: -1.10, Percent Change: -1.41