07:47 AM EDT, 08/01/2024 (MT Newswires) -- Iron Mountain (IRM) reported Q2 adjusted funds from operations Thursday of $1.08 per share, up from $0.98 a year earlier.

Three analysts polled by Capital IQ expected $1.06.

Revenue for the quarter ended June 30 was $1.53 billion, up from $1.36 billion a year earlier.

Analysts polled by Capital IQ expected $1.50 billion.

For full year 2024, the company said it continues to expect adjusted FFO of $4.39 to $4.51 per share on revenue in the range of $6.0 billion to $6.15 billion. Analysts polled by Capital IQ expect an adjusted FFO of $4.45 per share on revenue of $6.10 billion.

Additionally, the company increased its quarterly dividend to $0.715 per share from $0.65, payable Oct. 3 to shareholders of record on Sept. 16.

Price: 103.00, Change: +0.44, Percent Change: +0.43