05:00 AM EDT, 05/05/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $8 to $102 on a forward P/FFO of 28.4x our 2025 FFO estimate, a premium to its three-year average (23.2x) due to data center tailwinds, increased pricing, and improving fundamentals within asset lifecycle management (ALM). We increase our 2025 FFO estimate by $0.04 to $3.59 and increase 2026's by $0.19 to $4.01. We continue to see IRM well-positioned to expand its data center footprint in geographically attractive markets (Northern Virginia/Richmond, Chicago, Arizona). Management maintained its 125 MW deployment goal for 2025, but noted that leasing activity has slowed in recent quarters (deployment likely to be H2 2025-loaded). Enterprise co-location sales continue to perform well, but hyperscale deals have slowed Q/Q and power scarcity remains its competitive advantage. We believe ALM pricing may decelerate through Q3 2025 and note that management's revised pricing estimates are much more conservative.