💨 Abstract

Iron Mountain, a real estate investment trust, reported a 11% increase in funds from operations (FFO) for Q3 2022, driven by strong demand for data center services. Despite economic instability, businesses are investing in data centers for AI workload management and cloud migration. Iron Mountain's revenue for the quarter was $1.56 billion, exceeding analyst expectations. The company's storage rental segment saw a 9% increase.

Courtesy: theprint.in