Discontinued — last reported Q2 '23
Storage Rental, Power and Connectivity — Storage rental
Iron Mountain Storage Rental, Power and Connectivity — Storage rental decreased by 4.9% to $38.69M in Q2 2023 compared to the prior quarter. Year-over-year, this metric grew by 26.0%, from $30.71M to $38.69M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates growth in the company's core storage footprint or successful price realization, while a decrease may signal client churn or reduced demand for physical and digital storage capacity.
Detailed definition
This metric represents the recurring revenue generated from the leasing of physical and digital storage space, including...
Peer comparison
Comparable to recurring storage or leasing revenue in other REITs or data center operators, where high occupancy and long-term contract renewals are key performance indicators.
irm_segment_storage_rental_power_and_connectivity_storage_rentalHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $15.55M | $15.55M | $15.55M | $28.32M | $30.71M | $40.67M | $38.69M |
| QoQ Change | — | +0.0% | +0.0% | +82.2% | +8.5% | +32.4% | -4.9% |
| YoY Change | — | — | — | — | +97.6% | +43.6% | +26.0% |
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Frequently Asked Questions
- What is Iron Mountain's storage rental, power and connectivity — storage rental?
- Iron Mountain (IRM) reported storage rental, power and connectivity — storage rental of $38.69M in Q2 2023.
- How has Iron Mountain's storage rental, power and connectivity — storage rental changed year-over-year?
- Iron Mountain's storage rental, power and connectivity — storage rental increased by 26.0% year-over-year, from $30.71M to $38.69M.
- What does storage rental, power and connectivity — storage rental mean?
- Revenue earned from leasing storage space and providing essential power and connectivity services to clients.