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News Breaks
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August 2, 2011
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| 09:15 EDT |  | IRM |
| theflyonthewall.com: | Iron Mountain completes $250M prepaid variable share repurchase program | | Iron Mountain announced that both of its prepaid variable share repurchase agreements have settled and that 7.5M shares have been delivered to the company and will be retired. This is another significant step towards the company's commitment to return $2.2B to shareholders through 2013 with $1.2B coming in the first year through May 2012. The shares were purchased over the three-month life of the agreements, originally entered into on May 3, at an average price of $33.16 per share for an aggregate total of $250M. Through July 29, the company has repurchased an aggregate of 12.7M shares for a total cost of approximately $372M over the life of its repurchase program, which began in 1Q10. The company has approximately $828M remaining under the existing authorization for future share repurchases as of July 29. :theflyonthewall.com |
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May 20, 2012
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| 09:53 EDT |  | IRM |
| theflyonthewall.com: | Candidates for future REIT conversion offer upside for investors, Barron's says | | REITs, or real-estate investment trusts, aided by investors' rabid appetite for income-producing investments, consistently have trumped the broad market. With investors willing to pay up for stocks that generate income, more companies -- even prison operators -- are considering becoming real-estate investment trusts, Barron's reports. A wide variety of companies are candidates to become REITs, which generally. but not always, have turned in better stock-market performances in recent years. Candidates for future REIT conversion: Cincinnati Bell (CBB), Corrections Corp. of America (CXW), Crown Castle (CCI), Equinix (EQIX), GEO Group (GEO), Iron Mountain (IRM), SBA Communications (SBAC), W.P. Carey (WPC). Reference Link :theflyonthewall.com |
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