IRM · 8-K · 20260805PR000068

Capital Expenditures

IRON MOUNTAIN INC · 2026-08-05 · Importance 29 · Surprise 22

Recurring capital expenditures were $38.0 million in Q2 2026, up 9.2% from $34.8 million in Q2 2025 and 7.7% sequentially from $35.3 million in Q1 2026. Year-to-date recurring capital expenditures totaled $73.3 million, an increase of 16.5% from $62.9 million in the prior-year period. Q2 AFFO was $432.7 million after deducting recurring capital expenditures, up 17.0% year over year. Year-to-date AFFO reached $858.8 million, up 19.6% year over year after the $73.3 million of recurring capital expenditures.

Key facts

• Year-to-date recurring capital expenditures through 6/30/2026: $73,268 thousand source
• Property, plant and equipment, net as of 6/30/2026: $10,269,821 thousand source
• Recurring capital expenditures in Q2 2026: $37,989 thousand source