As I said, we'll update you on the REIT process, where the only significant news, which we did announce on our press release, is that we have submitted formally our request to the IRS for a private letter ruling. And as you know, that we are going to be relatively silent and absolutely not to speak to any details on that while we let them do their work and so forth.So let me talk a little bit about the operating results. Storage, which is the key driver and everything we focused on in our business had good 6% constant dollar revenue growth, which was about 4% of that, 4 points out of 6 was internal growth on the balance from acquisitions. Service trends remain consistent within the past year or 2. There were some puts and takes, but constant dollars service growth was about flat excluding the impacts of the lower paper -- recycled paper prices. Recycled paper prices in the quarter were the major issue to us, with the 37% decline from last year, and it reduced reported service revenue growth by a negative 4% but also total revenue growth by 1.5 points.
Iron Mountain Management Discusses Q2 2012 Results - Earnings Call Transcript
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