Iron Mountain Incorporated (IRM)

US — Real Estate Sector
Peers: EXR  VICI  VTR  CSGP  CCI  SBAC  AVB  WY  EQR  LAMR 

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Key Metrics & Ratings

  • symbol IRM
  • Rev/Share 22.4493
  • Book/Share -2.055
  • PB -29.7393
  • Debt/Equity -20.95
  • CurrentRatio 0.6587
  • ROIC 0.0427

 

  • MktCap 26212876062.0
  • FreeCF/Share -3.9151
  • PFCF -22.637
  • PE 164.7
  • Debt/Assets 0.8955
  • DivYield 0.0346
  • ROE -0.2234

 

  • Rating C-
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation IRM Jefferies -- Buy -- $120 Sept. 22, 2025
Initiation IRM Truist -- Buy -- $95 April 8, 2025

News

4 High-Yield Real Estate Stocks to Buy as Investors Get Defensive
AMT, FBRT, IRM, NTST
Published: November 13, 2025 by: MarketBeat
Sentiment: Neutral

Consumers are about as pessimistic about the state of the economy as they have ever been, amid a weakening labor market, disruptions related to the fall 2025 government shutdown, and concerns about an AI bubble. Though the S&P 500 appears to be continuing its ascent, having climbed by almost 17% this year, it is not surprising that investors are growing cautious as they wait for a (potentially major) course correction.

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image for news 4 High-Yield Real Estate Stocks to Buy as Investors Get Defensive
Iron Mountain Incorporated (IRM) Q3 2025 Earnings Call Transcript
IRM
Published: November 05, 2025 by: Seeking Alpha
Sentiment: Neutral

Iron Mountain Incorporated ( IRM ) Q3 2025 Earnings Call November 5, 2025 8:30 AM EST Company Participants Mark Rupe - Senior VP & Head of Investor Relations William Meaney - President, CEO & Director Barry Hytinen - Executive VP & CFO Conference Call Participants Keen Fai Tong - Goldman Sachs Group, Inc., Research Division Eric Luebchow - Wells Fargo Securities, LLC, Research Division Tobey Sommer - Truist Securities, Inc., Research Division Brendan Lynch - Barclays Bank PLC, Research Division Shlomo Rosenbaum - Stifel, Nicolaus & Company, Incorporated, Research Division Andrew Steinerman - JPMorgan Chase & Co, Research Division Kevin …

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image for news Iron Mountain Incorporated (IRM) Q3 2025 Earnings Call Transcript
Iron Mountain's Q3 AFFO Beats, Revenues Improve Y/Y, Dividend Raised
IRM
Published: November 05, 2025 by: Zacks Investment Research
Sentiment: Positive

IRM posts solid Q3 growth with AFFO up 16.8% and strong data center gains while boosting its dividend by 10%.

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image for news Iron Mountain's Q3 AFFO Beats, Revenues Improve Y/Y, Dividend Raised
Iron Mountain (IRM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
IRM
Published: November 05, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Iron Mountain (IRM) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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image for news Iron Mountain (IRM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Gear Up for Iron Mountain (IRM) Q3 Earnings: Wall Street Estimates for Key Metrics
IRM
Published: October 31, 2025 by: Zacks Investment Research
Sentiment: Positive

Besides Wall Street's top-and-bottom-line estimates for Iron Mountain (IRM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2025.

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image for news Gear Up for Iron Mountain (IRM) Q3 Earnings: Wall Street Estimates for Key Metrics
Iron Mountain: King Of Storage And Dispositions Offers Robust Return Prospects
IRM
Published: October 17, 2025 by: Seeking Alpha
Sentiment: Positive

IRM's Matterhorn Strategy: Accelerating Growth has worked out brilliantly, with it triggering the accelerated Growth Businesses segment at a 4Y CAGR of +20%. This builds upon the expansion of Growth Businesses revenue share at 28% in 2025, up from 15% in 2021, thanks to their ability to cross-sell its vertically integrated storage solutions. IRM's aggressive data center investments have already bore fruit, with it providing an excellent line of sight to 2026 data center revenues of $1B (5Y CAGR of +25%).

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image for news Iron Mountain: King Of Storage And Dispositions Offers Robust Return Prospects
Iron Mountain Leads McLaren Racing's Digital Transformation Journey
IRM
Published: October 15, 2025 by: Zacks Investment Research
Sentiment: Positive

IRM partners with McLaren Racing to digitize its heritage archives, blending AI innovation with Formula 1 legacy.

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image for news Iron Mountain Leads McLaren Racing's Digital Transformation Journey
3 Business Information Stocks to Watch Amid Industry Woes
EXPGY, IRM, TRU
Published: October 08, 2025 by: Zacks Investment Research
Sentiment: Positive

Increased demand for risk mitigation, cost reduction and productivity improvement solutions will likely help the Zacks Business Information Services industry prosper. EXPGY, IRM and TRU are well-positioned to benefit from this surge.

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image for news 3 Business Information Stocks to Watch Amid Industry Woes
Iron Mountain (IRM) is a Top-Ranked Growth Stock: Should You Buy?
IRM
Published: September 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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image for news Iron Mountain (IRM) is a Top-Ranked Growth Stock: Should You Buy?
Iron Mountain: Derisked Fundamentals Make The Bull Case Attractive (Rating Upgrade)
IRM
Published: September 25, 2025 by: Seeking Alpha
Sentiment: Positive

Iron Mountain is upgraded to a buy rating, reflecting a de-risked data center business and robust long-term growth drivers. IRM's data center segment boasts a massive pre-leased backlog, strong pricing power, and expanding margins, supporting visible revenue and cash flow growth. ALM and Digital Solutions are scaling rapidly, with significant cross-sell potential and new government contracts enhancing recurring revenue and adoption runway.

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image for news Iron Mountain: Derisked Fundamentals Make The Bull Case Attractive (Rating Upgrade)
Iron Mountain Incorporated (IRM) Presents at Global Communications Infrastructure Conference Transcript
IRM
Published: September 16, 2025 by: Seeking Alpha
Sentiment: Neutral

Iron Mountain Incorporated (NYSE:IRM ) Global Communications Infrastructure Conference September 16, 2025 11:40 AM EDT Company Participants William Meaney - President, CEO & Director Barry Hytinen - Executive VP & CFO Conference Call Participants Jonathan Atkin - RBC Capital Markets, Research Division Presentation Jonathan Atkin RBC Capital Markets, Research Division Welcome, everybody. I'm Jon Atkin with RBC and pleased to be spending the next 20 minutes with the CEO of Iron Mountain, Bill Meaney; and the Chief Financial Officer, Barry Hytinen.

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image for news Iron Mountain Incorporated (IRM) Presents at Global Communications Infrastructure Conference Transcript
Iron Mountain Incorporated (IRM) Presents At Goldman Sachs Communacopia + Technology Conference 2025 (Transcript)
IRM
Published: September 09, 2025 by: Seeking Alpha
Sentiment: Neutral

Iron Mountain Incorporated (NYSE:IRM ) Goldman Sachs Communacopia + Technology Conference 2025 September 9, 2025 11:50 AM EDT Company Participants Barry Hytinen - Executive VP & CFO Conference Call Participants Keen Fai Tong - Goldman Sachs Group, Inc., Research Division Presentation Keen Fai Tong Research Analyst Okay. Good morning, and welcome.

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image for news Iron Mountain Incorporated (IRM) Presents At Goldman Sachs Communacopia + Technology Conference 2025 (Transcript)
Iron Mountain Stock Up 10.6% in Six Months: Will the Trend Last?
IRM
Published: September 08, 2025 by: Zacks Investment Research
Sentiment: Positive

IRM shares climb 10.6% in six months as storage cash flows, data center growth and dividend hikes offset higher interest costs.

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image for news Iron Mountain Stock Up 10.6% in Six Months: Will the Trend Last?
Is it Wise to Retain Iron Mountain Stock in Your Portfolio Now?
IRM
Published: September 02, 2025 by: Zacks Investment Research
Sentiment: Positive

Stable core storage and records management business, data center expansions and a healthy balance sheet are likely to support IRM despite high interest expenses.

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image for news Is it Wise to Retain Iron Mountain Stock in Your Portfolio Now?
Iron Mountain Q2: Record High Revenues, Continued Growth Momentum
IRM
Published: August 25, 2025 by: Seeking Alpha
Sentiment: Positive

I rate Iron Mountain Incorporated a hold due to its premium valuation, despite outstanding long-term performance and strong business fundamentals. IRM is a global leader in storage and information management, benefiting from surging data center demand driven by AI and digital transformation. Q2 2025 saw record revenues and earnings, with management raising full-year guidance and projecting continued double-digit growth into 2026.

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image for news Iron Mountain Q2: Record High Revenues, Continued Growth Momentum
Disinflation Dividend: REIT Earnings Scorecard
AMH, AMT, ARR, BBRE, BFS, BHR, CBL, CCI, CHCT, CIO, COLD, DRN, DRV, ELME, ELS, EPR, EQIX, ESS, EXR, FREL, FRI, GLPI, GPMT, IARAX, ICF, ILPT, INVH, IRM, IYR, JRS, KBWY, LAMR, LINE, LXP, NRO, NTST, OUT, PPTY, PSA, PSR, RC, REG, REIT, REK, RFI, RITM, RNP, RQI, RWR, SCHH, SEVN, SKT, SLG, SRS, SRVR, SUI, URE, USRT, VICI, VNQ, VRAI, WELL, XHR, XLRE
Published: August 10, 2025 by: Seeking Alpha
Sentiment: Positive

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

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image for news Disinflation Dividend: REIT Earnings Scorecard
Iron Mountain Incorporated (IRM) Q2 2025 Earnings Call Transcript
IRM
Published: August 06, 2025 by: Seeking Alpha
Sentiment: Neutral

Iron Mountain Incorporated (NYSE:IRM ) Q2 2025 Earnings Conference Call August 6, 2025 8:30 AM ET Company Participants Barry A. Hytinen - Executive VP & CFO Mark Andrew Rupe - Senior VP & Head of Investor Relations William L.

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image for news Iron Mountain Incorporated (IRM) Q2 2025 Earnings Call Transcript
Iron Mountain (IRM) Upgraded to Buy: What Does It Mean for the Stock?
IRM
Published: August 06, 2025 by: Zacks Investment Research
Sentiment: Positive

Iron Mountain (IRM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

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image for news Iron Mountain (IRM) Upgraded to Buy: What Does It Mean for the Stock?
Iron Mountain Stock Gains in Pre-Market on Q2 AFFO & Revenue Beat
IRM
Published: August 06, 2025 by: Zacks Investment Research
Sentiment: Positive

IRM posts record Q2 results with 14.8% AFFO growth and raises the 2025 outlook as all business segments outperform expectations.

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image for news Iron Mountain Stock Gains in Pre-Market on Q2 AFFO & Revenue Beat
Iron Mountain (IRM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
IRM
Published: August 06, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Iron Mountain (IRM) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Read More
image for news Iron Mountain (IRM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Iron Mountain to Post Q2 Earnings: What's in the Cards for the Stock?
IRM
Published: August 04, 2025 by: Zacks Investment Research
Sentiment: Negative

IRM's Q2 earnings are expected to have been hurt by shifts in data storage through non-paper-based technologies despite solid data center demand.

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image for news Iron Mountain to Post Q2 Earnings: What's in the Cards for the Stock?
Ahead of Iron Mountain (IRM) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
IRM
Published: August 01, 2025 by: Zacks Investment Research
Sentiment: Positive

Beyond analysts' top-and-bottom-line estimates for Iron Mountain (IRM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2025.

Read More
image for news Ahead of Iron Mountain (IRM) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
3 Stocks to Watch From the Booming Business Information Industry
IRM, TRU, UCL
Published: July 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Increased demand for risk mitigation, cost reduction and productivity improvement solutions will likely help the Zacks Business - Information Services industry prosper. IRM, TRU and UCL are well-positioned to benefit from this surge.

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image for news 3 Stocks to Watch From the Booming Business Information Industry
Iron Mountain Down 23% From Its 1-Year High—Is It Undervalued?
IRM
Published: July 21, 2025 by: MarketBeat
Sentiment: Negative

With the Federal Reserve eyeing inflation and pausing cuts, interest rate-sensitive sectors have faced challenges. Real estate's 1.57% gain in 2025 has been the fourth-worst year-to-date performance of the S&P 500's 11 sectors, trailing only energy (0.55%), consumer discretionary (-2.18%), and healthcare (-2.41%).

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image for news Iron Mountain Down 23% From Its 1-Year High—Is It Undervalued?
Iron Mountain Stock Gains 20.9% in Three Months: Will the Trend Last?
IRM
Published: July 18, 2025 by: Zacks Investment Research
Sentiment: Positive

Stable core storage and records management business, data center expansions and a healthy balance sheet are likely to support IRM.

Read More
image for news Iron Mountain Stock Gains 20.9% in Three Months: Will the Trend Last?
Iron Mountain Schedules Second Quarter 2025 Earnings Release and Conference Call
IRM
Published: July 14, 2025 by: Business Wire
Sentiment: Neutral

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, will report its second quarter 2025 financial results before market hours on Wednesday, August 6, 2025. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: https://investors.ironmountain.com, under “Quarterly Results” prior to the.

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image for news Iron Mountain Schedules Second Quarter 2025 Earnings Release and Conference Call
Iron Mountain Commences Project Work for US Department of Treasury
IRM
Published: June 20, 2025 by: Zacks Investment Research
Sentiment: Neutral

IRM starts the $140M Treasury digitization project and eyes a five-year federal contract with a broader scope and integration.

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image for news Iron Mountain Commences Project Work for US Department of Treasury
Iron Mountain Provides Update on U.S. Government Digital Award
IRM
Published: June 19, 2025 by: Business Wire
Sentiment: Neutral

PORSTMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management services, today provided an update on its recently awarded contract by the U.S. Department of the Treasury. The company has commenced work under the award and is actively digitizing documents and leveraging its proprietary intelligent digitization solution as part of the engagement. Earlier this week the U.S. Department of the Treasury issued a Request for Quotations (RFQ) for a new long-term.

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image for news Iron Mountain Provides Update on U.S. Government Digital Award
Iron Mountain Provides Update on U.S. Government Digital Award
IRM
Published: June 19, 2025 by: Business Wire
Sentiment: Neutral

PORSTMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management services, today provided an update on its recently awarded contract by the U.S. Department of the Treasury. The company has commenced work under the award and is actively digitizing documents and leveraging its proprietary intelligent digitization solution as part of the engagement. Earlier this week the U.S. Department of the Treasury issued a Request for Quotations (RFQ) for a new long-term.

Read More
image for news Iron Mountain Provides Update on U.S. Government Digital Award
Iron Mountain Stock Rallies 22.5% in Three Months: Will This Continue?
IRM
Published: June 09, 2025 by: Zacks Investment Research
Sentiment: Positive

IRM jumps 22.5% in 3 months as recurring revenues, data center growth and capital strategy boost momentum.

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image for news Iron Mountain Stock Rallies 22.5% in Three Months: Will This Continue?

About Iron Mountain Incorporated (IRM)

  • IPO Date 1996-02-01
  • Website https://www.ironmountain.com
  • Industry REIT - Specialty
  • CEO William L. Meaney BSc, MEng, MSIA
  • Employees 28850

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working.