Iron Mountain (IRM)
Real Estate · Information Management and Data Center Services REIT
Global REIT providing integrated information management—from physical records storage to data centers to digital transformation—for 240,000 enterprise customers seeking to unlock value from their assets.
What Iron Mountain does
Iron Mountain is a global leader in information management services serving over 240,000 customers across 61 countries, including 95% of the Fortune 1000. The company provides an integrated suite of solutions including physical records management, digital transformation services, data center operations, and asset lifecycle management to help enterprises unlock value from their information assets. As a REIT listed on the NYSE, Iron Mountain operates 31 data centers across 21 markets with 1,340 MW of total potential capacity and manages records storage, digital solutions, and asset recovery across commercial, legal, financial, healthcare, technology, and government sectors.
Themes: ["Information management","Digital transformation","Data centers","REIT infrastructure","Records management","Asset lifecycle management","Data security and compliance","Global enterprise services"]
Fundamentals
- Price$119.48 as of 2026-07-09 close
- Market cap$35.2B as of 2026-07-10
- 1-year return+15.9% as of 2026-07-09 close
- P/E129.29 as of 2026-07-10
- Net margin+3.8% as of 2026-07-10
- Gross margin+65.0% as of 2026-07-10
- ROE+85.2% as of 2026-07-10
- Debt / equity685.59 as of 2026-07-10
- Revenue growth (YoY)+15.6% as of 2026-07-10
- Revenue CAGR (3y)+10.6% SEC XBRL
- Beta1.23 as of 2026-07-10
Dividend: yield +3.0%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Significant long-term debt burden of $17.1 billion against negative equity position of -$938 million, limiting financial flexibility and increasing refinancing risk","Concentration of revenue from physical records storage at risk from digital transformation trends and digitization of records across customer base","Capital intensity of data center buildout and expansion with completion risk on construction projects and hyperscale customer leasing concentration"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.