Iron Mountain Incorporated (IRM)
| Market Cap | 30.84B |
| Revenue (ttm) | 5.99B |
| Net Income (ttm) | 104.71M |
| Shares Out | 293.46M |
| EPS (ttm) | 0.36 |
| PE Ratio | 294.11 |
| Forward PE | 53.52 |
| Dividend | $2.86 (2.72%) |
| Ex-Dividend Date | Dec 16, 2024 |
| Volume | 2,476,496 |
| Open | 102.61 |
| Previous Close | 101.62 |
| Day's Range | 102.51 - 106.98 |
| 52-Week Range | 64.68 - 130.24 |
| Beta | 1.02 |
| Analysts | Strong Buy |
| Price Target | 131.00 (+24.64%) |
| Earnings Date | Nov 6, 2024 |
About IRM
Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and int... [Read more]
Financial Performance
In 2023, Iron Mountain's revenue was $5.48 billion, an increase of 7.38% compared to the previous year's $5.10 billion. Earnings were $184.23 million, a decrease of -66.92%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for IRM stock is "Strong Buy." The 12-month stock price forecast is $131.0, which is an increase of 24.64% from the latest price.
News
Iron Mountain: Well-Run REIT, Overpriced For Now
Iron Mountain Incorporated generates strong revenue, earnings, and AFFO growth with a robust business model that offers non-cyclical continuity. IRM's high P/E ratio and low forward dividend yield of ...
Iron Mountain Incorporated (IRM) Barclays 22nd Annual Global Technology Conference - (Transcript)
Iron Mountain Incorporated (NYSE:IRM) Barclays 22nd Annual Global Technology Conference Call December 11, 2024 11:05 AM ET Company Participants Barry Hytinen - Executive Vice President and Chief Fina...
Iron Mountain announces the election of June Yee Felix to the Board of Directors
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, today announced that it has elected June Yee Felix to the Board of Direct...
NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount
Publicly listed US equity real estate investment trusts closed Nov. 29 at a median 6.5% discount to their consensus net asset value per share estimates. The hotel sector continued to trade at the larg...
Iron Mountain to Present at Financial Conference
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, announced today that it will participate in a fireside chat at the Barcla...
Iron Mountain Incorporated Upsizes and Prices Debt Offering
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM) (the "Company"), a global leader in information management services, today announced that it has priced an upsized offering by...
Iron Mountain Incorporated Announces Debt Offering
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM) (the "Company"), a global leader in information management services, today announced a proposed offering by way of a private p...
The State Of REITs: November 2024 Edition
The REIT sector snapped a 5-month winning streak with a -3.42% average total return in October. Micro cap (-2.04%) and mid-cap (-2.30%) REITs averaged modest declines in October, while large caps (-3....
Iron Mountain Expands Planned Data Center Capacity in Virginia by more than 350 Megawatts
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management services, has acquired two data center development sites in Virginia - adding significant planne...
Iron Mountain Incorporated (IRM) JPMorgan Ultimate Services Investor Conference (Transcript)
Iron Mountain Incorporated (NYSE:IRM) JPMorgan Ultimate Services Investor Conference November 14, 2024 1:50 PM ET Company Participants Barry Hytinen - CFO Conference Call Participants Alex Hess - JPM...
Managing Risk Is What Separates The Best From The Rest
Successful investing requires second-level thinking, which involves deeper analysis beyond simple formulas, as highlighted by Howard Marks in "The Most Important Thing". Iron Mountain's transformation...
Iron Mountain Incorporated (IRM) Q3 2024 Earnings Call Transcript
Iron Mountain Incorporated (NYSE:IRM) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Gillian Tiltman - SVP & Head, IR William Meaney - President & CEO Barry Hytinen...
Iron Mountain third-quarter FFO rises amid strong data center demand
Iron Mountain on Wednesday posted a rise in its funds from operations (FFO) for the third quarter, driven by robust demand for its data centers.
Iron Mountain Reports Third Quarter Results
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, announces financial results for the third quarter of 2024. The conference...
The Big 3: IRM, NFLX, RTX
Aquiles Larrea is a fan of today's Big 3, it just comes to down to when investors should jump onto the stocks. He joins Rick Ducat in breaking down the technical trends for Iron Mountain (IRM), Netfli...
2 REITs To Avoid And 1 Strong Buy
Not all REITs are worth buying. This is a vast sector, and you need to be very selective. I highlight 2 REITs to sell and a better alternative.
3 Unknown Stocks That Could Triple Your Money
Mutual-fund manager Peter Lynch is one of the most successful mutual-fund managers of all time. His average annual return of 29% from 1977 to 1990 would have turned a $10,000 investment into nearly $1...
The State Of REITs: October 2024 Edition
REITs achieved their 5th straight month in the black with a +3.09% average total return in September and +9.61% year to date. Mid-cap (+5.01%), large cap (+3.41%) and small cap REITs (+2.59%) averaged...
Iron Mountain Schedules Third Quarter 2024 Earnings Release and Conference Call
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, will report its third quarter 2024 financial results before market hours ...
Iron Mountain's Rapid Ascent Necessitates A Downgrade
Iron Mountain has seen significant growth, with the stock up 300.3% since February 2021. The company's Global RIM segment and Global Data Center Business have both shown robust revenue and profit grow...
Iron Mountain Incorporated (IRM) 2024 RBC Capital Markets Global Communications Infrastructure Conference (Transcript)
Iron Mountain Incorporated (NYSE:IRM) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 11:40 AM ET Company Participants Bill Meaney - Chief Executive Office...
Iron Mountain: Deserves A Downgrade, Overly Expensive Here
IRM's stock price rally has been occurred overly fast and furious, attributed to the recent market rotation and rich dividend hike. While the long-term trends surrounding generative AI and data center...
10 Sweet REITs: Yield Up To 6.6%
Equity REITs, distinct from mortgage REITs, generate income from rental leases and capital appreciation, offering high yields and tax advantages by distributing 90% of taxable income. My portfolio, Ro...
Iron Mountain stock is overvalued and overbought: buy or sell?
Iron Mountain (NYSE: IRM) stock price has gone parabolic this year, making it one of the top-performing companies in the S&P 500 index. It has risen in the last five consecutive months and is sitting ...