Iron Mountain Incorporated (IRM)

NYSE: IRM · Real-Time Price · USD
110.91
+1.69 (1.55%)
Jan 21, 2025, 4:00 PM EST - Market closed
1.55%
Market Cap 32.55B
Revenue (ttm) 5.99B
Net Income (ttm) 104.71M
Shares Out 293.46M
EPS (ttm) 0.36
PE Ratio 310.37
Forward PE 56.48
Dividend $2.86 (2.58%)
Ex-Dividend Date Dec 16, 2024
Volume 1,414,690
Open 109.46
Previous Close 109.22
Day's Range 109.32 - 110.98
52-Week Range 66.20 - 130.24
Beta 1.05
Analysts Strong Buy
Price Target 131.00 (+18.11%)
Earnings Date Feb 20, 2025

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]

Sector Real Estate
IPO Date Jan 31, 1996
Employees 27,000
Stock Exchange NYSE
Ticker Symbol IRM
Full Company Profile

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 Statements

Analyst 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 18.11% from the latest price.

Price Target
$131.0
(18.11% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Iron Mountain's Warranted Correction Triggers A Richer Return Profile Ahead

IRM has already lost all of its July/ August 2024 market rotation gains, with it offering interested investors with an improved margin of safety. This is significantly aided by the rich dividend hike ...

9 days ago - Seeking Alpha

Final Trades: Amazon, Uber and Iron Mountain

The Investment Committee give you their top stocks to watch on the last trading day of the year.

Other symbols: AMZNUBER
21 days ago - CNBC Television

REITs To Avoid In 2025

Not all REITs are worth buying. Some property sectors are risky and overpriced. I present REITs to avoid in 2025.

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21 days ago - Seeking Alpha

The Big 3: IRM, LNG, XLE

Today's Big 3 are LNG, IRM, XLE. Kevin Green walks through example trades on all 3 names and looks at the technicals on each.

Other symbols: XLELNG
25 days ago - Schwab Network

How To Become A Real Estate Tycoon (My Blueprint Revealed)

Embracing negativity and learning from setbacks fueled my journey to become a top analyst on Seeking Alpha, focusing on fundamental analysis. Second-level thinking, as taught by mentors like Chuck Car...

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27 days ago - Seeking Alpha

Lessons Learned Summed Up In One Simple Sentence

My journey on Seeking Alpha began after personal financial setbacks, but persistence and relevance helped me build a strong community and career. I highlight Iron Mountain, Agree Realty, and STAG Indu...

Other symbols: ADCSTAG
4 weeks ago - Seeking Alpha

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 ...

5 weeks ago - Seeking Alpha

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...

5 weeks ago - Seeking Alpha

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...

6 weeks ago - Business Wire

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...

6 weeks ago - Seeking Alpha

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...

6 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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....

2 months ago - Seeking Alpha

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...

2 months ago - Business Wire

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...

2 months ago - Seeking Alpha

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...

Other symbols: OSUI
2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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.

2 months ago - Reuters

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...

2 months ago - Business Wire

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...

Other symbols: NFLXRTX
2 months ago - Schwab Network

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.

Other symbols: ADC
3 months ago - Seeking Alpha

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...

Other symbols: AWKSHW
3 months ago - Benzinga

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...

3 months ago - Seeking Alpha

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 ...

3 months ago - Business Wire