Iron Mountain Inc. (IRM)
| Market Cap | 10.10B |
| Revenue (ttm) | 4.15B |
| Net Income (ttm) | 342.69M |
| Shares Out | 288.18M |
| EPS (ttm) | 1.19 |
| PE Ratio | 29.52 |
| Forward PE | 24.75 |
| Dividend | $2.47 |
| Dividend Yield | 7.05% |
| Trading Day | March 4 |
| Last Price | $35.10 |
| Previous Close | $34.28 |
| Change ($) | 0.82 |
| Change (%) | 2.39% |
| Day's Open | 34.55 |
| Day's Range | 34.55 - 35.23 |
| Day's Volume | 202,151 |
| 52-Week Range | 19.69 - 41.32 |
Despite organic growth in core storage business, Iron Mountain's (IRM) Q4 performance is affected by service revenue declines. The company enters into a joint venture for data-center expansion...
Iron Mountain (IRM) delivered FFO and revenue surprises of 10.00% and 1.80%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE:IRM), the storage and information management services company, today announced that it has entered into an agreement to form a joint v...
BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announces financial and operating results for the fourth quarter and f...
Despite strength in its data-center business, dwindling preference for stored records is likely to have impacted Iron Mountain's (IRM) storage volumes in Q4.
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BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, will report its fourth quarter and full year 2020 financial results be...
BOSTON--(BUSINESS WIRE)---- $IRM #CEI2021--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, is pleased to announce that it received a score of 1...
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BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the global leader in storage and information management services, announced the tax treatment for all 2020 distributions on its...
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Iron Mountain's (IRM) customers at its NJE-1 data center in New Jersey will benefit from better connectivity options and local reach with DE-CIX's switch deployment at the company's facility.
Iron Mountain's 8.2% dividend yield is compelling for some investors but comes with risks. Because Iron Mountain's core storage business lacks growth, the company is attempting to expand into ...
IRM made significant improvements in 2020. An improved balance sheet, numerous growth projects, and streamlining at the corporate level will all add to the bottom line.
BOSTON--(BUSINESS WIRE)---- $IRM #DECIX--Iron Mountain Incorporated (NYSE:IRM), the storage and information management services company, today announced that DE-CIX, a world-leading internet e...
As incredible as it may seem, 2021 is already here, the holidays are over and everybody finally has returned to Wall Street for what could be a very different year for investors, compared with...
Iron Mountain has been left behind by the market rally, while it continues to grow storage and data volumes. I expect services revenue to pick back up in the second half of 2021 and see Projec...
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Iron Mountain is one of my top high growth REIT picks in 2021. I know that seems kind of odd since the other four high flying picks for 2021 are yielding an average of 2.75%.
The S&P 500 has recovered handily off of its March lows to close out 2020 with a solid gain.
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BOSTON--(BUSINESS WIRE)-- #CHRO--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company enabling digital transformation, today announced that Edward E....
While a focus on data center portfolio expansion enables Iron Mountain (IRM) to capitalize on digitization, shrinking paper needs and a resultant decline in record management volumes remain he...
Driven by strong demand for data-center space in Phoenix, Iron Mountain (IRM) signs expansion lease with a Fortune 100 customer at its AZP-2 data center.
Iron Mountain's indebtedness remains under control despite its high debt/equity ratio and seemingly worrying leverage.
BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, today announced that it has signed a six megawatt data center pre-leas...
Iron Mountain (IRM) reported earnings 30 days ago. What's next for the stock?
Iron Mountain's (IRM) sale-leaseback transaction with Blackstone enables it to raise cash, while effectively maintain the control of the sold facilities through long-term leases.
BOSTON--(BUSINESS WIRE)---- $IRM #19thAmendment--Iron Mountain (NYSE: IRM), the storage and information management services company enabling digital transformation, today announced that it has...
Iron Mountain Incorporated (IRM) Management presents at Wells Fargo TMT Summit (Transcript)
The US dollar is at its weakest point in two years. We examine what a "weak dollar" means.
BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announced that Barry Hytinen, EVP & CFO will participate in a fireside...
IRM has taken advantage of falling interest rates prompted by the pandemic to restructure much of its short-term debt. IRM prioritized restructuring its debt to reduce the pressure it presente...
Iron Mountain (IRM) expands its partnership with the London Internet Exchange to offer peering and IXP services at its VA-1 data center in Northern Virginia.
Iron Mountain is yielding 9.7%, the highest REIT in the Industrial and Data Center sectors. Remember that the company has a service component and does not really have a direct peer at this time.
AbbVie snuck in a nice dividend increase before the end of the month. I was caught completely off-guard by the announcement. Whirlpool delivered a 4.17% dividend increase to their shareholders...
Iron Mountain (IRM) CEO, William Meaney on Q3 2020 Results - Earnings Call Transcript
Organic growth in Iron Mountain's (IRM) core storage business boosts Q3 performance. Yet, a decline in revenues from the service segment plays spoilsport.
Iron Mountain (IRM) delivered FFO and revenue surprises of 10.91% and 4.58%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announces financial and operating results for the third quarter of 202...
Iron Mountain (IRM) Q3 results are expected to reflect the impact of declining demand for its core service offerings as customers operate at lower capacities amid the pandemic-led restrictions.
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IRM continues to go through a transformation as the company focuses on growing their data center division. The relationships built from the storage division allows for cross-selling of other o...
IRM is in a high-margin, high cash flow business. It carries a dividend yield of 9%. Despite the impact of COVID-19, cash flow remains very strong and growing.
About IRM
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, infor... [Read more...]
| Industry REIT-Specialty | IPO Date Jan 31, 1996 |
| CEO William L. Meaney BSc, MEng, MSIA | Employees 24,000 |
| Stock Exchange NYSE | Ticker Symbol IRM |
Financial Performance
In 2020, Iron Mountain's revenue was $4.15 billion, a decrease of -2.71% compared to the previous year's $4.26 billion. Earnings were $342.69 million, an increase of 28.17%.
Analyst Forecasts
According to 8 analysts, the average rating for Iron Mountain stock is "Buy." The 12-month stock price forecast is 31.57, which is a decrease of -10.06% from the latest price.