Iron Mountain (IRM) Stock Price, Fundamentals & Analysis

What IRM does

Iron Mountain (IRM) is a US-based REIT in the Specialty sector that helps organizations manage physical and digital information. The company serves more than 240,000 customers in 61 countries, including roughly 95% of the Fortune 1000, with services spanning information management, digital transformation, information security, data centers, and asset lifecycle management. It is part of the S&P 500 and operates in the same broad space as peers such as Public Storage (PSA), Welltower (WELL), and Invitation Homes (INVH).

Key numbers explained

• Price: 115.09 USD — the most recent trading price of one share of IRM.
• P/E ratio: The trailing P/E ratio is 80.5, while the forward P/E ratio on expected earnings is 42.2, showing how the market values current versus anticipated earnings.
• Dividend yield: The 2.93% dividend yield measures the annual cash return relative to the share price.
• Ex-dividend date: The next ex-dividend date is Sep 15, 2026; buyers on or after this date do not receive the upcoming dividend.
• Payout ratio: 240% of earnings are paid out as dividends, meaning the dividend exceeds trailing earnings and is typically funded by other sources.
• Beta: 1.2 indicates IRM has historically moved about 20% more than the overall market.
• 52-week range: The lowest and highest price in the last 52 weeks was 77.77 – 134.68, with a 16.7% price change over that period.
• Revenue and margins: Trailing 12-month revenue is 7.56 mld. USD, with 18.5% year-over-year growth, a 5.5% profit margin, and a 19.1% operating margin.

Recent news

Recent headlines note that Rothschild & Co Redburn initiated coverage on IRM with a Buy rating and a 132 price target, while Ciena was upgraded and Flutter was downgraded in broader analyst calls. Jim Cramer called IRM “an incredible stock,” and Baron Capital expressed bullish views on the company. Other stories include an Iron Mountain EVP selling 6,000 shares and a partnership with Opera Paris to digitize cultural heritage.

What to watch

For a REIT like IRM, investors typically monitor interest rate trends, occupancy and leasing activity, property valuations, and the mix of physical versus digital revenue streams. Regulatory and data-security developments also matter, as does the company’s ability to grow recurring revenue while managing capital-intensive operations. Because IRM operates across many countries, currency and geopolitical factors can affect results.