Iron Mountain (IRM)
(Delayed Data from NYSE)
$115.36 USD
+1.23 (1.08%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $115.34 -0.02 (-0.02%) 7:58 PM ET
3-Hold of 5 3
F Value B Growth B Momentum D VGM
Company Summary
Boston, MA-based Iron Mountain Incorporated provides records & information management services and data center space & solutions in several countries. The company started operating as a real estate investment trust (REIT) starting from taxable year ended Dec 31, 2014. This S&P 500 member serves more than 240,000 customers from various industries through several facilities.
The company primarily generates revenues from storage rental and services. Storage rental revenues are generated through periodic rental charges for data storage. Service revenues comprise charges for related core service activities and a wide array of complementary products and ...
Company Summary
Boston, MA-based Iron Mountain Incorporated provides records & information management services and data center space & solutions in several countries. The company started operating as a real estate investment trust (REIT) starting from taxable year ended Dec 31, 2014. This S&P 500 member serves more than 240,000 customers from various industries through several facilities.
The company primarily generates revenues from storage rental and services. Storage rental revenues are generated through periodic rental charges for data storage. Service revenues comprise charges for related core service activities and a wide array of complementary products and services.
The company’s reportable operating segments comprise (i) Global Records and Information Management (RIM) Business consisting of records management, data management, global digital solutions, secure shredding, secure IT asset disposition and consumer storage, (ii) Global Data Center Business and (iii) Corporate and Other Business.
Its Global Data Center Business provides enterprise-class data center facilities and hyperscale-ready capacity to protect mission-critical assets and ensure the continued operation of its customers’ IT infrastructure with secure, reliable and flexible data center options.
In January 2024, Iron Mountain acquired Regency Technologies for an initial purchase price of $200 million, of which $125 million was required to be paid at close and the remainder is due in 2025. The purchase price represents an EBITDA multiple of around 7.5X. The combined entity establishes a market-leading position in the IT asset disposition customer solutions and enhances Iron Mountain’s capabilities in Asset Lifecycle Management (ALM).
In September 2022, Iron Mountain launched Project Matterhorn, aiming to capture a higher share of the large, global addressable markets by investing 16% of its revenues (roughly $4 billion) over the next four years to accelerate its growth.
Note: All EPS numbers presented in this report represents funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
General Information
Iron Mountain Incorporated
85 New Hampshire Avenue Suite 150
Portsmouth, NH 03801
Phone: 617-535-4781
Fax: 617-350-7881
Web: http://www.ironmountain.com
Email: gillian.tiltman@ironmountain.com
Industry | REIT and Equity Trust - Other |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/7/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.11 |
Current Year EPS Consensus Estimate | 4.49 |
Estimated Long-Term EPS Growth Rate | 4.00 |
Exp Earnings Date | 11/7/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 114.13 |
52 Week High | 118.47 |
52 Week Low | 56.51 |
Beta | 1.00 |
20 Day Moving Average | 1,508,895.00 |
Target Price Consensus | 102.13 |
4 Week | 1.77 |
12 Week | 28.72 |
YTD | 64.85 |
4 Week | 0.56 |
12 Week | 23.26 |
YTD | 37.88 |
Shares Outstanding (millions) | 293.34 |
Market Capitalization (millions) | 33,839.22 |
Short Ratio | NA |
Last Split Date | 1/3/2007 |
Dividend Yield | 2.48% |
Annual Dividend | $2.86 |
Payout Ratio | 0.61 |
Change in Payout Ratio | -0.21 |
Last Dividend Payout / Amount | 9/16/2024 / $0.71 |
Fundamental Ratios
P/E (F1) | 25.70 |
Trailing 12 Months | 26.95 |
PEG Ratio | 6.43 |
vs. Previous Year | 14.89% |
vs. Previous Quarter | -1.82% |
vs. Previous Year | 13.00% |
vs. Previous Quarter | 3.90% |
Price/Book | NA |
Price/Cash Flow | 25.38 |
Price / Sales | 5.82 |
6/30/24 | 595.44 |
3/31/24 | 282.93 |
12/31/23 | 178.02 |
6/30/24 | 3.06 |
3/31/24 | 3.74 |
12/31/23 | 3.79 |
6/30/24 | 0.79 |
3/31/24 | 0.86 |
12/31/23 | 0.78 |
6/30/24 | 0.79 |
3/31/24 | 0.86 |
12/31/23 | 0.78 |
6/30/24 | 9.22 |
3/31/24 | 11.40 |
12/31/23 | 11.66 |
6/30/24 | 3.94 |
3/31/24 | 5.45 |
12/31/23 | 5.44 |
6/30/24 | 4.83 |
3/31/24 | 4.23 |
12/31/23 | 4.15 |
6/30/24 | -0.45 |
3/31/24 | 0.06 |
12/31/23 | 0.73 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | Pending Next EPS Report |
3/31/24 | 674.63 |
12/31/23 | 55.78 |
6/30/24 | Pending Next EPS Report |
3/31/24 | 99.85 |
12/31/23 | 98.26 |