Iron Mountain, Inc. | REIT Profile

Symbol: IRM
CIK: 1020569
Exchange: NYSE
Founded: 1951 (71 years)
HQ: Boston, MA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Specialty, Data Centers

See IRM on Google Finance
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See IRM on SEC.gov

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About Iron Mountain, Inc.

Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage and information management services. Trusted by more than 230,000 organizations around the world, Iron Mountain boasts a real estate network of more than 85 million square feet across more than 1,400 facilities in 52 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain's solutions portfolio includes records management, data management, cloud services, document management, data centers, art storage and logistics, and secure shredding to help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts.


Iron Mountain, Inc. Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$53.56 $53.95 $53.22 $53.69 $53.56 $53.41 535,363 $0.15 0.28% $15,570,643,822 31.51 $57.21 $40.17 6.14%

Last update: 2022-11-25 10:02:27 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 7.0

Hightlights of Trading Day November 25, 2022


Open Price: $53.69
Closing Price: $53.56
Price Change: 0.15 (0.281%)
Lowest Price: $53.22
Highest Price: $53.95
52-Week Low: $40.17
52-Week High: $57.21
52-Week Change: 18.18%
5 Day Price Change: 4.07%
1 Month Price Change: 11.99%
3 Month Price Change: -0.79%
6 Month Price Change: 6.69%
YTD Price Change: 5.86%
1 Year Price Change: 18.18%
2 Year Price Change: 125.02%
5 Year Price Change: 80.80%

Dividend of Trading Day November 25, 2022


Dividend Yield: 4.619%*
Annualized Dividend: $2.474*
Dividend Yield (TTM): 4.55%
Annualized Dividend (TTM): $2.43
Ex-Dividend Date: 2022-09-14
Next Ex-Dividend: 2022-12-14
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for IRM.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q3 AFFO $--- $--- ---%
2022 Q3 Normalized FFO $--- $--- ---%
2022 Q2 Normalized FFO $--- $--- ---%
2022 Q2 AFFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day November 25, 2022


Total Cash: $155,223,000
Current Debt: $1,725,912,000
Revenue: $4,984,112,000
Gross Profit: $2,855,895,000
Total Revenue: $4,984,112,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,727,567,000
Revenue Per Share: $17
Revenue Per Employee: $207,671
Employee: 2,021
Debt to Equity Ratio (D/E): 29.66
Profit Margin: 0.10%
Enterprise Value (EV): $25,524,949,136
Enterprise Value to Revenue (EV/R): 5.12
Price to Sales (P/S): 3.08
Price to Book (P/B): 29.04
Price/Earnings-to-Growth (PEG) Ratio: -1.38
P/E Ratio: 31.51
P/E High: 103.62
P/E Low: 59.89
Forward P/E Ratio: 30.03
Market Capitalization: $15,570,643,822
Beta: 0.91
Latest Volume: 535,371
Avg. Total Volume: 1,293,923
Avg. 10-Day Volume: 977,871
Avg. 30-Day Volume: 1,293,923
TTM EPS: 1.70
Shares Outstanding: 290,714,037
Float: N/A
50-Day Moving Avg.: $49.20
200-Day Moving Avg.: $49.65

Latest REIT Community Comments on #IRM


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Properties Owned by IRM


IRM Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $33.55 per share you would have been able to buy 29 shares of IRM on 2021-11-26 costing $972.95 @ $33.55 per share you would have been able to buy 14 shares of IRM on 2021-11-26 costing $469.70 @ $33.55 per share you would have been able to buy 7 shares of IRM on 2021-11-26 costing $234.85 @ $33.55 per share you would have been able to buy 2 shares of IRM on 2021-11-26 costing $67.10 @ $33.55 per share you would have been able to buy 1 shares of IRM on 2021-11-26 costing $33.55
Current worth On 2022-11-25 these 29 shares would be worth $1,553.24 @ $53.56 On 2022-11-25 these 14 shares would be worth $749.84 @ $53.56 On 2022-11-25 these 7 shares would be worth $374.92 @ $53.56 On 2022-11-25 these 2 shares would be worth $107.12 @ $53.56 On 2022-11-25 these 1 shares would be worth $53.56 @ $53.56
Dividends earned $71.75 in dividends would have been earned since 2021-11-26 with 29 shares. $35 in dividends would have been earned since 2021-11-26 with 14 shares. $17.32 in dividends would have been earned since 2021-11-26 with 7 shares. $4.95 in dividends would have been earned since 2021-11-26 with 2 shares. $2.47 in dividends would have been earned since 2021-11-26 with 14 shares.
Net (gain / loss)* 652.04 USD 314.78 USD 157.39 USD 44.97 USD 22.48 USD
ROI** 67.02% 67.02% 67.02% 67.02% 67.02%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by IRM. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
IRM 2022-09-14 0.619 --- 2022-08-04 2022-09-15 2022-10-04
IRM 2022-06-14 0.619 --- 2022-04-28 2022-06-15 2022-07-06
IRM 2022-03-14 0.619 --- 2022-02-24 2022-03-15 2022-04-06
IRM 2021-12-14 0.619 --- 2021-11-04 2021-12-15 2022-01-06
IRM 2021-09-14 0.619 --- 2021-08-05 2021-09-15 2021-10-06
IRM 2021-06-14 0.619 --- 2021-05-06 2021-06-15 2021-07-06
IRM 2021-03-12 0.619 --- 2021-02-24 2021-03-15 2021-04-06
IRM 2020-12-14 0.619 --- 2020-11-04 2020-12-15 2021-01-06
IRM 2020-09-14 0.619 --- 2020-08-05 2020-09-15 2020-10-02
IRM 2020-06-12 0.619 --- 2020-05-05 2020-06-15 2020-07-02
IRM 2020-03-13 0.619 --- 2020-02-12 2020-03-16 2020-04-06
IRM 2019-12-13 0.619 1.23% 2019-10-31 2019-12-16 2020-01-02
IRM 2019-09-13 0.611 --- 2019-07-26 2019-09-16 2019-10-02
IRM 2019-06-14 0.611 --- 2019-05-22 2019-06-17 2019-07-02
IRM 2019-03-14 0.611 --- 2019-02-07 2019-03-15 2019-04-02
IRM 2018-12-14 0.611 4.00% 2018-10-25 2018-12-17 2019-01-03
IRM 2018-09-14 0.588 --- 2018-07-24 2018-09-17 2018-10-02
IRM 2018-06-14 0.588 --- 2018-05-24 2018-06-15 2018-07-02
IRM 2018-03-14 0.588 --- 2018-02-14 2018-03-15 2018-04-02
IRM 2017-12-14 0.588 6.82% 2017-10-24 2017-12-15 2018-01-02

Earnings Press Releases


Below are the Earnings Press Releases for IRM. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 Iron Mountain Reports First Quarter Results
2021 Q4 Iron Mountain Reports Fourth Quarter and Full Year 2021 Results

Financial Statements Overview


The next Earnings Report for IRM is 2023-02-23

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 144,746,000 195,660,000 255,828,000 161,439,000
Receivables 1,116,329,000 1,063,723,000 961,419,000 884,348,000
Inventory 0 0 0 0
Current Assets 1,542,019,000 1,527,695,000 1,441,267,000 1,269,053,000
Current Assets (Other) 280,944,000 268,312,000 224,020,000 223,266,000
Short Term Investments 280,944,000 268,312,000 224,020,000 223,266,000
Long-term Investments 14,080,300,000 14,100,281,000 13,008,764,000 12,965,342,000
Property, Plant & Equipment Net 4,618,169,000 4,670,647,000 4,668,144,000 4,588,618,000
Goodwill 4,923,691,000 5,023,691,000 4,463,531,000 4,472,641,000
Intangible Assets 1,508,526,000 1,581,429,000 1,181,043,000 1,230,330,000
Other Assets 517,537,000 480,887,000 381,624,000 365,706,000
Net Tangible Assets -5,785,268,000 -5,847,397,000 -4,788,622,000 -4,729,089,000
Total Assets 15,622,319,000 15,627,976,000 14,450,031,000 14,234,395,000
Accounts Payable 435,475,000 424,064,000 369,145,000 324,210,000
Liabilities (Other) 404,703,000 407,826,000 144,053,000 155,048,000
Current Liabilities (Other) 1,260,001,000 1,185,288,000 1,340,007,000 1,183,953,000
Total Current Liabilities 1,782,266,000 1,700,532,000 2,018,580,000 1,826,307,000
Current Long-term Debt 86,790,000 91,180,000 309,428,000 318,144,000
Long-term Debt 9,993,126,000 10,143,011,000 8,962,513,000 8,815,273,000
Total Liabilities 14,975,370,000 14,870,253,000 13,594,079,000 13,260,513,000
Minority Interest 98,783,000 74,476,000 73,527,000 62,654,000
Common Stock 290,756,000 290,328,000 290,063,000 289,762,000
Retained Earnings -3,340,992,000 -3,359,876,000 -3,221,152,000 -3,101,813,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 646,949,000 757,723,000 855,952,000 973,882,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 1,289,534,000 1,248,046,000 1,159,587,000 1,130,148,000
Cost of Revenue 556,476,000 546,622,000 479,078,000 481,663,000
Gross Profit 733,058,000 701,424,000 680,509,000 648,485,000
Research and Development 0 0 0 0
Selling General and Admin 295,394,000 280,723,000 262,461,000 241,596,000
Operating Expense 1,030,124,000 1,010,960,000 914,816,000 898,077,000
Operating Income 259,410,000 237,086,000 244,771,000 232,071,000
Income Expense Net (Other) 0 0 -4,451,000 0
EBIT 259,410,000 237,086,000 240,320,000 232,071,000
Interest Income 115,057,000 114,442,000 104,510,000 103,809,000
Pretax Income 219,941,000 51,787,000 84,678,000 96,128,000
Income Tax 18,083,000 10,080,000 23,217,000 28,017,000
Minority Interest 1,777,000 -592,000 -187,000 428,000
Net Income 200,081,000 42,299,000 61,648,000 67,683,000
Net Income Basic 200,081,000 42,299,000 61,648,000 67,683,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income 200,081,000 42,299,000 61,648,000 67,683,000
Depreciation 182,929,000 188,004,000 177,355,000 178,845,000
Changes in Receivables 1,116,329,000 1,063,723,000 961,419,000 884,348,000
Changes in Inventories 0 0 0 0
Cash Change 144,746,000 195,660,000 255,828,000 161,439,000
Cash Flow 291,418,000 54,506,000 295,565,000 74,135,000
Capital Expenditures -169,318,000 -161,050,000 -193,198,000 -128,190,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -101,349,000 -889,754,000 -153,528,000 -312,434,000
Dividends Paid 0 0 0 0
Net Borrowings 9,654,226,000 9,770,219,000 8,792,093,000 8,748,712,000
Cash Flow Financing -229,553,000 771,553,000 -43,219,000 93,352,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
4 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 7.0
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.4
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.9
6 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.1
Rating Leverage Section Avg. Rating
6 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.7
5 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
1 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
6 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.0
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.8
8 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.1
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.7
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.8
Rating Market Cap Section Avg. Rating
10 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.0
7.0 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Last updated: 2022-11-26 - v3.5