Iron Mountain, Inc. (IRM)

Over the past six months, Iron Mountain's stock price has seen a significant increase. The company reported strong financial results, beating analyst expectations for both Q1 2024 and Q2 2025 earnings, achieving record quarterly revenue and Adjusted FFO in Q2 2025. Iron Mountain upsized a planned debt offering of €750 million to €1.2 billion in Senior Notes due 2034, which was seen as a sign of strong investor confidence. Analysts generally have a "Buy" rating on Iron Mountain stock, with an average price target of $116.83. Company insiders have sold a total of 213,375 shares of company stock worth over $20 million in the last three months. In February 2025, Iron Mountain increased its quarterly dividend per share by 10%.

Iron Mountain's core physical storage business has been characterized as acyclical and relatively stable. The company is actively expanding its digital solutions and data center footprint to adapt to the long-term trend of declining national paper usage. Demand for its data center services is currently experiencing strong growth, significantly accelerated by the rapid adoption of AI-enabled services and cloud computing.

Iron Mountain, Inc. is a global leader in information management services, operating as a publicly traded Real Estate Investment Trust (REIT). Its business includes information management, digital transformation, information security, data centers, and asset lifecycle management. The company's sector is primarily Real Estate, with significant operations in Technology and Communications and Business Services. Iron Mountain provides records management, data management, digital solutions, secure shredding, media and archive services, consumer storage, data center facilities, and asset lifecycle management (ALM), and is expanding its data center footprint and digital transformation services, leveraging AI and machine learning.

Iron Mountain operates in over 60 countries across North America, Europe, the Middle East, Africa, Asia, and Oceania. As of late 2024, it managed over 1,450 highly secure facilities worldwide, comprising 85 million square feet. The company's headquarters are located in Portsmouth, New Hampshire, in the United States.

Iron Mountain maintains a strong brand reputation as a trusted global leader in information management services, serving over 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000. Its brand is synonymous with secure data storage and management. Iron Mountain is also a component of the S&P 500 Index and a member of the FTSE4Good ethical investment stock market index, highlighting its commitment to ethical and sustainable business practices and ESG principles.

Iron Mountain's ownership is primarily dispersed among institutional investors, with a smaller portion held by retail and individual investors, and a minimal percentage by insiders. Approximately 70.77% of the company's stock is owned by institutional investors, 0.77% by insiders, and 28.46% by public companies and individual investors. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., State Street Corp, and Cohen & Steers, Inc.. Vincent J. Ryan is noted as the largest individual shareholder, owning 13.22% of the company's shares.