Iron Mountain, Inc. (IRM)

In the past six months, Iron Mountain's stock has experienced positive momentum. As of July 18, 2025, IRM shares have gained 20.9% in the past three months, and year-to-date as of August 9, 2024, the shares had gained 53.4%. In Q1 2025, Iron Mountain reported record quarterly results with revenue of $1.6 billion, up 8% year-over-year, and raised its full-year guidance. Analysts maintain an "Overweight" rating with price targets ranging from $118 to $133, reflecting confidence in Iron Mountain's future prospects. In Q2 2025, Iron Mountain increased its dividend by 10%. The company continues to expand its digital and data center capabilities and has secured significant government contracts. The acquisition of Regency Technologies in early January 2024 aimed to enhance Iron Mountain's IT asset lifecycle management and disposition solutions.

Iron Mountain's business suggests a relatively stable demand with some potential influences. The core storage and records management segment provides a steady stream of recurring revenues. Demand in digital transformation and data center services is likely driven by ongoing technological advancements and increasing data generation. The company acknowledges that seasonality, industry trends, and evolving consumer demands are among the supply chain challenges it addresses. Iron Mountain's diversified revenue base across various industries and geographical locations contributes to stable revenues and likely mitigates significant demand seasonality.

Iron Mountain, Inc. (IRM), founded in 1951 and headquartered in Boston, Massachusetts, operates in the Real Estate sector, specifically in the REIT - Specialty industry. It specializes in information management, digital transformation, information security, data center services, and asset lifecycle management. The company manages approximately 1.4 billion cubic feet of physical records globally. Digital solutions generated $1.2 billion in revenue for Iron Mountain in 2022. Iron Mountain offers colocation data centers and related infrastructure services; as of Q1 2025, the company had 424 MW of operating data center capacity (96% leased), 185 MW under construction (79% pre-leased), and 671 MW held for future development. Iron Mountain provides climate-controlled storage facilities and museum-grade preservation techniques for specialized assets.

Iron Mountain has a significant global presence, serving over 240,000 organizations in 61 countries across North America, Europe, Latin America, Africa, Asia, and Oceania. The company's real estate network spans more than 85 million square feet across over 1,400 facilities. Its data center footprint alone includes more than 20 sites across 19 markets on three continents. Recent expansions include land acquisition in Phoenix, Arizona, for a new data center, and the acquisition of a data center park in Madrid, Spain. In 2021, Iron Mountain also expanded its presence in India through a joint venture with Web Werks, adding three data centers in Mumbai, Pune, and Delhi.

Iron Mountain generally maintains a strong brand reputation as a global leader in information management and storage services, trusted by approximately 95% of the Fortune 1000. Iron Mountain has made significant strides in sustainability, procuring 1,194,957 MWh of renewable electricity in 2023 and covering 87% of its global electricity use with renewable energy. The acquisition of Regency Technologies in early 2024 and the expansion of its data center footprint globally demonstrate its commitment to growth and meeting evolving customer needs. Consistently reporting strong financial results and raising guidance, as seen in Q1 2025, reinforces confidence in the company's stability and management.

Iron Mountain (NYSE: IRM) is primarily owned by institutional shareholders (81.67%), followed by Iron Mountain insiders (17.89%), and a small percentage by retail investors (0.44%). Major institutional owners include Vanguard Group Inc., BlackRock, Inc., State Street Corp, Cohen & Steers, Inc., Fmr Llc, and Geode Capital Management, Llc. The largest individual shareholder is Vincent J. Ryan, owning 39.04 million shares, representing 13.23% of the company.