Iron Mountain Stock News

U.S. equity markets surged to fresh record-highs as investors cheered a confluence of positive headlines: a temporary ceasefire in the Middle East, productive trade talks, and progress on tax cuts. Oil prices tumbled after the U.S. destroyed a trio of Iranian nuclear facilities in a formidable and decisive show of force, eliciting a ceasefire between Israel and Iran. Traders priced in additiona...

IRM's valuation is unsustainably high, trading at a 100% premium to REIT peers despite core business risks. Growth is still driven by the paper storage segment, but I see secular decline risk as digital transformation and generative AI accelerate. Heavy debt-fueled investment in data centers hasn't yet shifted the business mix enough to justify the current premium.

PORSTMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management services, today provided an update on its recently awarded contract by the U.S. Department of the Treasury. The company has commenced work under the award and is actively digitizing documents and leveraging its proprietary intelligent digitization solution as part of the engagement. Earlier t...

Analysts have been cutting their estimates for companies' sales and profits, but there are always exceptions to trends.

Shares of Iron Mountain (IRM 0.35%) jumped 10.1% in May, according to data provided by S&P Global Market Intelligence . A big catalyst was the real estate investment trust's (REIT) strong first-quarter results.

REITs offer diversified, inflation-hedged income and capital appreciation, making them a compelling addition to any long-term investment portfolio. Current REIT valuations are attractive, with strong growth projected in sectors like data centers, industrial, net lease, and residential properties. I recommend focusing on quality REITs trading below historical multiples, emphasizing margin of saf...

IRM's well diversified prospects as a physical and digital storage provider has paid off handsomely, as observed in its blended organic growth rate of +11% YoY. This is especially relevant since market leaders have already signaled the durability of the data center spending boom, with the segment remaining a top/bottom-line growth driver. This is significantly aided by the legacy Global RIM bus...

The Dow Jones Equity All REIT index closed the recent week up 3.31%, compared with a 2.92% increase for the S&P 500 and a 3.00% gain for the Dow Jones Industrial Average. The self-storage REIT index jumped 5.63% during the week, the largest increase of the group. Industrial REIT Industrial Logistics Properties Trust saw the largest share-price increase among all US REITs with at least $200 mill...