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PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, will report its third quarter 2026 financial results before market hours on Thursday, November 5, 2026. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: https://investors.ironmountain.com, under “Quarterly Results” prior to the.

Venture Visionary Partners LLC lessened its holdings in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) by 51.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,735 shares of the financial services provider’s stock after selling 17,699 shares during the period. Venture Visionary Partners LLC’s holdings in Iron Mountain were worth $1,857,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Iron Mountain in the second quarter valued at approximately $4,240,342,000. Cohen & Steers Inc. increased its holdings in shares of Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after purchasing an additional 3,155,034 shares during the last quarter. Principal Financial Group Inc. lifted its position in Iron Mountain by 8.5% during the first quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock worth $466,382,000 after buying an additional 358,497 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Iron Mountain by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider’s stock worth $464,931,000 after buying an additional 122,927 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Iron Mountain during the second quarter worth $409,843,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Wall Street Analyst Weigh In Several analysts have issued reports on IRM shares. Wells Fargo & Company upped their target price on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Barclays lifted their price target on Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a report on Tuesday, September 8th. Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Rothschild & Co Redburn began coverage on shares of Iron Mountain in a report on Monday, September 21st. They issued a “buy” rating and a $132.00 price objective for the company. Finally, Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.83.

View Our Latest Stock Report on IRM Iron Mountain Trading Down 0.8% Shares of NYSE IRM opened at $115.55 on Thursday. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The stock has a fifty day simple moving average of $118.22 and a 200-day simple moving average of $119.55. The stock has a market capitalization of $34.40 billion, a PE ratio of 82.53 and a beta of 1.17.

Iron Mountain (NYSE:IRM – Get Free Report) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the company earned $1.24 EPS. Iron Mountain’s revenue was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, equities analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were given a dividend of $0.8640 per share. This represents a $3.46 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Iron Mountain’s dividend payout ratio is currently 247.14%.

Insider Transactions at Iron Mountain In related news, EVP Greg McIntosh sold 5,000 shares of Iron Mountain stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $110.72, for a total value of $553,600.00. Following the completion of the transaction, the executive vice president owned 70,634 shares in the company, valued at approximately $7,820,596.48. The trade was a 6.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Meaney sold 38,474 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $110.45, for a total transaction of $4,249,453.30. Following the sale, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,249,453.30. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 137,422 shares of company stock valued at $15,881,099. 1.70% of the stock is currently owned by corporate insiders.

Iron Mountain Profile (Free Report)

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.

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Iron Mountain (NYSE:IRM) expects to maintain a substantial pipeline of powered and permitted data center capacity as it leases existing inventory, while continuing to expand its asset lifecycle management and digital businesses, executives said at a company news event.

Chief Executive Officer Bill Meaney said the company had leased more than 50 megawatts in Mumbai during the third quarter, reducing its currently available energized data center pipeline to about 325 megawatts that is expected to be energized over the next 18 to 24 months. He said the company remains comfortable with that level of available capacity and sees a broad customer pipeline for those assets.

Looking further ahead, Meaney said Iron Mountain has more than 300 additional megawatts of permitted land with utility commitments for energization after the current period. That includes 200 megawatts of additional capacity planned in Manassas, Virginia. The company aims to maintain more than 300 megawatts of available capacity on a rolling 18- to 24-month basis, he said. Power Constraints Shape Data Center Expansion Meaney said utility delivery timelines are lengthening in both North America and Europe as power availability becomes more constrained. He said the company’s disclosed energized pipeline represents capacity for which power has already been committed, while its land acquisition efforts extend beyond that nearer-term capacity.

In the U.S., Meaney said decades of relying on energy efficiency rather than building transmission and generation capacity have contributed to current constraints. Europe faces a similar dynamic, complicated by efforts to balance renewable power on the grid, he said.

Meaney said Iron Mountain’s Madrid data center campus operated as intended during a summer brownout and blackout. In India, meanwhile, he said government officials have been highly supportive of data center development, frequently asking the company how much land and power it requires.

Iron Mountain continues to focus on markets that can become or remain top-tier data center hubs, Meaney said. He pointed to the company’s expansion in Manassas and Richmond, Virginia, as examples of markets that have gained broader acceptance as powered and permitted land has become scarcer. Internationally, he cited India, major European markets, including the FLAP markets and Madrid, and the Middle East as areas of interest.

The company initially entered India through a joint venture in order to gain local support in navigating the market and acquiring land, Meaney said. Iron Mountain later took majority control by providing capital for growth and eventually bought out its partner. In the Middle East, the company has partnered with telecom operator Ooredoo to establish a regional footprint.

Hyperscalers Remain Core Data Center Customers Meaney said Iron Mountain has not historically participated in large language model campuses, instead focusing on infrastructure used for AI inference and cloud deployments. More than 90% of the company’s data center leasing activity involves major cloud and AI providers, he said, with leases typically running 10 to 15 years.

Chief Financial Officer Barry Hytinen said the company expects the majority of future leasing to continue coming from high-investment-grade cloud hyperscalers. Iron Mountain has produced cash-on-cash unlevered returns of roughly 10% to 12% on data center deals signed over the past several years, he said.

Business with smaller customers, including neocloud providers and newer entrants, accounts for approximately 5% of the company’s portfolio, Hytinen said. He added that Iron Mountain has often opted to fully lease sites to single tenants on longer-duration agreements rather than operate them as enterprise colocation facilities.

ALM Growth Adds Another Expansion Avenue Hytinen highlighted Iron Mountain’s asset lifecycle management, or ALM, business as a significant growth opportunity. The business helps enterprises manage IT equipment when it becomes obsolete or is due for replacement, including secure handling, chain of custody and data sanitization.

The enterprise ALM market represents a $35 billion annual total addressable market, with about 75% associated with corporate and large-enterprise customers, Hytinen said. Iron Mountain generated about $30 million in enterprise ALM revenue in 2021 and expects approximately $600 million this year, according to Hytinen.

The company is also expanding services for hyperscale data center decommissioning. Iron Mountain takes in retired server equipment, wipes data, certifies its sanitization, disassembles the equipment and sells components through a revenue-sharing model, Hytinen said. He estimated the addressable market for hyperscale data center decommissioning was $3.5 billion last year and could double to $7 billion over the next four years.

Hytinen said Iron Mountain has completed seven ALM acquisitions in the past three years, generally paying between five and 7.5 times trailing EBITDA and rapidly realizing synergies. The acquired companies were founder-led, and their founders have remained with Iron Mountain as part of earn-out arrangements, he said.

Management Reaffirms AFFO Growth Framework Meaney said the company continues to target more than 10% annual growth in adjusted funds from operations per share, or AFFO per share. He said Iron Mountain’s growth businesses—ALM, data centers and digital—represented 15% of sales when the strategy began and now account for 35% of sales, with the mix potentially reaching 50% over time.

Those businesses are currently contributing 700 basis points of consolidated growth, Meaney said. While the segments have different margins and capital requirements, Hytinen said Iron Mountain’s core physical storage business continues to generate substantial cash flow with limited capital expenditures.

Hytinen said the company’s leverage stood just below five times, or about 4.8 times, compared with nearly six times seven years ago. Meaney said the company believes its cash generation and leverage profile allow it to fund growth without issuing equity, while supporting annual dividend growth of about 10%.

About Iron Mountain (NYSE:IRM) Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.

Iron Mountain Incorporated (IRM) Presents at RBC Capital Markets 2026 Global Communications and Infrastructure Conference Transcript

Iron Mountain (NYSE:IRM – Get Free Report) and Four Corners Property Trust (NYSE:FCPT – Get Free Report) are both real estate companies, but which is the better business? We will compare the two companies based on the strength of their risk, valuation, analyst recommendations, institutional ownership, profitability, dividends and earnings.

Risk & Volatility Iron Mountain has a beta of 1.18, indicating that its stock price is 18% more volatile than the S&P 500. Comparatively, Four Corners Property Trust has a beta of 0.79, indicating that its stock price is 21% less volatile than the S&P 500.

Analyst Ratings This is a breakdown of recent ratings and recommmendations for Iron Mountain and Four Corners Property Trust, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Iron Mountain 0 2 5 0 2.71 Four Corners Property Trust 0 5 5 0 2.50 Iron Mountain presently has a consensus price target of $139.83, suggesting a potential upside of 25.51%. Four Corners Property Trust has a consensus price target of $27.90, suggesting a potential upside of 25.61%. Given Four Corners Property Trust’s higher possible upside, analysts plainly believe Four Corners Property Trust is more favorable than Iron Mountain. Dividends Iron Mountain pays an annual dividend of $3.46 per share and has a dividend yield of 3.1%. Four Corners Property Trust pays an annual dividend of $1.47 per share and has a dividend yield of 6.6%. Iron Mountain pays out 247.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Four Corners Property Trust pays out 132.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Iron Mountain has increased its dividend for 3 consecutive years and Four Corners Property Trust has increased its dividend for 5 consecutive years. Four Corners Property Trust is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Valuation & Earnings This table compares Iron Mountain and Four Corners Property Trust”s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Iron Mountain $6.90 billion 4.81 $144.59 million $1.40 79.58 Four Corners Property Trust $294.13 million 8.29 $112.36 million $1.11 20.01 Iron Mountain has higher revenue and earnings than Four Corners Property Trust. Four Corners Property Trust is trading at a lower price-to-earnings ratio than Iron Mountain, indicating that it is currently the more affordable of the two stocks.

Insider & Institutional Ownership 80.1% of Iron Mountain shares are held by institutional investors. Comparatively, 98.7% of Four Corners Property Trust shares are held by institutional investors. 1.7% of Iron Mountain shares are held by insiders. Comparatively, 1.2% of Four Corners Property Trust shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Profitability This table compares Iron Mountain and Four Corners Property Trust’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Iron Mountain 5.54% -85.44% 3.30% Four Corners Property Trust 38.70% 7.35% 4.05% Summary Four Corners Property Trust beats Iron Mountain on 9 of the 16 factors compared between the two stocks.

About Iron Mountain (Get Free Report)

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.

(Get Free Report)

Four Corners Property Trust, Inc. engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties. The Restaurant Operations segment includes the Kerrow Restaurant operating business. The company was founded on July 2, 2015 and is headquartered in Mill Valley, CA.

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Mark Kidd, EVP, GM Data Centers & ALM at Iron Mountain Incorporated (IRM +0.18%), sold 6,000 shares of common stock at $115.60 per share on Sept. 1, 2026, according to a SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$694,000Shares sold6,000Post-transaction shares (directly held)95,507Post-transaction value$10.91 millionTransaction value based on SEC Form 4 weighted average sale price ($115.60); post-transaction value based on Sept. 1, 2026, market close ($114.22).

Key questionsWhat was the regulatory framework for this transaction?
The sale was conducted under a Rule 10b5-1 trading plan, a mechanism that allows insiders to schedule trades in advance to avoid concerns regarding material non-public information.How does the insider's remaining stake compare to the current market valuation?
Mark Kidd retains 95,507 shares held directly, representing a market value of ~$10.9 million as of the Sept. 1, 2026, market close.What has been the performance context for Iron Mountain shares leading up to this trade?
The company generated a one-year total return of 28% as of the transaction date, and the sale was executed at a weighted-average price of $115.60.What is the broader ownership profile for this executive?
The executive's direct equity holdings represent approximately 0.0321% of the company, which continues to operate as a global authority in storage and information management solutions with approximately 1,450 facilities.Company OverviewMetricValueShare Price (as of market close 2026-09-01)$114.22Market Capitalization$34 billionRevenue (TTM)$7.6 billionNet Income (TTM)$435.5 millionCompany SnapshotIron Mountain provides comprehensive storage and information management solutions, operating approximately 1,450 facilities across 50 countries with over 90 million square feet of physical infrastructure that safeguards billions of valued items for more than 225,000 organizations globally.The company generates revenue through a diversified business model centered on secure storage services, records management, data protection, and specialized asset management solutions that serve as critical infrastructure for enterprise clients requiring compliance and risk mitigation.Iron Mountain's primary customer base comprises large enterprises, financial institutions, healthcare organizations, and government agencies that depend on the company's services to manage sensitive documents, digital assets, and compliance-critical information.

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As the world's leading provider of storage and information management solutions, Iron Mountain has established a dominant market position through its extensive global infrastructure and trusted relationships with over 225,000 organizations. The company's competitive advantage derives from its scale, geographic diversification across approximately 50 countries, and comprehensive service offerings that address complex regulatory and operational requirements across multiple industries.

With TTM revenue of $7.6 billion and a market capitalization of $34 billion, Iron Mountain operates as a specialized real estate investment trust positioned to capitalize on growing demand for secure data management and compliance-driven storage solutions.

What this transaction means for investorsThis sale shouldn't concern investors. It was executed under a Rule 10b5-1 plan that insiders commonly use to execute pre-planned transactions for personal financial management purposes, avoiding concerns about acting on non-public information.

Moreover, the executive retained a large stake of more than 95,000 shares in the company's stock.

Importantly, Iron Mountain continues to expand. TTM revenue grew 17% year over year to $7.6 billion. Its operating profit grew 35%, reaching $1.4 billion, demonstrating a highly profitable business model.

However, the stock may need to cool off before heading higher. The strong run over the past few years has lifted its valuation to expensive levels on a price-to-earnings basis. Analysts are only expecting earnings to grow at an annualized rate of 12% in the coming years. Overall, Iron Mountain is solidly positioned to continue benefiting from growing demand for its physical storage business.

John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Iron Mountain. The Motley Fool has a disclosure policy.

Key Takeaways Iron Mountain will catalog and digitize the Opera's performance posters in high fidelity.Digitized posters will be available on the Opera's website, expanding access beyond physical formats.The partnership showcases Iron Mountain's digital transformation and preservation capabilities. Iron Mountain (IRM - Free Report) has partnered with the Opera national de Paris to preserve and digitize portions of the institution’s visual heritage. As the Opera’s Technology and Heritage Valorization Partner, Iron Mountain will use its preservation expertise and Insight DXP solutions to help safeguard historically important assets while expanding digital access.

The initiative will initially focus on cataloging and high-fidelity digitization of the Opera’s performance posters. Once digitized, the collection will be accessible through the Opera’s website, allowing audiences to explore and share the posters beyond the limitations of their physical formats.

The collaboration supports the Opera national de Paris’ broader goal of modernizing the preservation of its 350-year cultural legacy. By combining heritage conservation with digital technology, the institution aims to make its historical collections more accessible to audiences worldwide and preserve them for future generations.

For Iron Mountain, the partnership highlights the breadth of its capabilities beyond traditional records storage, spanning information management, digital transformation and intelligent workflows. The project also provides a prominent cultural use case for its digital solutions and strengthens its position as a provider of preservation and digitization services.

Over the past six months, shares of this Zacks Rank #3 (Hold) company have gained 3.8% against the industry’s flat performance.

Image Source: Zacks Investment Research

Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Lamar Advertising (LAMR - Free Report) and OUTFRONT Media (OUT - Free Report) , each carrying a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for LAMR’s 2026 FFO per share is pegged at $8.93, which indicates year-over-year growth of 8.1%.

The consensus estimate for OUT’s 2026 FFO per share has moved 1.3% upward over the past month to $2.32, calling for a rise of 16.6% year over year.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.

PARIS--(BUSINESS WIRE)--For three and a half centuries, the Opéra national de Paris has been the heartbeat of the performing arts world. To ensure this storied past remains accessible to future audiences, the Opéra is partnering with Iron Mountain (NYSE: IRM) to preserve, digitize, and enhance access to the institution’s visual collections. Drawing on Iron Mountain’s 75-year history of innovation, specialized expertise, and the Insight® DXP suite of solutions, the Opéra will make select heritage assets more accessible to future audiences through a digital legacy.

As the Opéra’s Technology and Heritage Valorization Partner, Iron Mountain will support a program that combines cataloguing, on-site digitization and digital access to some of the Opéra’s assets, starting with the high-fidelity capture of its performance posters, which will be made available as a digital experience. By digitizing these assets, the partnership will support the preservation, documentation and accessibility of these collections and unlock new ways for the public to engage with the institution’s rich heritage.

“Our partnership with Iron Mountain is a key to the Opéra national de Paris’ commitment to modernize, protect, and ensure access to our cultural heritage for future generations,” said Alexander Neef, General Director of the Opéra national de Paris. “By integrating Iron Mountain’s technological capabilities into our preservation strategy, we are not just preserving history, we are ensuring that the Opéra’s 350-year legacy remains an accessible resource for the global stage for years to come.”

Once digitized, these posters can move beyond the constraints of their physical format to be explored, shared and brought to life through new digital experiences. This gives the Opéra’s visual heritage a new life, making it more accessible to wider audiences. Through Iron Mountain’s digital platform, everyone will be able to browse the entire collection of digitized posters in high fidelity directly from the Opéra’s website.

"The heritage of an institution like the Opéra is a precious legacy that we must constantly strive to elevate," emphasizes Louis Henocq, President of Iron Mountain France. "As we celebrate European Heritage Days this month, the importance of making our history accessible to everyone resonates with particular strength. We are incredibly proud to support the Opéra’s ambition by mobilizing our full range of expertise, from the preservation of historical records to digital innovation, to ensure these masterpieces continue to inspire future generations."

Learn more about how Iron Mountain can help with heritage preservation.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) partners with more than 240,000 customers across 61 countries, including approximately 95% of the Fortune 1000. We serve as the trusted guardians of what matters most, helping unlock what’s possible. By connecting physical, digital, and intelligent workflows, our lifecycle solutions help organizations realize enterprise value at scale. From complex challenges across information management and digital transformation to data security, data centers, and asset lifecycle management, we empower organizations to navigate an ever-changing landscape to prepare for tomorrow’s possibilities. Our longstanding commitment to safety, security, sustainability, and continuous innovation defines everything we do.

To learn more about Iron Mountain, please visit www.IronMountain.com.

About the Opéra national de Paris

The Opéra national de Paris is a public institution whose mission is to make works of operatic and choreographic heritage accessible to the widest possible audience; to promote the creation and performance of contemporary works; to contribute to the training and professional development of singers, dancers and vocal coaches; and to support the development of opera and dance in France and internationally.

Concurrent Investment Advisors LLC grew its holdings in Iron Mountain Incorporated (NYSE:IRM – Free Report) by 71.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,121 shares of the financial services provider’s stock after buying an additional 4,617 shares during the period. Concurrent Investment Advisors LLC’s holdings in Iron Mountain were worth $1,405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Iron Mountain in the 2nd quarter worth $4,240,342,000. Cohen & Steers Inc. boosted its position in shares of Iron Mountain by 20.0% during the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after purchasing an additional 3,155,034 shares during the period. State Street Corp boosted its position in shares of Iron Mountain by 1.9% during the third quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after buying an additional 322,144 shares during the period. Geode Capital Management LLC boosted its holdings in Iron Mountain by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock valued at $685,374,000 after acquiring an additional 102,073 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Iron Mountain by 18.1% in the third quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after purchasing an additional 776,933 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Wall Street Analysts Forecast Growth IRM has been the subject of several analyst reports. Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Wells Fargo & Company lifted their target price on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays upped their price objective on Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Truist Financial increased their target price on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $137.83.

Get Our Latest Stock Report on Iron Mountain Insider Activity In other news, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $693,600.00. Following the completion of the sale, the executive vice president directly owned 95,507 shares of the company’s stock, valued at $11,040,609.20. The trade was a 5.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Meaney sold 38,474 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $114.08, for a total value of $4,389,113.92. Following the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,389,113.92. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 132,422 shares of company stock valued at $15,803,807 in the last ninety days. Company insiders own 1.70% of the company’s stock.

Iron Mountain Trading Down 0.7% Shares of IRM stock opened at $115.25 on Thursday. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The firm has a 50-day moving average price of $121.58 and a 200 day moving average price of $118.81. The company has a market capitalization of $34.31 billion, a price-to-earnings ratio of 82.33 and a beta of 1.18.

Iron Mountain (NYSE:IRM – Get Free Report) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the company earned $1.24 EPS. Iron Mountain’s revenue for the quarter was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, research analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be given a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 3.0%. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

Iron Mountain Profile (Free Report)

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data storage company. Founded in 1951, the company helps organizations protect, manage and preserve physical and digital information throughout its lifecycle.

Its services include records storage, document management, secure shredding and destruction, information governance, data backup and recovery, and digital transformation. Iron Mountain also operates data centers that support colocation, cloud connectivity and other infrastructure needs for businesses and public-sector organizations.

The company serves customers across a range of industries, including financial services, healthcare, government, legal services and entertainment.

Further Reading Five stocks we like better than Iron Mountain Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer Sovereign AI: Palantir and Nebius Cut the Cloud Cord Want to see what other hedge funds are holding IRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iron Mountain Incorporated (NYSE:IRM – Free Report).

Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.

Arizona State Retirement System lifted its position in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,291 shares of the financial services provider’s stock after acquiring an additional 4,928 shares during the period. Arizona State Retirement System’s holdings in Iron Mountain were worth $10,773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in IRM. Waverly Advisors LLC raised its holdings in shares of Iron Mountain by 4.8% during the 2nd quarter. Waverly Advisors LLC now owns 37,733 shares of the financial services provider’s stock worth $4,766,000 after buying an additional 1,715 shares in the last quarter. Nykredit A S bought a new stake in shares of Iron Mountain during the 2nd quarter worth $13,195,000. Parkside Financial Bank & Trust boosted its stake in Iron Mountain by 179.1% in the second quarter. Parkside Financial Bank & Trust now owns 4,184 shares of the financial services provider’s stock valued at $528,000 after buying an additional 2,685 shares in the last quarter. Corient Private Wealth LP grew its position in Iron Mountain by 2.0% in the second quarter. Corient Private Wealth LP now owns 216,659 shares of the financial services provider’s stock valued at $27,366,000 after acquiring an additional 4,341 shares during the last quarter. Finally, Amundi grew its position in Iron Mountain by 7.0% in the second quarter. Amundi now owns 1,168,430 shares of the financial services provider’s stock valued at $147,584,000 after acquiring an additional 76,856 shares during the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.

Analyst Upgrades and Downgrades A number of research firms have recently commented on IRM. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Wells Fargo & Company lifted their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Truist Financial lifted their price target on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, Barclays raised their target price on shares of Iron Mountain from $143.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $137.83.

Get Our Latest Analysis on Iron Mountain Iron Mountain Price Performance Shares of NYSE IRM opened at $115.25 on Thursday. The company has a 50 day simple moving average of $121.58 and a 200 day simple moving average of $118.81. The firm has a market cap of $34.31 billion, a PE ratio of 82.33 and a beta of 1.18. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68.

Iron Mountain (NYSE:IRM – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.During the same period in the prior year, the business posted $1.24 earnings per share. Iron Mountain’s quarterly revenue was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, research analysts anticipate that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

Insider Activity at Iron Mountain In other news, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the transaction, the executive vice president directly owned 101,507 shares in the company, valued at $12,454,908.90. This represents a 5.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 132,422 shares of company stock worth $15,803,807 over the last quarter. Company insiders own 1.70% of the company’s stock.

Iron Mountain Profile (Free Report)

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data storage company. Founded in 1951, the company helps organizations protect, manage and preserve physical and digital information throughout its lifecycle.

Its services include records storage, document management, secure shredding and destruction, information governance, data backup and recovery, and digital transformation. Iron Mountain also operates data centers that support colocation, cloud connectivity and other infrastructure needs for businesses and public-sector organizations.

The company serves customers across a range of industries, including financial services, healthcare, government, legal services and entertainment.

Read More Five stocks we like better than Iron Mountain Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer Sovereign AI: Palantir and Nebius Cut the Cloud Cord Want to see what other hedge funds are holding IRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iron Mountain Incorporated (NYSE:IRM – Free Report).

Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.

It has been about a month since the last earnings report for Iron Mountain (IRM - Free Report) . Shares have lost about 5.7% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Iron Mountain due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Iron Mountain Incorporated before we dive into how investors and analysts have reacted as of late.

Iron Mountain’s Q2 AFFO Beats Estimates on Data Center and ALM Growth, '26 View UpIron Mountain reported second-quarter 2026 AFFO of $1.44 per share, up 16.1% year over year. The figure surpassed the Zacks Consensus Estimate by 2.9%.

Revenues of $2.03 billion increased 18.5% and beat the consensus mark of $1.97 billion. The upside reflected broad-based strength, with data center revenues advancing 38.8% and asset lifecycle management benefiting from robust enterprise and decommissioning activity.

Iron Mountain’s Revenue Mix Supports Broad GrowthStorage rental revenues rose 12.3% year over year to $1.13 billion. Service revenues increased 27.4% to $894.5 million, underscoring the growing contribution from faster-expanding offerings outside the traditional records storage business.

Organic revenues jumped 16.8% on a constant-currency basis, excluding acquisitions and divestitures. Organic storage rental growth was 11.3%, while organic service growth reached 24.8%, showing that internal execution rather than deal activity drove most of the quarter’s expansion.

Iron Mountain's RIM Business Stays ResilientGlobal Records and Information Management revenues increased 8.3% to $1.43 billion. Storage rental revenues in the segment rose 6.6%, while service revenues advanced 10.9%, supported by revenue management, digital solutions and continued customer activity.

The segment generated adjusted EBITDA of $620.8 million compared with $586.3 million a year earlier. Its adjusted EBITDA margin contracted 100 basis points to 43.3%, as faster service growth carried a different margin profile than the highly recurring storage business.

Global storage volume reached a record 747.9 million cubic feet, up from 735.8 million a year ago. Storage facility utilization improved to 81.6% from 80.6%, while the records management retention rate increased 40 basis points to 93.4%.

Iron Mountain's Data Center Momentum StrengthensGlobal Data Center revenues climbed to $262.9 million from $189.4 million. Storage rental revenues grew 37.5% and the segment’s adjusted EBITDA increased to $137.3 million, with margin expanding 140 basis points to 52.2%.

Iron Mountain signed 13 megawatts of new and expansion leases during the second quarter. Leasing reached 110 megawatts through July after an additional 75 megawatts were signed following quarter-end. The company also cited a backlog supporting $370 million of revenue growth beyond 2026 before including the July leasing.

The operating portfolio had 528.5 leasable megawatts and was 97.1% leased. Management expects roughly 325 megawatts of available-to-lease capacity to become energized over the next 24 months as it works toward total developable capacity of approximately 1.4 gigawatts.

Iron Mountain's ALM and Digital Engines ExpandCorporate and Other revenues surged 67.4% to $332.6 million. Service revenues rose 73.7%, reflecting strong asset lifecycle management performance across enterprise solutions and data center decommissioning.

ALM revenues increased 88% on a reported basis and 82% organically. Management also highlighted record digital revenues and growing traction for Insight DXP, its artificial intelligence-powered platform, including a multi-year managed-services agreement spanning 45 countries.

Iron Mountain's Costs and Balance Sheet Remain ManageableTotal operating expenses increased 14% to $1.66 billion, slower than revenue growth. Operating income advanced 43.7% to $373.5 million, though adjusted EBITDA margin declined 90 basis points to 35.8%, partly reflecting the mix shift toward rapidly growing service businesses.

Net lease-adjusted leverage remained at 4.8 times, within management’s target range of 4.5-5.5 times. Cash and cash equivalents were $204.8 million at quarter-end, while net debt totaled about $17.28 billion.

Iron Mountain Raises 2026 OutlookIron Mountain raised its full-year AFFO per share forecast to $5.87-$5.93 from the earlier guided range of $5.79-$5.86. The midpoint implies approximately 14% growth, supported by continued momentum across records management, data centers, digital solutions and ALM.

How Have Estimates Been Moving Since Then?Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.

VGM ScoresAt this time, Iron Mountain has a nice Growth Score of B, a score with the same score on the momentum front. However, the stock was allocated a score of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook Iron Mountain has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerIron Mountain is part of the Zacks Business - Information Services industry. Over the past month, TransUnion (TRU - Free Report) , a stock from the same industry, has gained 7.2%. The company reported its results for the quarter ended June 2026 more than a month ago.

TransUnion reported revenues of $1.31 billion in the last reported quarter, representing a year-over-year change of +14.9%. EPS of $1.23 for the same period compares with $1.08 a year ago.

TransUnion is expected to post earnings of $1.21 per share for the current quarter, representing a year-over-year change of +10%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for TransUnion. Also, the stock has a VGM Score of B.

Iron Mountain Expands Footprint in the Middle East with Social Development Bank Partnership LEAP 2026 – Iron Mountain (NYSE: IRM), a global leader in information management services, today announced an agreement with the Social Development Bank in Saudi Arabia to support the bank’s ongoing digital transformation by modernizing document-intensive financing processes through AI-powered intelligent document processing. The bank will leverage Iron Mountain InSight® DXP’s intelligent document processing capabilities across its small and medium enterprise (SME) loan operations.

The initiative illustrates how Iron Mountain helps organizations transition from traditional document management to AI-enabled business processes. InSight DXP converts complex, unstructured content into governed, actionable information, improving operational efficiency and enabling better-informed decisions.

“At Social Development Bank, our approach to digital transformation goes beyond automating existing processes. We’re focused on leveraging advanced technologies and artificial intelligence to enhance operational efficiency, strengthen data quality and governance, and continuously improve the experience of our beneficiaries. This collaboration with Iron Mountain supports that direction by establishing a more intelligent, scalable foundation for our financing operations,” said Abdulrahman Bin Fehaid, Executive Director of Cybersecurity and Business Continuity, overseeing Documents and Archives Management, Social Development Bank.

Insight DXP will automatically classify documents, extract relevant information, validate it against lending business rules, and identify missing or inconsistent documentation. The solution will also include human review, focusing primarily on exceptions and cases requiring further attention or judgment.

By reducing manual processing, the initiative will help Social Development Bank enhance the efficiency and consistency of its document workflows, improve data quality, and support faster processing to deliver a more seamless financing experience for beneficiaries. Initial implementation will focus on select SME lending processes to establish a scalable, AI-ready foundation to support additional products, document types, and workflows. Project implementation is underway with go-live targeted in Q3 2026.

“Across Saudi Arabia and the wider Middle East region, organizations are moving beyond basic digitization to drive measurable business outcomes. Iron Mountain’s collaboration with the Social Development Bank demonstrates how intelligent information management can support national digital transformation priorities, strengthen operational resilience, and create a foundation for future growth,” said Wojciech Bajda, Vice President, MENAT, Iron Mountain.

This initiative is part of Iron Mountain’s accelerated regional expansion, including a recent strategic partnership with stc Bahrain to drive enterprise digital transformation in Bahrain.

Learn more about Iron Mountain InSight® DXP.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) partners with more than 240,000 customers across 61 countries, including approximately 95% of the Fortune 1000. We serve as the trusted guardians of what matters most, helping unlock what’s possible. By connecting physical, digital, and intelligent workflows, our lifecycle solutions help organizations realize enterprise value at scale. From complex challenges across information management and digital transformation to data security, data centers, and asset lifecycle management, we empower organizations to navigate an ever-changing landscape to prepare for tomorrow’s possibilities. Our longstanding commitment to safety, security, sustainability, and continuous innovation defines everything we do.

To learn more about Iron Mountain, please visit www.IronMountain.com.

About the Social Development Bank

The Bank considers social development to be an important pillar of development in empowering citizens through the provision of accessible financing products and programmes to contribute effectively and influentially.

Building, development and boosting the national economy, and since its inception, the Bank for Social Development has witnessed fundamental developments that it has developed today as one of the most important development institutions.

Which plays an active and influential role in the process of social and economic development within the components of the dear country, in the belief of rational leadership in the importance of the roles that have been played by

Provides it in the area of affordable development finance programmes for the children of this country, on the one hand, and supports small and emerging enterprises as an important contributor to building the economy of the Kingdom on the other.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260901766297/en/

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, announced today that it will present at two upcoming investor conferences: Goldman Sachs Communacopia + Technology Conference 2026 Date: Tuesday, September 8, 2026 Time: 11:30 am PT (2:30 pm ET) Presenter: Barry A. Hytinen, Executive Vice President and Chief Financial Officer RBC Capital Markets 2026 Global Communications Infrastructure Conference Date: Tuesday, Septemb.

Freestone Grove Partners LP purchased a new position in Iron Mountain Incorporated (NYSE:IRM – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,753 shares of the financial services provider’s stock, valued at approximately $600,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Iron Mountain during the second quarter worth about $4,240,342,000. Norges Bank bought a new stake in shares of Iron Mountain in the 4th quarter valued at about $368,890,000. Legal & General Group Plc bought a new stake in shares of Iron Mountain in the 2nd quarter valued at about $409,843,000. Cohen & Steers Inc. raised its position in shares of Iron Mountain by 20.0% in the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after acquiring an additional 3,155,034 shares during the period. Finally, Deutsche Bank AG bought a new position in Iron Mountain during the 2nd quarter worth approximately $385,129,000. Institutional investors own 80.13% of the company’s stock.

Insiders Place Their Bets In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the transaction, the executive vice president owned 101,507 shares in the company, valued at approximately $12,454,908.90. This represents a 5.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the sale, the chief executive officer directly owned 38,474 shares in the company, valued at $4,681,131.58. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 82,948 shares of company stock valued at $10,143,093. Company insiders own 1.70% of the company’s stock.

Iron Mountain Stock Performance NYSE IRM opened at $117.55 on Monday. The stock has a market cap of $34.99 billion, a price-to-earnings ratio of 83.96 and a beta of 1.20. The business has a 50 day simple moving average of $123.89 and a 200 day simple moving average of $118.28. Iron Mountain Incorporated has a 52-week low of $77.77 and a 52-week high of $134.68. Iron Mountain (NYSE:IRM – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, analysts predict that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be paid a $0.864 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.9%. Iron Mountain’s dividend payout ratio is presently 247.14%.

Analysts Set New Price Targets Several equities research analysts have commented on the stock. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings cut shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Wells Fargo & Company upped their price objective on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Barclays lifted their target price on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

Read Our Latest Analysis on Iron Mountain

Iron Mountain Company Profile (Free Report)

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.

Featured Stories Five stocks we like better than Iron Mountain Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally Rubrik’s AI Security Bet Could Power the Next Leg Higher Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against? Want to see what other hedge funds are holding IRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iron Mountain Incorporated (NYSE:IRM – Free Report).

Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.

Callan Family Office LLC purchased a new position in Iron Mountain Incorporated (NYSE:IRM – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,041 shares of the financial services provider’s stock, valued at approximately $1,142,000.

A number of other hedge funds also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its position in Iron Mountain by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,889 shares of the financial services provider’s stock worth $3,461,000 after acquiring an additional 100 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of Iron Mountain by 15.4% in the 4th quarter. Rothschild Investment LLC now owns 780 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 104 shares during the period. Meeder Advisory Services Inc. increased its position in shares of Iron Mountain by 2.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,741 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 107 shares during the last quarter. Corrado Advisors LLC raised its holdings in Iron Mountain by 0.6% during the 4th quarter. Corrado Advisors LLC now owns 19,856 shares of the financial services provider’s stock valued at $1,647,000 after buying an additional 110 shares during the period. Finally, Essential Partners LLC lifted its position in Iron Mountain by 24.4% in the first quarter. Essential Partners LLC now owns 561 shares of the financial services provider’s stock worth $57,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Insider Buying and Selling at Iron Mountain In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the sale, the executive vice president directly owned 101,507 shares in the company, valued at approximately $12,454,908.90. This represents a 5.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at $4,681,131.58. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 127,422 shares of company stock valued at $15,810,652 over the last quarter. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth A number of research analysts have weighed in on IRM shares. JPMorgan Chase & Co. boosted their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Truist Financial set a $140.00 target price on Iron Mountain in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.17. Get Our Latest Stock Report on Iron Mountain

Iron Mountain Price Performance IRM stock opened at $121.34 on Tuesday. The company has a market capitalization of $36.12 billion, a PE ratio of 86.68 and a beta of 1.20. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The firm’s 50-day moving average is $124.42 and its 200 day moving average is $117.50.

Iron Mountain (NYSE:IRM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. Sell-side analysts forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.864 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. Iron Mountain’s payout ratio is 247.14%.

Iron Mountain Profile (Free Report)

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.

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Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.

B. Metzler seel. Sohn & Co. AG bought a new position in shares of Iron Mountain Incorporated (NYSE:IRM – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,219 shares of the financial services provider’s stock, valued at approximately $4,322,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BDFS Capital LLC purchased a new position in shares of Iron Mountain during the fourth quarter worth about $340,000. Allstate Corp raised its stake in Iron Mountain by 105.1% in the fourth quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock valued at $1,860,000 after purchasing an additional 11,492 shares in the last quarter. Intact Investment Management Inc. lifted its position in Iron Mountain by 103.4% during the fourth quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock valued at $5,939,000 after purchasing an additional 36,400 shares during the last quarter. Stevens Capital Management LP bought a new stake in Iron Mountain during the fourth quarter valued at approximately $1,262,000. Finally, Deutsche Bank AG purchased a new position in Iron Mountain in the 2nd quarter worth approximately $385,129,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Iron Mountain Stock Down 0.6% Shares of IRM opened at $122.19 on Friday. The stock has a market capitalization of $36.38 billion, a P/E ratio of 87.28 and a beta of 1.20. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68. The firm has a fifty day simple moving average of $124.52 and a two-hundred day simple moving average of $117.08.

Iron Mountain (NYSE:IRM – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. Sell-side analysts expect that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year. Iron Mountain Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be given a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

Insider Activity at Iron Mountain In related news, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction on Friday, August 7th. The shares were sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the sale, the executive vice president owned 101,507 shares in the company, valued at approximately $12,454,908.90. This trade represents a 5.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 127,422 shares of company stock worth $15,810,652 over the last three months. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets IRM has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. upped their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Barclays increased their target price on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Finally, Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.17.

View Our Latest Stock Report on Iron Mountain

Iron Mountain Company Profile (Free Report)

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.

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Capital Financial Group Inc. Co. ADV bought a new position in Iron Mountain Incorporated (NYSE:IRM – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,979 shares of the financial services provider’s stock, valued at approximately $2,018,000. Iron Mountain accounts for approximately 1.1% of Capital Financial Group Inc. Co. ADV’s holdings, making the stock its 19th biggest position.

Several other institutional investors have also made changes to their positions in IRM. Bell Investment Advisors Inc acquired a new stake in shares of Iron Mountain during the second quarter valued at approximately $26,000. Elevation Wealth Partners LLC boosted its stake in Iron Mountain by 444.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 283 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 231 shares during the period. Dynamic Wealth Strategies LLC acquired a new position in Iron Mountain in the 1st quarter worth approximately $31,000. Garton & Associates Financial Advisors LLC purchased a new position in Iron Mountain during the 4th quarter worth approximately $25,000. Finally, Johnson Financial Group Inc. acquired a new stake in Iron Mountain during the 3rd quarter valued at $32,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes A number of research firms have recently issued reports on IRM. Wells Fargo & Company increased their target price on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. lifted their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Barclays raised their price objective on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Finally, Truist Financial set a $140.00 target price on Iron Mountain in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.17.

Check Out Our Latest Report on IRM Iron Mountain Stock Up 0.3% Iron Mountain stock opened at $129.80 on Tuesday. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68. The company’s fifty day simple moving average is $124.68 and its 200-day simple moving average is $116.38. The stock has a market cap of $38.64 billion, a P/E ratio of 92.71 and a beta of 1.20.

Iron Mountain (NYSE:IRM – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the firm earned $1.24 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, equities research analysts expect that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s payout ratio is currently 247.14%.

Insider Transactions at Iron Mountain In related news, Director Walter C. Rakowich sold 757 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the transaction, the director owned 1,135 shares of the company’s stock, valued at approximately $141,250.75. This trade represents a 40.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of Iron Mountain stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 135,368 shares of company stock valued at $16,807,080 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Profile (Free Report)

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.

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Greg W. McIntosh, EVP, Chief Commercial Officer, reported a sale of 11,839 shares of Iron Mountain Incorporated (IRM +1.82%) on Aug. 6, 2026, according to a SEC Form 4 filing.

Transaction summaryMetricValueTransaction value~$1.5 millionShares sold11,839Post-transaction shares (directly held)80,634Post-transaction value$9.83 millionTransaction value based on SEC Form 4 weighted average sale price ($127.13); post-transaction value based on August 06, 2026, market close ($121.96).

Key questionsHow did the Rule 10b5-1 plan influence this transaction?
The sale was conducted pursuant to a trading plan adopted by McIntosh on May 8, 2026, which allows for scheduled transactions to be executed at predetermined times to manage personal liquidity and diversification.What were the mechanics of the derivative conversion?
The insider exercised 11,839 stock options at a strike price of $37.00 per share and immediately sold the shares at a weighted average price of $127.13 per share to capture the spread.What is the status of the insider's remaining equity position?
Following this transaction, McIntosh continues to hold 80,634 shares of common stock directly, maintaining a significant equity stake valued at $9.83 million as of the Aug. 6, 2026, market close.How has the stock performed relative to this transaction?
As of the transaction date on Aug. 6, 2026, Iron Mountain had delivered a one-year total return of 40%, providing a favorable valuation environment for the planned exercise and sale.Company OverviewMetricValueShare Price (as of market close 2026-08-07)$121.15Market Capitalization$37 billionRevenue (TTM)$7.6 billionNet Income (TTM)$434 millionCompany SnapshotIron Mountain provides comprehensive storage and information management solutions, including physical document storage, data centers, and secure asset management services across its global network of approximately 1,450 facilities spanning over 90 million square feet.The company operates a recurring revenue business model centered on long-term service contracts with customers who require secure storage, retrieval, and management of critical physical and digital assets.Iron Mountain serves more than 225,000 organizations globally, including corporations, financial institutions, healthcare providers, and government agencies that depend on secure information management and regulatory compliance solutions.

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Established in 1951, Iron Mountain has evolved into the global leader in storage and information management, operating in approximately 50 countries and serving a diversified customer base across multiple industries.

The company's competitive advantage derives from its extensive physical infrastructure, proprietary technology platforms, and deep expertise in regulatory compliance and data security.

With a market capitalization of $37 billion and TTM revenues of $7.6 billion, Iron Mountain maintains a strong market position as a specialized real estate investment trust focused on mission-critical asset management.

What this transaction means for investorsThis sale shouldn’t concern investors. It represented a small percentage of the executive’s stake in the company’s stock. McIntosh still retains a sizable stake after the sale.

Additionally, it was completed under a Rule 10b5-1 plan. This is designed to allow insiders to make pre-planned sales for personal reasons without the appearance of acting on non-public information or on any reason tied to their view of the stock’s valuation or business performance.

Importantly, Iron Mountain’s TTM revenue grew 13% year over year. Operating profit grew even faster, by 35%. The company has strong momentum driven by AI and data center demand. It has leased 110 megawatts so far this year and still has 325 megawatts in the pipeline.

The stock trades at a high multiple of earnings, but analysts expect stronger earnings growth in the coming years that may justify the premium.

John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Iron Mountain. The Motley Fool has a disclosure policy.

3 REITs to Watch as AI Data Center Spending Surpasses Office ConstructionIron Mountain NYSE: IRM reported record second-quarter results for 2026, with revenue rising 19% year over year to $2.03 billion and adjusted EBITDA increasing 16% to $727 million, as growth in data centers, asset lifecycle management and digital solutions outpaced the company’s expectations.

President and Chief Executive Officer Will Meaney said organic revenue grew 17% during the quarter, while adjusted funds from operations, or AFFO, increased 17%. The company’s data center, asset lifecycle management, or ALM, and digital businesses collectively grew by more than 50%, contributing 35% of second-quarter revenue, up 750 basis points from a year earlier.

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4 High-Yield Real Estate Stocks to Buy as Investors Get Defensive“Our team delivered another outstanding performance with record-breaking second quarter results exceeding our expectations across all metrics,” Meaney said.

Data Center Leasing and Capacity Iron Mountain’s data center business generated $263 million in second-quarter revenue, up $73 million, or 39%, from the prior year. The segment’s adjusted EBITDA rose $41 million to $137 million, and its adjusted EBITDA margin increased 140 basis points year over year to 52.2%.

Picks & Shovels: Investing in the Physical Foundation of AIThe company signed 13 megawatts of new data center leases in the second quarter, including a 10-megawatt lease in Amsterdam. In July, it signed an additional 75 megawatts of leases, bringing year-to-date leasing to 110 megawatts. July activity included a 25-megawatt lease that fully leased Iron Mountain’s London Three asset and a 51-megawatt, 10-year agreement with a major global hyperscaler in Mumbai.

Meaney said the company has about 325 megawatts of capacity expected to be energized during the next 24 months, following leasing activity in the first half and July. He said demand is strong across the company’s pipeline, including at its Richmond campus, in Europe and in India.

Management said it expects to “meaningfully exceed” its original 100-megawatt full-year leasing target, though executives noted that large hyperscale leases can be uneven from quarter to quarter. Chief Financial Officer Barry Hytinen said the company plans to emphasize its energization schedule rather than issue annual leasing guidance, describing the available capacity as located in attractive markets with robust customer pipelines.

ALM Growth Drives Revenue Upside ALM revenue rose 88% year over year to $288 million, including 82% organic growth. Hytinen said the segment exceeded the company’s prior projection by more than $45 million, supported by both enterprise ALM services and hyperscale data center decommissioning.

Enterprise ALM revenue grew more than 60% organically, aided by expansion with existing customers and new contract wins. Data center decommissioning revenue increased more than 100% from the prior year, partially reflecting about $30 million of timing benefits from large hyperscaler projects that were accelerated into the second quarter.

Meaney characterized ALM as a multibillion-dollar opportunity, citing a $35 billion addressable market. The company said the enterprise channel accounts for roughly 75% of that market and offers recurring activity and cross-selling opportunities across Iron Mountain’s customer base of more than 240,000 customers.

Iron Mountain raised its full-year ALM revenue outlook and now expects the business to approach $1 billion in 2026 revenue. Hytinen said the enterprise ALM business is expected to grow more than 50% this year and generate slightly more than $600 million of full-year revenue.

The company also recently acquired Group ATF, an ALM provider in France and Belgium. Hytinen said the transaction closed around Aug. 1 and involves annual revenue in the high teens of millions. Iron Mountain expects approximately $7 million of revenue contribution during the second half, with the acquired business carrying an EBITDA margin in the low 20% range before expected cost and revenue synergies.

Records and Digital Businesses Continue to Expand Global records and information management revenue reached a quarterly record of $1.4 billion, up 8% on a reported basis and 7% organically. Storage revenue rose 5% organically, while services revenue increased 9% organically.

Iron Mountain’s digital business grew more than 25%, according to Hytinen. Meaney said digital solutions posted record quarterly revenue and that more than 45% of digital revenue is now recurring. He also cited traction for the company’s AI-powered InSight DXP platform, including new deployments with financial services and fintech customers in the United Kingdom and Australia.

Hytinen said physical storage volumes continued to increase, with the company storing more physical volume for customers than at any prior point. He expects physical volumes to remain modestly positive, supported by continued outsourcing in markets including India.

The company also said its Internal Revenue Service digital-services contract ramped faster than expected. Hytinen said the contract generated more than $15 million of second-quarter revenue, compared with about $9 million in the first quarter, and that Iron Mountain continues to expect annual revenue from the program to exceed $100 million in 2027.

Raised 2026 Outlook Iron Mountain raised its full-year financial outlook following the second-quarter performance. The company now expects:

Total revenue of $7.94 billion to $8.01 billion, representing 16% growth at the midpoint. Adjusted EBITDA of $2.945 billion to $2.975 billion, representing 15% growth at the midpoint. AFFO of $1.76 billion to $1.78 billion, or $5.87 to $5.93 per share. For the third quarter, the company expects approximately $1.98 billion in revenue, $745 million in adjusted EBITDA and $440 million in AFFO, or $1.47 per share.

Iron Mountain generated $888 million in year-to-date operating cash flow, up $315 million from the prior-year period. The company invested $553 million in growth capital expenditures and $38 million in recurring capital expenditures during the second quarter. It ended the period with net lease-adjusted leverage of 4.8 times and declared a quarterly dividend of $0.864 per share, payable in early October.

About Iron Mountain (NYSE:IRM)Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers' digital transformation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, announces financial results for the second quarter of 2026. “We delivered another record-breaking quarter, with our second quarter results exceeding our expectations due to our team's strong execution of our growth plans and the continued trust of our clients. Our ongoing success continues to be driven by the collective strength in our physical records storage and growt.

For the quarter ended June 2026, Iron Mountain (IRM - Free Report) reported revenue of $2.03 billion, up 18.5% over the same period last year. EPS came in at $1.44, compared to $0.48 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.97 billion, representing a surprise of +3.2%. The company delivered an EPS surprise of +2.86%, with the consensus EPS estimate being $1.40.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Iron Mountain performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenues- Service Revenue: $894.45 million versus the two-analyst average estimate of $840.49 million. The reported number represents a year-over-year change of +27.4%.Revenues- Storage Rental Revenue: $1.13 billion compared to the $1.13 billion average estimate based on two analysts. The reported number represents a change of +12.3% year over year.Adjusted EPS-Fully Diluted from Continuing Operations: $0.6 million versus $0.53 million estimated by two analysts on average.View all Key Company Metrics for Iron Mountain here>>>

Shares of Iron Mountain have returned +8.4% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Iron Mountain (IRM - Free Report) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.4 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +2.86%. A quarter ago, it was expected that this real estate investment trust would post earnings of $1.39 per share when it actually produced earnings of $0.6, delivering a surprise of -56.83%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Iron Mountain, which belongs to the Zacks Business - Information Services industry, posted revenues of $2.03 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.20%. This compares to year-ago revenues of $1.71 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Iron Mountain shares have added about 51.3% since the beginning of the year versus the S&P 500's gain of 13%.

What's Next for Iron Mountain?While Iron Mountain has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Iron Mountain was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.47 on $1.98 billion in revenues for the coming quarter and $5.85 on $7.92 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Business - Information Services is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Business Services sector, Pixelworks (PXLW - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 11.

This maker of chips used in high-end digital video devices is expected to post quarterly loss of $0.20 per share in its upcoming report, which represents a year-over-year change of +80%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Pixelworks' revenues are expected to be $0.3 million, down 96.4% from the year-ago quarter.

Key Takeaways Iron Mountain's Q2 results are expected to show growth in revenues and AFFO per share.Iron Mountain's data center expansion and strong connectivity demand may boost leasing activity.Q2 revenues are projected to rise 14.9%, while currency moves and interest costs may weigh on results. Iron Mountain Incorporated (IRM - Free Report) is slated to release second-quarter 2026 results on Aug. 5, before the opening bell. The quarterly results are likely to display year-over-year growth in revenues and adjusted funds from operations (AFFO) per share.

In the last reported quarter, this real estate investment trust (REIT) delivered an AFFO per share surprise of 2.88%. The quarter reflected broad-based momentum, led by strong expansion in growth businesses and solid pricing in the core storage franchise.

Over the trailing four quarters, Iron Mountain’s AFFO per share surpassed the Zacks Consensus Estimate on all occasions, the average beat being 3.25%. The graph below depicts this surprising history:

Factors to Consider Ahead of IRM’s Q2 ResultsIn the second quarter, Iron Mountain’s earnings are likely to have been supported by stable recurring revenues from its core storage and records management businesses, which are expected to have driven overall revenue growth during the period.

Alongside its storage operations, Iron Mountain continues to strengthen performance through the expansion of its faster-growing segments, particularly data centers. Strong demand for connectivity, interconnection and colocation space is likely to have boosted leasing activity, supporting growth in the company’s global data center segment during the second quarter.

Foreign currency movements, along with higher interest expenses, are expected to have acted as headwinds to the quarterly performance.

Projections for IRMThe Zacks Consensus Estimate for storage rental revenues is pegged at $1.13 billion, up from $1.01 billion reported in the year-ago period. The consensus estimate for service revenues is pinned at $840.5 million, up from $702 million reported in the prior-year quarter. The consensus estimate for its global data center segment revenues is pegged at $239.5 million, up from $189.4 million reported in the year-ago period.

The consensus estimate for quarterly total revenues is pegged at $1.97 billion, indicating an increase of 14.9% from the prior-year quarter’s reported figure.

The company’s activities in the to-be-reported quarter were inadequate to garner analysts’ confidence. The Zacks Consensus Estimate for the quarterly AFFO per share has remained unchanged at $1.40 over the past three months. The figure implies significant growth from the year-ago quarter’s reported number.

Here’s What Our Quantitative Model Predicts for IRMOur proven model does not conclusively predict a surprise in terms of AFFO per share for Iron Mountain this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFO beat, which is not the case here.

Iron Mountain has an Earnings ESP of 0.00% and a Zacks Rank of 3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks That Warrant a LookHere are two stocks from the broader REIT industry — Host Hotels & Resorts (HST - Free Report) and Lamar Advertising (LAMR - Free Report) — that you may want to consider, as our model shows that these have the right combination of elements to report a surprise this quarter.

HST, scheduled to report quarterly numbers on Aug. 5, has an Earnings ESP of +1.48% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Lamar Advertising is slated to report quarterly numbers on Aug. 6. LAMR has an Earnings ESP of +0.22% and a Zacks Rank of 3 at present.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.

Posted by Defense World Staff on Jul 27th, 2026

Entropy Technologies LP boosted its holdings in Iron Mountain Incorporated (NYSE:IRM – Free Report) by 370.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,399 shares of the financial services provider’s stock after purchasing an additional 20,785 shares during the quarter. Entropy Technologies LP’s holdings in Iron Mountain were worth $2,696,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IRM. Cohen & Steers Inc. raised its holdings in shares of Iron Mountain by 20.0% during the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after purchasing an additional 3,155,034 shares during the period. State Street Corp boosted its holdings in shares of Iron Mountain by 1.9% in the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock valued at $1,759,494,000 after buying an additional 322,144 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Iron Mountain by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock valued at $685,374,000 after buying an additional 102,073 shares during the period. Invesco Ltd. grew its position in shares of Iron Mountain by 18.1% during the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after buying an additional 776,933 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Iron Mountain by 8.5% during the 1st quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock valued at $466,382,000 after buying an additional 358,497 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.

Analysts Set New Price Targets A number of equities analysts have issued reports on IRM shares. Truist Financial set a $140.00 target price on shares of Iron Mountain in a report on Friday, May 1st. JPMorgan Chase & Co. upped their target price on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Weiss Ratings cut Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.33.

Check Out Our Latest Stock Report on IRM

Iron Mountain Stock Performance Iron Mountain stock opened at $128.33 on Monday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68. The company has a 50-day simple moving average of $125.31 and a 200-day simple moving average of $112.65. The firm has a market capitalization of $38.18 billion, a P/E ratio of 141.03 and a beta of 1.19.

Iron Mountain (NYSE:IRM – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.10. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. Iron Mountain’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted $1.17 EPS. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. As a group, sell-side analysts forecast that Iron Mountain Incorporated will post 5.4 earnings per share for the current year.

Iron Mountain Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were paid a $0.864 dividend. The ex-dividend date was Monday, June 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.7%. Iron Mountain’s dividend payout ratio (DPR) is presently 380.22%.

Insider Activity at Iron Mountain In other news, CAO Daniel Borges sold 7,189 shares of Iron Mountain stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total transaction of $902,219.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total value of $94,208.65. Following the transaction, the director owned 1,135 shares of the company’s stock, valued at approximately $141,250.75. This represents a 40.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 137,260 shares of company stock valued at $17,361,672. Company insiders own 1.70% of the company’s stock.

About Iron Mountain (Free Report)

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.

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