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IRM

IRON MOUNTAIN INC

At today's price, IRON MOUNTAIN INC (IRM) is priced for today's economics sustained for ~9.6 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.

Live priced in
today's economics sustained for ~9.6 years
Priced In
extreme

Key Takeaways

• Iron Mountain began as the company that stores businesses' paper records in warehouses, and that boring, sticky base now funds a fast-growing data center and digital business that is reshaping what the company is. • The single most decisive number is organic growth: it hit 17% in the most recent quarter, the highest rate in over 25 years, with data center revenue up 47% and AFFO per share up 22% [Source: Iron Mountain Q1 2026 earnings release]. • The defining risk is the price plus the leverag

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Institutional ownership

1,058 institutional managers reported holding IRM in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 49%. 159 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 8.1M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (6.2 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

IRM's share count grew 2.6% over the past five years. It pays a dividend, and has paid one every year in our records (16 and counting), raised 3 years straight; the current rate is $3.22 a share annually. Cash returned over the past three years: $2.36B in dividends.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Insider activity

Open-market insider buys at IRM over the trailing three years: 2025: 1 buy totaling $3k. 22 officers and directors are on file.

Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.

Earnings reactions

IRM's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext quarter
2023-08-04-1.2%-4.7%
2023-11-03+3.5%+8.1%
2024-02-23+9.5%+3.3%
2024-05-03-3.6%+21.6%

Day-one is the close-to-close move around the filing. Nothing here is investment advice.

Recent filings

IRM's latest 8-K filings: 2026-06-26 (items 1.01, 2.03, 9.01); 2026-05-12 (items 5.07, 8.01, 9.01); 2026-04-30 (items 2.02, 9.01); 2026-03-09 (items 8.01, 9.01); 2026-02-12 (items 2.02, 9.01).

Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.

Compare IRM

AMT vs IRMBN vs IRMCBRE vs IRMDLR vs IRMEQIX vs IRMIRM vs O

Last analyzed: June 27, 2026

For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.