Iron Mountain Incorporated (Del (IRM) Stock Analysis
Range Bound setup
Real Estate · REIT - Specialty
Sell if holding. Analyst target reached at $126.31 — A.R:R is negative (-1.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Expensive valuation.
Iron Mountain is a global S&P 500 REIT providing physical records management, digital solutions, data center services (31 data centers, 488 MW leasable capacity at 97% leased), and asset lifecycle management to 240,000+ customers in 61 countries, generating ~$6.9B in 2025... Read more
Sell if holding. Analyst target reached at $126.31 — A.R:R is negative (-1.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Expensive valuation. Chart setup: RSI 47 mid-range, Bollinger mid-band. Score 5.5/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 50d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Iron Mountain Incorporated (Del
About Iron Mountain Incorporated (Del
Iron Mountain stored over 740 million cubic feet of physical records and operated 488 MW of leased data center capacity — 97% occupied with a weighted average lease expiration of 10.3 years — as of December 31, 2025, across 31 data centers in 21 global markets either directly or through unconsolidated joint ventures. The company generated approximately $6.9 billion in annual revenue in 2025, serving 240,000 customers in 61 countries including roughly 95% of the Fortune 1000. An additional 852 MW is under construction or held for development.
Iron Mountain earns revenue across four reporting segments: Global Records and Information Management (physical records storage with contracted terms generally one to five years, plus shredding and data management services); Global Data Center (enterprise and hyperscale co-location, with five of the largest global hyperscalers among its customers); Corporate and Other (asset lifecycle management for IT hardware decommissioning and Fine Arts storage); and Global Digital Solutions (document digitization and information workflow software). Storage rental revenue is recurring and historically resilient to economic downturns, while records retrieval service revenue has been pressured by declining physical activity rates as customers migrate information to digital formats. The company incurred approximately $574.4 million in cumulative Project Matterhorn restructuring and transformation costs from inception through 2025. Competitors in records management tend to be regional, while data center competitors include numerous developers and operators across the same metropolitan markets.
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Iron Mountain's data center expansion pipeline — 852 MW under construction or held for development against 488 MW of existing leasable capacity — requires substantial capital and exposes the company to rising construction costs, supply chain constraints, and tariff-related cost pressures that the 10-K explicitly identifies. The fixed-cost records storage base provides durable cash flow to fund construction, but the 10-K notes that customer digitization may shift revenue mix from predictable storage rental to more volatile service revenue over time, creating structural tension between the stable legacy business and the capital-intensive data center growth segment.
See also: Real Estate · REIT - Specialty
From Iron Mountain Incorporated (Del's most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-06-15Recent Developments — Iron Mountain Incorporated (Del
Latest news
- NEWS Iron Mountain stock up 19.5% in three months: Will the trend continue? - MSN — MSN positive
- NEWS Here's why Iron Mountain (IRM) is a strong growth stock - MSN — MSN positive
- NEWS Wall Street's Insights Into Key Metrics Ahead of Iron Mountain (IRM) Q1 Earnings - Yahoo Finance — Yahoo Finance neutral
- NEWS IRM (Iron Mountain Incorporated (Delaware) Common Stock REIT) posts Q4 2025 earnings beat and 12 percent revenue growth, — Cổng thông tin điện tử tỉnh Tây Ninh positive
- NEWS Iron Mountain (IRM) Q3 2024 Earnings Transcript - The Motley Fool — The Motley Fool neutral
Generated 2026-06-17T09:02:27Z.
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Rating Breakdown
1 floor-breaker
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $126.31 — A.R:R is negative (-1.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Expensive valuation. Chart setup: RSI 47 mid-range, Bollinger mid-band. Prior stop was $119.31. Score 5.5/10, moderate confidence.
Take-profit target: $127.25 (+0.8% upside). Prior stop was $119.31. Stop-loss: $119.31.
Analyst target reached - limited upside remaining; Expensive valuation.
Iron Mountain Incorporated (Del trades at a P/E of 138.3 (forward 47.6). TrendMatrix value score: 3.9/10. Verdict: Sell.
16 analysts cover IRM with a consensus score of 4.0/5. Average price target: $132.
What does Iron Mountain Incorporated (Del do?Iron Mountain is a global S&P 500 REIT providing physical records management, digital solutions, data center services...
Iron Mountain is a global S&P 500 REIT providing physical records management, digital solutions, data center services (31 data centers, 488 MW leasable capacity at 97% leased), and asset lifecycle management to 240,000+ customers in 61 countries, generating ~$6.9B in 2025 revenue. No single customer accounts for more than approximately 3% of revenue.