Iron Mountain (IRM)
NYSEReal EstateReit - SpecialtySnapshot 2026-09-04
$116.86+1.64%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - SpecialtySnapshot 2026-09-04
QuarterlyIQ Insights · IRM
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -12.8% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 11.3% |
Growth built into the price is above our model estimate.
The price assumes 24.1 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 13 industry peers · Company calendar date is not available
IRM — capital allocation — Creation of a Direct Financial Obligation or an Obligation
Dated 2026-06-26
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in
Why it matters: Changes in AFFO per share guidance show management's outlook on profitability and cash flow. Strong AFFO growth can support dividends.
Supportive ifManagement raises AFFO per share guidance above $1.47 for Q3 2026.
Worry ifManagement lowers AFFO per share guidance below $1.47 for Q3 2026.
Why it matters: The dividend payment shows the company values its shareholders. This can build trust with investors.
Supportive ifThe quarterly dividend payment of $0.864 per share is confirmed.
Worry ifA dividend cut or suspension is announced.
Why it matters: Share buybacks show that management believes in the company's value. They can also help shareholders.
Supportive ifNew plans for share buybacks are announced.
Worry ifNo new share buyback announcements or a halt to existing buyback programs.
Why it matters: If they exceed this guidance, it shows strong growth and good operations.
Supportive ifManagement raises Q3 revenue guidance to above 16% growth year over year.
Worry ifQ3 revenue guidance remains at or below 16% growth year over year.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$143 on $10,000 · ±1.4% | How much price usually moves either way. |
| Bad day | $362 loss on $10,000 · 3.6% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,515 loss on $10,000 · 25.1% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: A rebound in revenue growth could signal a turnaround in the real estate sector.
Supportive ifSector revenue growth exceeds 3% year over year.
Worry ifSector revenue growth is below 0%. This shows ongoing weakness.
Why it matters: Keeping this dividend level shows a commitment. It shows a promise to return value to shareholders.
Watch forThe dividend payment stays at $0.864 per share. This shows strong cash flow management.
Also watch forThe dividend payment is cut or reduced. This suggests cash flow problems.
Why it matters: Increasing dividends shows strong cash flow and a promise to return value.
Supportive ifManagement announces a dividend increase to more than $0.864 per share.
Worry ifManagement maintains the dividend at $0.864 per share.
Why it matters: Updates on the buyback program would indicate management's confidence in the company's value and cash flow. It may also affect share price.
Supportive ifManagement says they completed a big part of the share buyback.
Worry ifNo updates or delays in the share buyback program.
Why it matters: An increase shows confidence in cash flow and a commitment to shareholders.
Supportive ifAnnouncement of a dividend increase for Q4 2026, reflecting strong cash flow.
Worry ifNo dividend increase for Q4 2026 was announced. This suggests cash flow issues.
Why it matters: An increase means better cash flow and more efficient operations.
Supportive ifAFFO per share was over $1.43. This shows strong financial health.
Worry ifAFFO per share reported below $1.43, suggesting cash flow issues.
Why it matters: The earnings report will show if the company continues to grow after the recent earnings beat.
Watch forEarnings per share (EPS) exceeds $0.70, indicating strong performance.
Also watch forEPS is under $0.50. This shows weakness in operations.
Why it matters: This growth rate is key to confirming Iron Mountain's strong momentum. A drop would raise concerns.
Worry ifQ2 2026 revenue growth reported below 14% year over year.
Less concerning ifQ2 2026 revenue growth reported at or above 14% year over year.
Why it matters: Updates to revenue guidance show that management is confident. Strong guidance may mean growth is continuing.
Supportive ifManagement raises Q3 revenue guidance to over $1.980 billion. This shows strong growth is ongoing.
Worry ifManagement lowers Q3 revenue guidance to below $1.980 billion. This may mean there are problems.
Why it matters: Updates on data center leasing growth are crucial for assessing momentum in a key growth area. Strong leasing supports overall revenue growth.
Supportive ifData center leasing exceeds 110 megawatts in Q3 2026.
Worry ifData center leasing growth falls below 75 megawatts in Q3 2026.