Iron Mountain (IRM)
NYSEReal EstateReit - SpecialtySnapshot 2026-07-07
$115.84-0.46%
Close 2026-07-07 · 1-day change
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Track IRM free→Iron Mountain grows revenue about 12% a year. It raised full-year revenue guidance to about $7.85 billion for 2026. Dividends increased from $0.715 to $0.864 per share in recent quarters. The company has strong cash flow and a solid dividend track record.
The stock trades at a high price-to-earnings ratio near 38.5, well above peers at 16.2. Free cash flow yield is negative, which may pressure dividends. Revenue growth could slow below analyst expectations of 12%.
The market expects about 12% revenue growth for the next year, consistent with company guidance. Our fair value of $71.22 aligns with the consensus price target near $71, reflecting justified growth expectations.
Breaks if: AFFO per share falls below $5.04 in FY25 or below $5.79 in FY26
Iron Mountain has increased its AFFO per share guidance for 2026.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Dividend per share falls below $0.71
Iron Mountain continues to maintain its dividend payments to shareholders.
Stated in 5 of last 5 quarters. Dividend per share increased from $0.715 in 2024-Q3 to $0.864 in 2026-Q1. The company continues to maintain and increase its dividend payments, aligning with management's commitment to shareholder returns.
“Dividend per share was $0.864 in 2026-Q1.”
“Dividend per share was $0.785.”
“Dividend per share was $0.785.”
“Dividend per share was $0.785.”
“Dividend per share was $0.715.”
Breaks if: Revenue falls below $6.79 billion in FY25 or below $7.85 billion in FY26
Iron Mountain has raised its full-year revenue guidance for 2026.
Stated in 2 of last 2 quarters. Revenue grew from $1,842M in 2025-Q4 to $1,936M in 2026-Q1. The company has raised its full-year revenue guidance, indicating a positive trajectory in line with management's statements.
“We are pleased to raise our full-year financial guidance.”
“Iron Mountain issued full year 2026 guidance; details are summarized in the table below.”
Breaks if: PE rises above 45x or falls below 20x with no growth improvement