Iron Mountain Incorporated IRM
Established in 1951, Iron Mountain Incorporated (NYSE: IRM) has become the world's foremost authority in storage and information management solutions. More than 225,000 organizations globally trust Iron Mountain with their critical assets. With an extensive physical infrastructure spanning over 90 million square feet, the company operates approximately 1,450 facilities in around 50 countries. Within this vast network, Iron Mountain safeguards billions of valued items, including vital corporate records, highly confidential digital assets, and invaluable cultural and historical artifacts. Their comprehensive suite of offerings encompasses secure document archiving, robust information governance, digital transformation initiatives, confidential destruction services, along with advanced data centers, cloud computing solutions, and specialized art storage and logistics. These services empower clients to mitigate costs and risks, ensure regulatory compliance, facilitate swift disaster recovery, and enable a more efficient, digital-first operational model.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-12 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-30) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model IRM yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $6.90B | $144.59M | $1.02B | $2.08B | $1.34B |
| 2024 | $6.15B | $180.16M | $926.49M | $1.91B | $1.20B |
| 2023 | $5.48B | $184.23M | $793.02M | $1.62B | $1.11B |
| 2022 | $5.10B | $556.98M | $745.64M | $1.87B | $927.70M |
| 2021 | $4.49B | $450.22M | $696.97M | $1.75B | $758.90M |
| 2020 | $4.15B | $342.69M | $669.45M | $1.47B | $987.66M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-15 | 2026-06-15 | 2026-07-06 | 2026-04-30 | $0.86 | Quarterly |
| 2026-03-16 | 2026-03-16 | 2026-04-03 | 2026-02-12 | $0.86 | Quarterly |
| 2025-12-15 | 2025-12-15 | 2026-01-06 | 2025-11-05 | $0.86 | Quarterly |
| 2025-09-15 | 2025-09-15 | 2025-10-03 | 2025-08-06 | $0.79 | Quarterly |
| 2025-06-16 | 2025-06-16 | 2025-07-03 | 2025-05-01 | $0.79 | Quarterly |
| 2025-03-17 | 2025-03-17 | 2025-04-04 | 2025-02-13 | $0.79 | Quarterly |
| 2024-12-16 | 2024-12-16 | 2025-01-07 | 2024-11-06 | $0.71 | Quarterly |
| 2024-09-16 | 2024-09-16 | 2024-10-03 | 2024-08-01 | $0.71 | Quarterly |
| 2024-06-17 | 2024-06-17 | 2024-07-05 | 2024-05-02 | $0.65 | Quarterly |
| 2024-03-14 | 2024-03-15 | 2024-04-04 | 2024-02-22 | $0.65 | Quarterly |
| 2023-12-14 | 2023-12-15 | 2024-01-04 | 2023-11-02 | $0.65 | Quarterly |
| 2023-09-14 | 2023-09-15 | 2023-10-05 | 2023-08-03 | $0.65 | Quarterly |
| 2023-06-14 | 2023-06-15 | 2023-07-06 | 2023-05-04 | $0.62 | Quarterly |
| 2023-03-14 | 2023-03-15 | 2023-04-05 | 2023-02-23 | $0.62 | Quarterly |
| 2022-12-14 | 2022-12-15 | 2023-01-05 | 2022-11-03 | $0.62 | Quarterly |
| 2022-09-14 | 2022-09-15 | 2022-10-04 | 2022-08-04 | $0.62 | Quarterly |
| 2022-06-14 | 2022-06-15 | 2022-07-16 | 2022-04-28 | $0.62 | Quarterly |
| 2022-03-14 | 2022-03-15 | 2022-04-06 | 2022-02-24 | $0.62 | Quarterly |
| 2021-12-14 | 2021-12-15 | 2022-01-06 | 2021-11-04 | $0.62 | Quarterly |
| 2021-09-14 | 2021-09-15 | 2021-10-06 | 2021-08-05 | $0.62 | Quarterly |
| 2021-06-14 | 2021-06-15 | 2021-07-06 | 2021-05-06 | $0.62 | Quarterly |
| 2021-03-12 | 2021-03-15 | 2021-04-06 | 2021-02-24 | $0.62 | Quarterly |
| 2020-12-14 | 2020-12-15 | 2021-01-06 | 2020-11-04 | $0.62 | Quarterly |
| 2020-09-14 | 2020-09-15 | 2020-10-02 | 2020-08-05 | $0.62 | Quarterly |
Coverage (payout of operating cash flow): 76.81%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — IRM
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.