Iron Mountain Incorporated (DelNYSE: IRM
Real Estate · Other Specialized REITs
$127.11
+0.89%
Vol: 1.4M
Research Digest
Friday, May 1, 2026
Iron Mountain beat Q1 2026 expectations with 22% YoY revenue growth to $1.94B and raised full-year 2026 AFFO guidance; stock jumped 8.51%.
Iron Mountain reported exceptional Q1 2026 results with revenue of $1.94 billion (up 22% YoY) and adjusted EBITDA of $708 million (up 22% YoY). Organic growth of 17% marked highest rate in 25+ years, driven by data center revenue surge of 47% and asset lifecycle management revenue jump of 92%. Data center, ALM, and digital businesses grew 50%+ and now comprise 30%+ of total revenue. Company raised 2026 AFFO guidance to $5.79-5.86. Stock rose 8.51% and trades near 52-week high.
Previous Market Intelligence
13 daysApr 30Iron Mountain surges on Q1 earnings beat with 17% organic growth and 39% year-to-date returnPositive▶
Iron Mountain delivered strong Q1 2026 results with EPS of $0.60 versus forecast of $0.52, and 22% year-over-year revenue growth. Organic growth reached 17%, the highest in 25+ years. Stock climbed to $122.78, near 52-week highs, with 39% year-to-date returns. Data center and digital businesses grew over 50% and now exceed 30% of revenue. Physical records storage achieved best quarterly growth in years, continuing its 38th consecutive year of organic rent growth.
Apr 29Iron Mountain Q2 earnings due April 30; stock up 29.3% YTD on data center strengthPositive▶
Iron Mountain reported Q4 2025 earnings beat with 12% revenue growth. The company has gained 29.3% over the past three months driven by strong data center operations and stable core business cash flows. Q2 2026 earnings are scheduled for April 30 with expectations of $0.516 EPS and $1.86B revenue. Analysts maintain Moderate Buy consensus with $122.73 average price target, representing 1.8% upside from current levels. Dividend yield of 2.93% supports income investors.
Apr 16Iron Mountain expands data center operations with strong 28-29% three-month stock gain; Q1 2026 earnings April 30.Positive▶
Iron Mountain shows strong stock performance with 28.2-29.3% gain over past three months, outperforming S&P 500. Trading at $102.36 with 52-week range $72.33-$115.24. Company expanding data center operations while maintaining core storage business, serving 240K+ customers across 61 countries including 95% of Fortune 1000. Q1 2026 earnings release scheduled April 30. Average analyst 12-month price target $122.82 with 10 Buy vs. 1 Sell recommendation.
Apr 15Iron Mountain Q1 2026 earnings April 30; stock up 29.3% in three months on storage and data center growth.Positive▶
Iron Mountain scheduled Q1 2026 earnings release for April 30. Stock surged 29.3% in past three months driven by core storage business and data center expansion. Average 12-month price target $122.82 with 10 Buy ratings vs 1 Sell.
Apr 14Iron Mountain scheduled to report Q1 2026 earnings on April 30 amid data center pivot discussion.Mixed▶
Iron Mountain will release Q1 2026 financial results on April 30, 2026. The stock closed at $109.37 with strong recent performance: up 5.9% over 7 days, 31.4% year-to-date. However, concerns persist regarding weak data center bookings and leverage questions.
Apr 13Iron Mountain scheduled Q1 2026 earnings for April 30; stock up 28.2% in three months driven by data center expansion.Positive▶
Iron Mountain will report Q1 2026 results before market hours on April 30. Stock surged 28.2% over past three months and trades at $109.37. Forecasts 2026 revenue of $7.625-$7.775B (12% growth) and adjusted EBITDA of $2.875-$2.925B. Plans to lease 100+ MW in data centers. 3.02% dividend yield. Analysts view 30.8% discount to DCF estimates.
Apr 10Iron Mountain Q1 2026 earnings scheduled for April 30; data center revenue surged 39% YoY with strong 2026 guidance.Positive▶
Iron Mountain will report Q1 2026 earnings on April 30 before market hours. Q4 2025 revenue reached $1.84B (up 17% YoY) with data center revenue surging 39%. The company guides 2026 revenue of $7.625-7.775B (12% growth) and adjusted EBITDA of $2.875-2.925B (13% increase), with plans to lease 100+ MW in data centers.
Apr 9Iron Mountain shows 28.2% three-month outperformance driven by data center expansion and strong earningsPositive▶
Iron Mountain has shown impressive 28.2% stock gain over past three months significantly outperforming S&P 500. The company is expanding data center operations and delivered strong earnings. Current price stands at $102.36 with 52-week range from $72.33 to $115.24. Average 12-month price target of $122.82 from 10 analysts recommending buy versus 1 sell. REIT-classified company focuses on information management services and data center offerings. Upcoming earnings on April 30, 2026.
Apr 8Iron Mountain reports record Q4 2025 results with strong 2026 guidance ahead of dividend paymentPositive▶
Iron Mountain (IRM) reported record fourth-quarter 2025 results exceeding expectations with 12.23% revenue growth to $6.90B for full-year 2025. The company forecasts continued double-digit revenue and profit growth in 2026, driven by data center expansion for AI workloads and recurring physical records storage. The Board declared a $0.864 per share quarterly dividend for Q1 2026. Analysts rate the stock "Strong Buy" with an average 12-month price target of $113.25, representing 10.64% upside from current levels.
Apr 7Iron Mountain reports record 2025; insider selling after data center booking concerns.Mixed▶
Iron Mountain record 2025 revenue $6.9B, 2026 guide $7.625-7.775B. CEO Meaney sold 38,474 shares April 1 at $102.71; EVP Kidd sold 6,000 for $616,260. Dividend $0.864 ($3.46 annual). Baron Real Estate exited on weak data center bookings. YTD +24.1%, 1y +38.5%.
Apr 6Iron Mountain Shows Strong Data Center Growth; Analyst Consensus "Strong Buy"Positive▶
Iron Mountain Inc. (IRM) continues expanding its data center operations with impressive three-month stock performance up 28.2%, outperforming the S&P 500. 2025 revenue grew 12.23% to $6.90B, though earnings declined 19.74% to $144.59M. The company delivered strong results attracting bullish analyst sentiment with a Moderate Buy consensus and 4 analysts providing an average 12-month price target of $113.25, representing 10.64% upside from current levels. Despite recent 15.7% pullback post-earnings, REIT remains well-positioned in data center secular growth.
Apr 3Iron Mountain reported record 2025 results with 2026 revenue guidance of $7.6-$7.8B, but CEO sold shares and Baron Capital exited.Mixed▶
Iron Mountain reported record 2025 revenue of $6.9 billion and issued 2026 revenue guidance of $7.625-$7.775 billion (12% growth). CEO William Meaney sold 38,474 shares on April 1 and EVP Mark Kidd sold 6,000 shares. Baron Real Estate Income Fund exited its position. Declared quarterly dividend of $0.864 per share payable April 3. 10 of 11 analysts recommend buying at average PT of $122.67.
Apr 2Iron Mountain reports record Q4 2025 results with 16.6% revenue growth and 10% dividend increase; CEO sold 38,474 shares on April 1.Positive▶
Iron Mountain reported record Q4 2025 revenue of $1.843B (up 16.6% YoY) and full-year revenue of $6.902B (up 12.2% YoY). The company announced a 10% dividend increase to $0.864 per share and provided 2026 guidance of $7.625-7.775B revenue. CEO William Meaney sold 38,474 shares on April 1 at $102.71 average price. Stock at $102.36 with analyst consensus of Buy. 28.2% gain over three months. Earnings expected April 30, 2026.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| IRMIRON | $127.11 | +0.89% | +20.7% | 48.9x | 1.15 | $37.5B |
| WELLWELLTOWER | $217.35 | +0.00% | +8.2% | 66.1x | — | $153.2B |
| PLDPROLOGIS | $141.40 | -0.43% | +7.3% | 41.8x | 1.41 | $132.4B |
| EQIXEQUINIX | $1,082.36 | -0.04% | +6.6% | 49.5x | 1.00 | $106.8B |
| AMTAMERICAN | $181.72 | -0.54% | +3.7% | 26.4x | 0.93 | $85.1B |
| SPGSIMON | $202.41 | -0.64% | +7.1% | 29.5x | 1.40 | $77.5B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.