Iron Mountain Incorporated (IRM), headquartered in Portsmouth, New Hampshire, is a real estate investment trust (REIT) specializing in information management services. It provides secure storage, records management, data protection, and shredding solutions for physical and digital assets across global locations. The company has a market capitalization of $31.61 billion, making it a “large-cap” stock.
Iron Mountain’s shares reached a 52-week high of $115.24 on Feb. 25, but are down 7.3% from that level. It is having a fine time on Wall Street, as storage rentals, records management, and data centers show growth. Over the past three months, the stock has gained 28.2%. On the other hand, the broader S&P 500 Index ($SPX) is down by a modest 2.9% over the past three months. Therefore, IRM has been the clear outperformer over this period.
