RiverNorthPhotography I have written eight articles on Iron Mountain (NYSE:IRM) dating all the way back to June of 2017. All eight were bullish. This will be my first bearish piece on IRM. The company has not changed. The valuation has. IRM’s market price seems to be driven by narratives which have caused mispricing in both directions. Changing narratives From 3-7 years ago, the overriding narrative on IRM was that it was risky due to its reliance on physical paper storage. The idea was that usage of pa ...

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management, innovative storage, data center infrastructure and asset lifecycle management, will report its fourth quarter and full year 2023 financial results before market hours on Thursday, February 22, 2024. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: ...

Iron Mountain (IRM) recently closed the earlier announced acquisition of Regency Technologies, a leading provider of IT asset disposition services in the United States, for an initial purchase price of $200 million. The buyout boosts its IT Asset Lifecycle Management (“ALM”) business.The combined platform further enhances IRM’s extensive logistics network and establishes a market-leading position in the IT asset disposition customer solutions. With the volume of e-waste continuing to rise, the move is expec ...

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management today announced it has completed its acquisition of Regency Technologies, a leading provider of IT asset disposition (ITAD) services in the United States. Building on Iron Mountain's extensive logistics network, which already provides customers with leading information security in IT Asset Lifecycle Management (ALM), the combi ...

Settapongd Dee-ud/iStock via Getty Images Dear readers, Iron Mountain Incorporated (NYSE:IRM) is a data storage REIT focused on innovative solutions in data center infrastructure, asset lifecycle management, and information management services. The REIT primarily owns two distinct types of properties - paper storage facilities and data centers. While the former is likely to experience a secular decline over time, the latter has boomed lately as a result of the rise of AI. Both segment complements each o ...

MarsBars Introduction The past few weeks were fascinating, to put it mildly. For example, the Vanguard Real Estate ETF (VNQ) has rallied so hard that it is now up 11% over the past twelve months. It has erased the entire decline since July in a matter of weeks. Meanwhile, the S&P 500 is back at its all-time high, returning 25% during this period. Then there's Iron Mountain (NYSE:IRM), one of the strongest REITs this year, which is up more than 40%, including dividends. Data by YCharts In this article, w ...

Key Points Company and Industry * **Company**: Iron Mountain Incorporated (NYSE:IRM) * **Industry**: Information Management, Data Center, IT Asset Disposition Core Views and Arguments * **Cross-Selling Success**: Iron Mountain has a large installed client base and has been investing in new products and services to facilitate cross-selling. The company measures success through Project Matterhorn, which tracks cross-selling efforts week-to-week. * **Project Matterhorn**: A $150 million annual investment aimed at transforming the operating model to focus on commercial growth, including a global commercial operation, global operations function, and business units. * **Net Promoter Score (NPS)**: NPS is an important metric, but customer satisfaction and retention are key drivers of cross-selling success. NPS is considered a lagging indicator. * **Pricing Strategy**: Iron Mountain has been implementing revenue management strategies to capture the value it provides to clients. The company aims to maintain a balance between pricing and cross-selling opportunities. * **Clutter Acquisition**: The acquisition of Clutter, a B2C consumer concierge storage business, provides synergies with Iron Mountain's existing business and expands its market reach. * **Data Center CapEx**: Iron Mountain has guided to $1.3 billion in CapEx this year, primarily driven by data center investments. The company expects to continue building out its data center platform based on demand and pre-leasing activity. * **Asset Lifecycle Management (ALM)**: Iron Mountain's ALM business is growing, driven by organic growth, OEM relationships, and hyperscale decommissioning opportunities. The company aims to achieve $900 million in ALM revenues by 2026. Other Important Content * **Record Management**: Iron Mountain's global records and information management (RIM) business is the largest segment and is expected to grow at a mid-single-digit rate. * **Conversion of Facilities**: Iron Mountain is evaluating the conversion of some of its record management facilities to data centers, particularly in areas with limited data center capacity. * **Component Pricing**: Component pricing for data center equipment is expected to increase by 50% to 75% in 2024 compared to 2023, benefiting Iron Mountain's ALM business.

Iron Mountain Incorporated (NYSE:IRM) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Gillian Tiltman - SVP and Head, IR William Meaney - President and CEO Barry Hytinen - EVP and CFO Conference Call Participants George Tong - Goldman Sachs Nate Crossett - BNP Paribas Jonathan Atkin - RBC Capital Markets Shlomo Rosenbaum - Stifel Eric Luebchow - Wells Fargo Brendan Lynch - Barclays Operator Good morning, and welcome to the Iron Mountain Third Quarter 2023 Earnings Conferenc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number 1-13045 IRON MOUNTAIN INCORPORATED (Exact Name of Registrant as Specified in Its Charter) Delaware 23-2588479 (S ...

Call Start: 14:00 January 1, 0000 2:33 PM ET Iron Mountain Incorporated (NYSE:IRM) RBC Capital Markets Global Communications Infrastructure Conference Call September 27, 2023 14:00 ET Company Participants Barry Hytinen - Executive Vice President & Chief Financial Officer Conference Call Participants Jonathan Atkin - RBC Capital Markets Jonathan Atkin Welcome to the afternoon fireside chat. If you have any conversations going on, you might want to take it to the hallway. So I'm John Atkin with RBC and I'm pl ...