Should You Consider Adding Iron Mountain Stock to Your Portfolio?

Iron Mountain (IRM) boasts a stable and resilient core storage and record management business. A recurring revenue business model and a well-diversified tenant base assure steady cash flows. Its healthy balance sheet, accretive buyouts and expansion efforts into the data center business bode well for growth. However, competition from industry peers is likely to lead to aggressive pricing pressure and lower margins. Shares of this Zacks Rank #2 (Buy) real estate investment trust (REIT) have rallied 23%, outp ...