Is It Wise to Retain Iron Mountain (IRM) in Your Portfolio?

Iron Mountain Incorporated (IRM) is well-positioned to gain from its recurring revenue business model. Also, its accretive acquisitions and data center business expansion efforts bode well. Its healthy balance sheet position is likely to support its growth endeavors. However, competition from industry peers may lead to aggressive pricing pressure and lower margins. High interest rates add to its woes. In the first quarter of 2024, Iron Mountain's organic storage rental revenues increased 7.4% from the prior ...