IRM REIT — Iron Mountain

Iron Mountain (IRM)

IRM is a low-cost REIT. As of August 28, 2026, its distribution rate is 2.82%, its trailing-12-month yield is 2.88%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Fund total return is 10191.9% over the past 30.6 years, 8253.4 points ahead of SPY at 1938.5%.

At the current 2.82% distribution rate, a $10,000 investment would generate approximately $282 per year, or $23.50 per month on an equivalent basis. Actual quarterly payments vary.

Iron Mountain is a real estate investment trust that owns and operates income-producing properties, primarily data centers and information management facilities serving approximately 95% of the Fortune 1000 across 61 countries. The company provides a modest current distribution rate paid quarterly. This REIT appeals to income-focused investors seeking real estate exposure with regular dividend payments.

IRM performance versus SPY

Data as of August 28, 2026.

Fund total return is 10191.9% over the past 30.6 years, 8253.4 points ahead of SPY at 1938.5%. Its deepest 1-year drawdown was 25.1%.

IRM key facts

Data as of August 28, 2026.

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

2.74%

Issuer

Iron Mountain

Asset type

REIT

Asset class

Real Estate

Distribution rate

2.82%

Distribution frequency

Quarterly

Trailing yield

2.88%

5-year average yield

3.81

Last close

$117.40

Market cap

$36,150,054,912

Average volume

1144365.0

Last dividend

$0.8650

Ex-dividend date

09/15/2026

Payment date

10/02/2026

Beta

1.217

Payout ratio

0.8705

P/E ratio

86.1206

Forward P/E

68.4932

EPS

$1.41

How Dividend Vision calculates yield and returns

Distribution rate (2.82%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.88%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: Iron Mountain fund page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

IRM risks and drawbacks

IRM's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 25.1%.

Who may consider IRM — and who may not

IRM may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (IRM pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Iron Mountain.