IRM REIT — Iron Mountain

Iron Mountain (IRM)

Updated October 16, 2026.

IRM is a REIT. its distribution rate is 3.07%, its trailing-12-month yield is 3.07%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Total return is 9839.9% over the past 30.7 years, 7912.5 points ahead of SPY at 1927.4%.

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

Price and return data through 2026-10-16.

Total return is 9839.9% over the past 30.7 years, 7912.5 points ahead of SPY at 1927.4%. Over the past year its total return — price change plus distributions reinvested — is 9.9%. Its deepest 1-year drawdown was 25.1%.

IRM key facts

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

2.98%

Issuer

Iron Mountain

Asset type

REIT

Asset class

Real Estate

Distribution rate

3.07%

Distribution frequency

Quarterly

Trailing yield

3.07%

5-year average yield

3.48

Last close

$112.51 (as of 2026-10-16)

Market cap

$33,494,543,378

Average volume

1375500.0

Dividend

$0.864

Ex-dividend date

09/15/2026

Payment date

10/02/2026

Beta

1.204

Payout ratio

87.1%

P/E ratio

79.79

Forward P/E

58.4795

EPS

$1.41

How Dividend Vision calculates yield and returns

Distribution rate (3.07%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.07%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Iron Mountain or company 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 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.

More on IRM

• All tickers starting with I

Tagged: Data Center, Dividend, REIT, Real Estate.

Frequently asked questions

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