IRM REIT — Iron Mountain

Iron Mountain (IRM)

IRM is a REIT. As of September 3, 2026, its distribution rate is 3.01%, its trailing-12-month yield is 2.94%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Total return is 9979.8% over the past 30.6 years, 8031.1 points ahead of SPY at 1948.7%.

At the current 3.01% distribution rate, a $10,000 investment would generate approximately $301 per year, or $25.08 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 September 3, 2026.

Total return is 9979.8% over the past 30.6 years, 8031.1 points ahead of SPY at 1948.7%. Its deepest 1-year drawdown was 25.1%.

IRM key facts

Data as of September 3, 2026.

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

2.92%

Issuer

Iron Mountain

Asset type

REIT

Asset class

Real Estate

Distribution rate

3.01%

Distribution frequency

Quarterly

Trailing yield

2.94%

5-year average yield

3.77

Last close

$114.98

Market cap

$34,340,020,224

Average volume

1690998.0

Next dividend

$0.865

Next ex-dividend date

09/15/2026

Next payment date

10/02/2026

Beta

1.217

Payout ratio

0.8705

P/E ratio

81.55

Forward P/E

69.4444

EPS

$1.41

How Dividend Vision calculates yield and returns

Distribution rate (3.01%) 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 (2.94%) 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. 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. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

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.

Frequently asked questions

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