Iron Mountain Incorporated (NYSE:IRM): Forsaken But Not Forgotten


Investors don’t realize the depth of real estate investment trust funds. They think they’re all about investing in residential and commercial properties such as clinics, offices and shopping malls. There are some companies that invest in storage facilities too, which are often overlooked by investors. Iron Mountain Incorporated (NYSE:IRM) is one of those companies that has been largely neglected or overlooked by investors for the longest time.

Iron Mountain Incorporated (NYSE:IRM) came into being in 1951 and since then has turned into the country’s leading real estate company, providing storage and information management services. Originated in Boston, the company has over 155,000 customers in 36 countries. The company has been posting mounting revenue for the past decade or so. Each year is better than the preceding year in terms of revenue. The North American area has proved to be the strongest for the company; most of the revenue is generated from there. Iron Mountain Incorporated (NYSE:IRM) has also ventured into other vocations such as data protection and information management.

Iron Mountain Incorporated (NYSE:IRM)’s third quarter earnings report stated that the company earned 70 percent of the revenue from North America, while 68 percent was from record management. This gives room to the company to extend its services to other complimentary offers. Iron Mountain Incorporated (NYSE:IRM) is a large multinational company. Its stature is big enough to be noticed by investors; its numbers are formidable for the investors to trust and put their money on its stock. Its real estate port folio consists of 1000 properties spread over 67 million square feet.

The company has offered strong dividends to its shareholders, which is always a good sign about a company’s dedication to the people who are putting their money in the whole operation. Iron Mountain Incorporated (NYSE:IRM)’s current dividend yield is 5.04 percent and it’s expected to grow with time. So we don’t see why any investor would be reluctant to put his money in Iron Mountain Incorporated (NYSE:IRM)’s stock.

Iron Mountain Incorporated (NYSE:IRM)’s capability to venture into unchartered territories and unconventional real estate market gives it the trait of being flexible which is a good sign for the company. Also it tells you that Iron Mountain Incorporated (NYSE:IRM) is capable enough to find business even if the usual areas are not working out or not generating business. So 5 percent yield, healthy business all around and more than 1000 properties all over the world: What more do investors need to depend on the bankable Iron Mountain Incorporated (NYSE:IRM)’s stock?

Iron Mountain Incorporated (NYSE:IRM) has been in business for half a decade or so. Its business is formidable enough to tackle any competitor and its numbers are good enough to lure any investor. Just because it’s being overlooked doesn’t mean it doesn’t deserve the benevolence of investors. Sooner or later, hoards of investors will be swarmed around its stock like hornets and Iron Mountain Incorporated (NYSE:IRM)’s business will be known worldwide. For this company, slow and steady formula seems to be at work.