IRM Stock

IRM is expected to benefit from solid cash flows in its storage and records management sector, along with an emphasis on data centers. Making strategic acquisitions will help boost its growth.

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a worldwide leader in information management services, is set to announce its financial results for the fourth quarter and full year 2024 before the market opens on Thursday, February 13, 2025. On the same day, the company will hold a conference call to discuss these results. The earnings press release, slides for the call, and additional financial details will be accessible at: https://investors.ironmountain.com, under “Quarterly Earnings.”

We have put together a list of the 30 Most Important AI Stocks according to Blackrock. In this article, we will examine how Iron Mountain Incorporated (NYSE:IRM) compares to other AI stocks. In the third quarter of 2024, the investment giant Blackrock shared their views on the market outlook for artificial intelligence.

IRM has lost all its market gains from July and August 2024, which now provides a better margin of safety for potential investors. This is further supported by a strong dividend increase of 10%, which is much higher than usual and enhances the REIT's return potential. Additionally, IRM is expected to see a rise in data center leasing in the coming quarters, thanks to a recent acquisition and plans to expand capacity to over 1.2 GW, a 30% increase.

IRM will gain advantages from its reliable core storage and records management services. The emphasis on the data center is an additional benefit.

The current top three are LNG, IRM, and XLE. Kevin Green discusses example trades for each of these and examines their technical aspects.

Despite recent challenges with rate cuts and the company's debt, there are still chances for growth with IRM. Let's look into whether we should buy more, keep, or sell this stock.

Iron Mountain Incorporated shows impressive growth in revenue, earnings, and AFFO thanks to its solid business model that remains stable regardless of economic changes. However, its high P/E ratio and low forward dividend yield of 2.55% suggest that the stock may be overvalued. The management team is skilled at achieving a high return on equity and discovering new opportunities to profit from their services.

Iron Mountain Incorporated (NYSE:IRM) will participate in the Barclays 22nd Annual Global Technology Conference Call on December 11, 2024, at 11:05 AM ET. The company will be represented by Barry Hytinen, who is the Executive Vice President and Chief Financial Officer. Brendan Lynch from Barclays will also be part of the call, greeting everyone in the morning.