Iron Mountain stock (US46284V1017): steady near record highs as NYSE volume remains solid

Iron Mountain shares on the NYSE are trading close to their 52-week high with solid year-to-date gains, drawing attention to the US data-center and records-storage REIT ahead of peers in the broader information management space.

Iron Mountain shares on the New York Stock Exchange are trading close to their recent highs, with the information management and data-center REIT changing hands around the upper end of its 52-week range as investors reassess US real estate names with a digital infrastructure tilt.

According to MarketBeat price data, Iron Mountain last closed at about USD 128 per share on the NYSE, implying a market capitalization near USD 38.3 billion and a one-year trading range between roughly USD 77.77 and USD 134.09 as of late May 2026, underscoring both strong performance and notable volatility in the United States market.

The stock has also delivered robust medium-term gains, with MarketBeat indicating a year-to-date performance above 50% and a one-year performance above 25%, positioning the REIT ahead of many traditional US real estate peers that are more exposed to office and retail properties.

On the fundamental side, Morningstar data show that Iron Mountain currently trades at a normalized price/earnings multiple of about 58.4, with a normalized return on assets of roughly 2.8% and a quick ratio of around 0.63, a profile that reflects its REIT structure, leverage, and long-term contracted customer relationships.

For investors following German trading venues, Iron Mountain is also available via off-exchange platforms such as Tradegate under its NYSE ticker, where it typically trades in euros and mirrors US pricing for European retail investors, although liquidity and spreads can differ from the primary US listing.

The stock traded at approximately USD 128 on 05/30/2026 on the New York Stock Exchange, according to MarketBeat as of 05/30/2026, keeping it within a narrow band near recent highs despite broader US equity market fluctuations.

Regulatory filings also indicate ongoing insider activity at the company: a Form 4 filing summarized by StockTitan shows that CEO William Meaney exercised 38,474 options at an exercise price of USD 37 per share and sold the same number of shares in the market at around USD 126 to USD 130 under a pre-arranged Rule 10b5-1 trading plan, underscoring active share-based compensation practices at the US-based REIT.

There is no recent evidence from SEC filings or major US newswires of any completed take-private transaction or confirmed delisting for Iron Mountain, and the NYSE listing under the ticker IRM remains active with continuous trading and ongoing analyst coverage.

As of: 03/06/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Iron Mountain
• Sector/industry: Data-center and information management REIT
• Headquarters/country: Boston, United States
• Core markets: North America, Europe, Latin America, Asia-Pacific
• Key revenue drivers: Physical records storage, information management services, and data-center capacity
• Home exchange/listing venue: New York Stock Exchange (IRM)
• Trading currency: USD

Iron Mountain: core business model

Iron Mountain generates recurring revenue by storing and managing client information in secure facilities while expanding into higher-growth data-center and digital services that monetize long-term customer relationships.

Iron Mountain in peer comparison

Against other US REITs with infrastructure or storage exposure, Iron Mountain's performance stands out: MarketBeat data show a year-to-date share price gain above 50%, compared with materially lower gains or even declines for many traditional office and retail REITs in the United States over a similar period.

Within its broader peer set, investors often compare Iron Mountain to self-storage REITs and data-center operators; while the company carries a higher normalized P/E multiple near 58.4 according to Morningstar as of 05/30/2026, the premium valuation reflects its hybrid role combining legacy records storage with growing digital infrastructure and information management services.

Conclusion

Iron Mountain's share price near the top of its 52-week range underlines strong investor interest in US-listed REITs that combine traditional storage with higher-growth data-center and digital information services.

In comparison with peers across the US REIT universe, the company's recent outperformance and elevated valuation metrics reflect expectations for continued demand for secure information management and infrastructure, even as higher interest rates and macro uncertainty remain key variables for the broader sector.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.