Iron Mountain extends its data center push, shares trade near record levels

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-26, 14:34.

Iron Mountain (US46284V1017) enters the end of the week as a steadily re-rated NYSE real estate player. The stock closed at 131.06 US dollars on 25 June 2026, close to its 52-week high of 134.68 dollars, according to MarketBeat.

What recent numbers show

Zacks reports that Iron Mountain delivered adjusted earnings of 1.43 dollars per share in the March 2026 quarter, ahead of the Zacks Consensus Estimate of 1.39 dollars per share and sharply above 0.43 dollars a year earlier. Zacks analysis of the Q1 2026 figures Revenue for the quarter reached 1.94 billion dollars, beating consensus by 4.31 percent.

Those figures underline a marked step-up in profitability, with earnings more than tripling year-on-year on an adjusted basis. The same Zacks report details the revenue mix Zacks places Iron Mountain in the Business - Information Services industry, a niche where data growth and compliance needs remain structural drivers.

Analyst consensus and sector positioning

MarketBeat data show a market capitalization of around 38.99 billion dollars and a dividend yield of 2.64 percent at the latest close, with a consensus rating of “Moderate Buy” and an average price target of 131.67 dollars. MarketBeat overview of Iron Mountain The shares have traded between 77.77 and 134.68 dollars over the past 52 weeks.

Bitget highlights that major brokerage houses are broadly positive on the stock, noting that sell ratings are currently absent and that the Street’s view ranges from cautiously optimistic to bullish. Bitget summary of Wall Street sentiment on Iron Mountain The analysis cites high-end targets from firms such as Barclays at around 130 dollars, tied to faster-than-expected leasing in Frankfurt and Northern Virginia data center markets.

The product behind the stock

Iron Mountain’s core business historically centers on records management and secure storage, but the company has expanded aggressively into data centers that host enterprise and cloud infrastructure. This pivot positions it as a REIT benefiting from long-term contracts to store and process data for corporate and public-sector clients.

Where the shares trade today

The Iron Mountain shares (US46284V1017) trade on the NYSE at 131.06 US dollars as of 2026-06-25, 15:59 Eastern, with an after-hours indication around 128.63 dollars reported in extended trading.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instrument. All data are based on sources believed to be reliable but cannot be guaranteed.