FAQ: What Is Iron Mountain?

What does Iron Mountain do?

Iron Mountain Incorporated (NYSE: IRM) is a global business dedicated to storing, protecting and managing, information and assets. Organizations across the globe trust us to store and protect information and assets. Thousands of local enterprises work with us, as does almost all of the FORTUNE 1000.

Why is it called Iron Mountain?

Settled in 1879, it was named for its proximity to a bluff heavily stratified with iron ore. Iron Mountain was incorporated as a village in 1887 and as a city in 1889.

What business is Iron Mountain in?

Iron Mountain (company)

Type Public
Traded as NYSE: IRM S&P 500 Component
Industry Information storage Enterprise information management
Founded 1951
Headquarters Boston, Massachusetts, USA

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How does Iron Mountain make money?

Right now “storage” makes up roughly 70% of Iron Mountain’s revenue, with the physical records business accounting for 70% of that total. The rest of the “storage” business is largely digital, but not exclusively. The other 30% of the company’s revenue is derived from services.

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Is Iron Mountain shredding safe?

A secure shredding service from Iron Mountain ensures you can protect and destroy confidential information safely, while complying with regulations and privacy laws.

Who uses Iron Mountain?

Iron Mountain is one of the leading providers of EIM services in the world. As of 2016, Iron Mountain offers its services to 94% of Fortune 1000 companies. Some of the well-known companies who use Iron Mountain are Solabs, American Stock Transfer & Trust Company, SunGard Availability Services, and Woonstad Rotterdam.

What is Iron Mountain MI famous for?

It shares Woodward Avenue with the neighboring town, Kingsford. In addition, Iron Mountain is known for its pasties, Bocce Ball Tournaments, World Cup Ski Jumps, and Italian cuisine. Iron Mountain was also named a ” Michigan Main Street” community by Michigan Governor Jennifer Granholm in 2006.

Is Iron Mountain a good company to work for?

Iron Mountain is a great company to work on the corporate level. They have a great benefits and insurance and sick leave. The problem was the local level. Inexperienced supervisors and managers with very little experience.

What is Iron Mountain dividend?

with 96% accuracy. Sign up for Iron Mountain Inc. and we’ll email you the dividend information when they declare.

Summary Previous dividend Next dividend
Per share 61.85c 61.85c
Declaration date 24 Feb 2021 (Wed) 06 May 2021 (Thu)
Ex-div date 12 Mar 2021 (Fri) 14 Jun 2021 (Mon)

Is Iron Mountain real?

Publicly traded on the NYSE under IRM, Iron Mountain is an S&P 500 company and a member of the Fortune 1000 (currently ranked: 619). Organizations in every major industry and of all sizes—including more than 95% of the FORTUNE 1000—rely on Iron Mountain as their information management partner.

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What is inside Iron Mountain?

Iron Mountain’s “The Underground” is a secure information storage facility that lies 220 feet below ground in a massive, naturally protected former limestone mine. The Underground is the trusted repository for vital records of all types, including some of the world’s most valuable information.

How much does Iron Mountain cost?

As the above example points out, storing one LTO-8 tape (12TB of uncompressed data) via Iron Mountain remains steady at $12.00 per year – equivalent to $1 per month.

Is Iron Mountain profitable?

For example, Iron Mountain reported making a quarterly gross profit of $624.24 million on quarterly revenues of $1.08 billion on 31 December 2019. In addition, Iron Mountain’s revenues grew at a rate of 1.71% in the quarter ending on New Year’s Eve 2019.

Is Iron Mountain a good long term investment?

Iron Mountain Inc (NYSE:IRM) is an excellent high-growth real estate investment trust (REIT) that investors should keep on their radar in 2021. And not just because it provides a frothy annual dividend of 8.4% (with a trailing annual dividend of 8.42% and a five-year trailing dividend of 6.9%).

Is Iron Mountain stock a good investment?

The company offers decent fundamentals, attractive valuation and in my opinion, its growth opportunities outweigh its risks in the medium term. Therefore, I believe that Iron Mountain can beat the S&P 500, and offer over 10% total return with half coming from the dividend, and the second half from AFFO growth.

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