Readers ask: Who Owns Iron Mountain?

Who bought Iron Mountain?

On May 16, 2011, Iron Mountain decided to divest Iron Mountain Digital, which was acquired by the British enterprise search and knowledge management firm Autonomy corporation for $380 million.

How does Iron Mountain make money?

Real estate investment trust (REIT) Iron Mountain (NYSE: IRM) sports a huge 9.3% dividend yield. That’s pretty enticing when you consider the SPDR S&P 500 ETF (NYSEMKT: SPY) only offers a 1.5% yield. Real estate has long been the go-to investment for those looking to build long-term wealth for generations.

What companies use Iron Mountain?

Who uses Iron Mountain?

Company Website Company Size
U.S. Security Associates, Inc. >10000
QA Limited 1000-5000
Boart Longyear Ltd 1000-5000

When did Iron Mountain go public?

In February 1996, Iron Mountain became a public company, raising capital, in part, to initiate this consolidation.

Is Iron Mountain secure?

Iron Mountain Secure Shredding services protect the privacy of your information by destroying paper records and documents, plastics and media in a cost-efficient, safe and compliant way.

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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. Also, the local facility in Hazelwood did not have any professional cleaning people working there.

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 is an attractive investment that can beat the S&P 500. The company is going through transformation and leverage is high.

Is Iron Mountain profitable?

For full-year 2019, total reported Revenues were $4.26 billion, compared with $4.23 billion in 2018, an increase of 3.0% excluding the impact of FX. Income from Continuing Operations for the fourth quarter was $37.1 million, compared with $158.5 million in the fourth quarter of 2018.

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.

What is kept in 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.

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How often does Iron Mountain pay dividends?

There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.0.

Who are Iron Mountain competitors?

Iron Mountain competitors include ARC Document Solutions, Carbonite, InfoPreserve and ThinAir.

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