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Iron Mountain: Expensive Relative To Other REITs (Rating Downgrade)
IRMIron Mountain(IRM) Seeking Alpha·2024-01-07 12:51
Settapongd Dee-ud/iStock via Getty Images Dear readers, Iron Mountain Incorporated (NYSE:IRM) is a data storage REIT focused on innovative solutions in data center infrastructure, asset lifecycle management, and information management services. The REIT primarily owns two distinct types of properties - paper storage facilities and data centers. While the former is likely to experience a secular decline over time, the latter has boomed lately as a result of the rise of AI. Both segment complements each o ...