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Iron Mountain Inc. (IRM)

Iron Mountain stores and manages information for other organisations, both physical records and digital, and runs data centres. It was founded in an underground facility near Hudson, New York in 1951, where it stored business records. It is a Delaware corporation and has been organised and operated as a REIT since its 2014 taxable year. It says it serves more than 240,000 customers in 61 countries, including approximately 95 percent of the Fortune 1000.

Iron Mountain Inc.

Iron Mountain stores and manages information for other organisations, both physical records and digital, and runs data centres. It was founded in an underground facility near Hudson, New York in 1951, where it stored business records. It is a Delaware corporation and has been organised and operated as a REIT since its 2014 taxable year. It says it serves more than 240,000 customers in 61 countries, including approximately 95 percent of the Fortune 1000.

Three segments plus corporate

Global Records and Information Management, called Global RIM; the Global Data Center Business; and Corporate and Other, which holds the asset lifecycle management and fine arts businesses along with executive and staff functions such as finance, human resources and IT.

The records business

Iron Mountain holds contracted storage rental agreements that generally run one to five years, and at the end of 2025 it stored more than 740 million cubic feet of physical volume. The filing says a majority of revenue is recurring, that it has consistently experienced strong customer retention, and that historically economic downturns have not significantly affected the storage rental business.

The stated priority in this segment is driving volume growth while taking revenue management opportunities, and enhancing its position in higher-growth markets such as Central and Eastern Europe, Latin America, Asia, the Middle East and Africa.

Digital solutions

Sold globally across market verticals, aimed at customers' digital transformation needs as they navigate a complex regulatory environment and seek access to what the filing calls their dark data. Insight Digital Experience Platform is named as one such offering.

Data centres

At the end of 2025 Iron Mountain operated 31 data centres across 21 global markets, directly or through unconsolidated joint ventures, and had leased approximately 97 percent of the existing 488 megawatt capacity. Total potential capacity in land and buildings it owns or operates is 1,340 megawatts. Lease durations vary by customer, with a weighted average lease expiry of 10.3 years at the end of 2025. The company says the world's most heavily regulated organisations have used it as a data centre operator for over 20 years, and that five of the largest global hyperscalers are among its customers. The stated priority is leasing unsold capacity to hyperscale customers and completing construction on leases already signed.

Asset lifecycle management

Iron Mountain describes itself as a global provider of asset lifecycle management. At the end of 2025 it operated 34 facilities across 8 global markets. The stated approach is broadening the customer base, cross-selling to existing customers, expanding capabilities, and selective tuck-in acquisitions.

Project Matterhorn

Announced in September 2022 and completed in 2025, a global programme to transform the operating model into a global one and develop a solution-based sales approach, with shared services and practices reorganised around it. Iron Mountain incurred approximately $574.4 million in restructuring and other transformation costs on it since inception, including approximately $195.9 million during 2025 and $161.4 million during 2024.

Who the customers are

Named market verticals are commercial, legal, financial, healthcare, technology, insurance, life sciences, energy, business services, entertainment and government organisations.

From Iron Mountain's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Iron Mountain became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 5 November 2026
Revenue
$2.0 billion
+13.5% on the year · -1.9% on the quarter
Q4 FY2024Q3 FY2026
Net income
$124 million
+47.3% on the year · +22.4% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.41
+46.4% on the year · +20.6% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 12 February 2026
Revenue
$6.9 billion
+12.2% on the year
FY2018FY2025
Net income
$145 million
-19.7% on the year
FY2018FY2025
Diluted EPS
$0.49
-19.7% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsIron Mountain (IRM) reported revenue of $6.9 billion for fiscal 2025, the year ended 31 December 2025, up 12.2% on the year before. Net income was $145 million and diluted earnings per share $0.49. Revenue was $6.1 billion in fiscal 2024, $5.5 billion in fiscal 2023, $5.1 billion in fiscal 2022 and $4.5 billion in fiscal 2021. Net income in the same years was $180 million, $184 million, $557 million and $450 million. Over the twelve months to 30 September 2026, Iron Mountain reported revenue of $7.8 billion and net income of $459 million. Revenue grew 10.7% a year, compounded, over the five years to fiscal 2025. Iron Mountain declared $3.46 a share in dividends over the last four quarters and had 298 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Iron Mountain was $31.7 billion, 69.6 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin19.5%
Net margin5.9%
FCF margin-6.9%
Interest cover1.7x
Debt to equityn/a
Cash conversion3.72x
Share count, last 12 months0.8%
Sales CAGR, 3 years10.6%
Profit CAGR, 3 years-36.2%
EPS, TTM$1.53

At the close of 6 November 2026

Price$106.45
Market cap$31.7 billion
Stock P/E69.6x
Price to bookn/a
EV / EBITDA18.8x
Dividend yield3.2%
Market cap / sales4.1x
52-week high$133.06
52-week low$78.86
Price, 1 year5.5%
Price CAGR, 3 years21.6%
Price CAGR, 5 years17.4%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Iron Mountain Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
IRMgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,1601,2481,2901,2871,2791,3141,3581,3881,4201,4771,5341,5571,5811,5931,7121,7541,8431,9362,0291,991
Cost of revenue479547556546540572593592601653676678689710755792822890959927
Gross profit6817017337417397437657968188248588798928829579621,0211,0461,0701,064
Gross margin59%56%57%58%58%57%56%57%58%56%56%56%56%55%56%55%55%54%53%53%
SG&A262281295285279295312315315319345342333330390335338373402349
Operating income196222294286248241213238231246230251282254260309341395374411
Operating margin17%18%23%22%19%18%16%17%16%17%15%16%18%16%15%18%19%20%18%21%
Interest expensen/an/an/an/an/an/an/an/an/a165177186194195205210220224223217
Pre-tax income84.751.822021714382.35.410138.293.647.9-21.312431.1-27.0103104176121186
Tax rate27%19%8%11%12%20%79%10%24%18%28%n/a15%48%n/a16%11%15%12%31%
Net income61.642.320019212264.60.191.028.574.135.8-33.610416.0-44.984.389.3144101124
Net margin5%3%16%15%10%5%0%7%2%5%2%-2%7%1%-3%5%5%7%5%6%
Diluted EPS$0.21$0.14$0.68$0.66$0.42$0.22$0.00$0.31$0.10$0.25$0.12-$0.11$0.35$0.05-$0.15$0.28$0.30$0.48$0.34$0.41
Operating cash flow29654.5291214367129317220447130382253432197375268500339549316
Capital expenditure192161169267279266335362377381397396618675557524516518588618
Free cash flow103-107122-52.188.8-137-17.6-14170.3-251-14.6-143-186-477-182-256-16.2-179-38.9-302
Dividends paid179184180180180187181181190198191191210223232232232276257257
Shares outstanding290m291m291m291m291m292m292m292m292m293m293m293m294m295m295m296m296m297m298m298m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue3,5113,8464,2264,2634,1474,4925,1045,4806,1506,9027,799
Cost of revenuen/a1,6651,7941,8331,7571,8872,1892,3582,6973,0793,598
Gross profitn/a2,1812,4322,4292,3902,6042,9143,1223,4533,8224,201
Gross marginn/a56.7%57.5%57.0%57.6%58.0%57.1%57.0%56.2%55.4%53.9%
Selling, general and administrative9889371,0079929491,0231,1411,2361,3401,3941,462
Operating income5026348087819358541,0509221,0101,1641,520
Operating margin14.3%16.5%19.1%18.3%22.5%19.0%20.6%16.8%16.4%16.9%19.5%
Interest expensen/an/an/an/an/an/a488586722829884
Pre-tax incomen/an/an/an/a373629632227245211587
Income tax44.923.042.859.929.617669.539.960.958.9110
Effective tax raten/an/an/an/a7.9%28.0%11.0%17.6%24.9%27.9%18.7%
Net income105170354267343450557184180145459
Net margin3.0%4.4%8.4%6.3%8.3%10.0%10.9%3.4%2.9%2.1%5.9%
Diluted EPS$0.42$0.64$1.23$0.93$1.19$1.55$1.90$0.63$0.61$0.49$1.53
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
GLOBAL RIM BUSINESSn/a3,7063,8433,8123,7493,9954,2954,6624,9795,29176.7%
CORPORATE  AND OTHER57.010215419311917040732355080711.7%
GLOBAL DATA CENTER BUSINESS24.237.722925727932740149562080311.6%
North American Data Management Business393n/an/an/an/an/an/an/an/an/an/a
North American Records and Information Management Business1,931n/an/an/an/an/an/an/an/an/an/a
Other International Business659n/an/an/an/an/an/an/an/an/an/a
Western European Business447n/an/an/an/an/an/an/an/an/an/a
GLOBAL RIM BUSINESS FY2017 to FY2025CORPORATE  AND OTHERGLOBAL DATA CENTER BUSINESSNorth American Records and Information Management Business FY2016Other International Business FY2016Western European Business FY2016North American Data Management Business FY2016
3,846FY20174,263FY20194,492FY20215,480FY20236,902FY2025

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Records management2,6322,8482,9682,9952,9543,2003,4253,7724,0614,38363.5%
Information destruction3303864324263594357676939531,21017.5%
Data center lease-based intangible assets24.237.722925727932740149562080311.6%
Data management5255745975845555295105205155057.3%
Records managementInformation destructionData center lease-based intangible assetsData management
3,846FY20174,263FY20194,492FY20215,480FY20236,902FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United States2,1742,3102,5802,6332,5772,7133,2633,5074,0084,57366.3%
Remaining Countries7228889609699641,0831,2371,3001,4121,55322.5%
United Kingdom2372462812752482953333944264736.8%
Canada2312442502432252522712793033024.4%
Australia148157155144134148n/an/an/an/an/a
United StatesRemaining CountriesUnited KingdomCanadaAustralia FY2016 to FY2021
3,846FY20174,263FY20194,492FY20215,480FY20236,902FY2025

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow5447219369679887599281,1141,1971,3401,704
Capital expenditure3293434606934386118751,3391,7922,2722,240
Free cash flow21537847527454914852.3-226-595-932-537
Free cash flow margin6.1%9.8%11.3%6.4%13.2%3.3%1.0%-4.1%-9.7%-13.5%-6.9%
Cash from investing-536-599-2,222-731-85.4-473-1,660-1,444-2,137-2,574-2,414
Cash from financing125540551-199-887-2216394268771,268678
Depreciation and amortisation4525226406586526807287769011,0241,119
Share-based compensation29.030.031.235.737.761.056.973.8118140138
Dividends paid5064406747057167187247387909191,022
Dividend per share$2.04$2.27$2.38$2.45$2.47$2.47$2.47$2.54$2.73$3.22$3.46
Diluted shares, weighted247m267m287m288m289m291m292m294m296m298m300m
Shares outstanding at period end264m283m286m287m288m290m291m292m294m296m298m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,9372,2971,8611,4641,137856637212-503-981-1,388
Non-controlling interest0.11.41.40.30.01.10.10.1198272325
Redeemable equity54.791.470.567.759.872.495.217878.264.462.2
Debt6,2517,0438,1438,6658,7039,27210,56911,93313,71916,43217,972
Operating lease liabilitiesn/an/a0.01,7292,0452,1712,4292,5622,3352,3002,187
Finance lease liabilitiesn/an/an/a321323316289311278471499
Other liabilities1,2441,5391,7761,5711,8821,7622,1212,2782,6112,5672,666
Total liabilities and equity9,48710,97211,85213,81714,14914,45016,14117,47418,71721,12522,323
Owned
Fixed assets3,0833,4184,4904,623n/an/an/an/an/an/an/a
Goodwill3,9054,0704,4414,4854,5584,4644,8835,0185,0845,2865,280
Intangible assets1,2691,4011,5071,3931,3271,1811,4231,2801,2751,2701,208
Trading assets10.711.8n/an/an/an/an/an/an/an/an/a
Cash and equivalents236926165194205256142223156159188
Receivables6918368478518599611,1751,2601,2911,4441,508
Inventoryn/an/an/an/an/a0.011.7n/an/an/an/a
Other assets2913114032,2717,2007,5888,5069,69310,91112,96714,139
Total assets9,48710,97211,85213,81714,14914,45016,14117,47418,71721,12522,323
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a10.7%10.6%17.5%
Profit growth, compoundedn/a-15.9%-36.2%187.9%
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Iron Mountain's revenue in fiscal 2025?

Iron Mountain (IRM) reported revenue of $6.9 billion for fiscal 2025, the year ended 31 December 2025, up 12.2% on the year before.

How much did Iron Mountain earn in fiscal 2025?

Net income was $145 million for fiscal 2025, and diluted earnings per share $0.49.

What is Iron Mountain's P/E ratio?

At the close of 6 November 2026, Iron Mountain traded at 69.6 times its earnings over the twelve months to 30 September 2026.

What is Iron Mountain's market cap?

The market cap of Iron Mountain was $31.7 billion at the close of 6 November 2026.

Does Iron Mountain pay a dividend?

Yes. Iron Mountain declared $3.46 a share in dividends over the four quarters to 30 September 2026.

Peers: Trading

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TTM		Debt to equityDiv. yield
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Digital Realty Trust, Inc. DLR$65.3 billion72.893.3%16.2%20.0%0.69n/a
Public Storage PSA$63.1 billion35.3413.1%34.5%5.2%0.843.6%
Realty Income Corp. O$56.2 billion40.723.4%20.5%10.8%0.795.5%
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Crown Castle Inc. CCI$37.7 billion46.63n/a47.1%-15.7%n/a4.8%
Extra Space Storage Inc. EXR$33.2 billion32.358.1%43.8%4.1%1.044.1%
Iron Mountain Inc. IRM$31.7 billion69.58n/a19.5%17.5%n/a3.2%
All 181 in Trading
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Morgan Stanley MS$284.0 billion14.4017.5%n/a16.2%3.322.3%
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Welltower Inc. WELL$179.3 billion106.063.4%-1.9%39.2%0.401.3%
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American Tower Corp. AMT$87.7 billion26.6394.2%44.8%5.3%10.693.7%
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Brookfield Asset Management Ltd. BAM$84.6 billionn/an/a58.6%31.9%0.38n/a
Simon Property Group Inc. SPG$73.9 billion16.48110.4%45.9%16.2%6.963.9%
Robinhood Markets, Inc. HOOD$72.9 billion37.2919.7%45.7%20.9%0.26n/a
Apollo Global Management, Inc. APO$69.0 billionn/a-5.8%9.8%12.2%0.921.8%
Digital Realty Trust, Inc. DLR$65.3 billion72.893.3%16.2%20.0%0.69n/a
Public Storage PSA$63.1 billion35.3413.1%34.5%5.2%0.843.6%
Nasdaq, Inc. NDAQ$59.8 billion29.2717.4%29.7%11.9%0.731.1%
Realty Income Corp. O$56.2 billion40.723.4%20.5%10.8%0.795.5%
Ventas, Inc. VTR$46.9 billion167.461.7%3.2%22.1%0.792.3%
Ameriprise Financial Inc. AMP$43.6 billion11.2981.4%26.8%10.0%1.17n/a
Ares Management Corp. ARES$42.0 billionn/a11.3%17.7%7.6%2.033.9%
Crown Castle Inc. CCI$37.7 billion46.63n/a47.1%-15.7%n/a4.8%
Cboe Global Markets, Inc. CBOE$36.8 billion25.1125.0%36.4%14.3%0.240.9%
Interactive Brokers Group, Inc. IBKR$34.4 billion29.1618.9%n/a19.7%n/a0.4%
Extra Space Storage Inc. EXR$33.2 billion32.358.1%43.8%4.1%1.044.1%
Iron Mountain Inc. IRM$31.7 billion69.58n/a19.5%17.5%n/a3.2%
Raymond James Financial Inc. RJF$31.3 billion14.1918.2%n/a10.5%0.071.3%
Tradeweb Markets Inc. TW$29.7 billion29.9913.7%44.1%14.4%0.000.4%
Nomura Holdings Inc. NMR *$27.3 billion12.459.8%n/a14.0%n/a4.4%
Vici Properties Inc. VICI$27.3 billion11.378.1%n/a4.7%0.587.3%
Vivmark Residential VMRK$24.6 billion28.488.3%28.2%2.8%0.794.3%
T. Rowe Price Group, Inc. TROW$23.1 billion10.9619.2%32.0%6.9%0.004.8%
LPL Financial Holdings Inc. LPLA$23.0 billion16.9524.0%9.2%31.0%1.340.4%
Royal Gold Inc. RGLD$22.5 billion26.7910.8%62.0%105.2%0.020.7%
Pershing Square Inc. PS$20.6 billionn/a-9.0%0.2%n/a0.21n/a
SBA Communications Corp. SBAC$19.8 billion20.45n/a47.7%2.3%n/a2.6%
Texas Pacific Land Corp. TPL$18.8 billion32.0032.6%75.5%25.3%0.000.9%
TPG Inc. TPG$17.9 billion59.186.8%n/a18.8%0.574.8%
Essex Property Trust, Inc. ESS$17.5 billion50.556.6%29.5%4.5%1.253.8%
Franklin Templeton Inc. BEN$17.1 billion22.976.9%9.7%7.9%0.203.9%
Kimco Realty Corp. KIM$17.0 billion23.847.4%40.1%3.5%0.834.2%
Host Hotels & Resorts, Inc. HST$16.9 billion17.9814.8%14.8%5.0%0.806.1%
Lamar Advertising Co. LAMR$15.8 billion27.5155.8%32.1%5.1%3.394.3%
Blue OWL Capital Inc. OWL$15.4 billion70.144.9%-105.8%119.9%1.898.7%
Weyerhaeuser Co. WY$15.1 billion33.294.8%11.7%-1.1%0.574.0%
W. P. Carey Inc. WPC$15.0 billion22.437.4%43.8%9.0%1.005.7%
Annaly Capital Management Inc. NLY$14.7 billion13.117.1%n/a28.4%2.4314.9%
Omega Healthcare Investors Inc. OHI$14.6 billion19.3613.8%73.4%14.0%0.735.6%
Sun Communities Inc. SUI$14.4 billionn/a-14.7%4.2%2.9%0.723.7%
Carlyle Group Inc. CG$14.0 billion42.225.4%16.6%-7.6%0.463.5%
Healthpeak Properties, Inc. DOC$14.0 billion37.564.8%4.0%9.4%1.196.0%
Mid-America Apartment Communities, Inc. MAA$13.8 billion36.057.3%n/a1.0%1.105.1%
Regency Centers Corp. REG$13.7 billion26.747.7%72.0%8.4%0.724.0%
American Healthcare REIT, Inc. AHR$13.4 billion118.201.7%20.2%21.5%0.251.7%
SEI Investments Co. SEIC$12.5 billion18.3128.3%29.4%12.8%0.011.0%
Equity Lifestyle Properties Inc. ELS$12.2 billion31.0123.1%26.1%3.2%1.893.4%
Invesco Ltd. IVZ$11.9 billionn/a-2.5%-4.5%13.7%0.103.1%
Udr, Inc. UDR$11.7 billion17.2522.3%52.2%0.6%1.844.7%
American Homes 4 Rent AMH$11.7 billion26.916.7%15.2%3.5%0.773.9%
Stifel Financial Corp. SF$11.4 billion12.2816.1%n/a10.9%0.101.8%
Gaming & Leisure Properties, Inc. GLPI$11.3 billion11.8918.9%79.1%7.3%1.638.2%
Freedom Holding Corp. FRHC$11.0 billionn/an/an/an/an/an/a
Jefferies Financial Group Inc. JEF$10.9 billionn/a8.3%n/a17.7%1.723.4%
Evercore Inc. EVR$10.8 billion15.6339.2%21.3%36.6%0.281.2%
Eastgroup Properties Inc. EGP$10.4 billion32.848.9%40.8%10.4%0.513.3%
Bxp, Inc. BXP$10.4 billion19.4710.3%29.2%2.7%3.204.3%
Houlihan Lokey, Inc. HLI$10.1 billion24.4617.5%20.3%-0.4%0.001.8%
CubeSmart CUBE$10.1 billion29.8114.0%40.8%3.3%1.434.7%
Camden Property Trust CPT$10.0 billion9.2824.6%n/a-1.0%0.934.2%
Janus Living, Inc. JAN$9.9 billionn/a0.2%n/an/a0.00n/a
CareTrust REIT, Inc. CTRE$9.8 billion24.046.8%54.6%43.6%0.393.9%
Federal Realty Investment Trust FRT$9.7 billion22.5313.6%47.7%7.8%1.504.0%
Affiliated Managers Group, Inc. AMG$9.4 billion12.5628.2%15.1%11.8%0.990.0%
Brixmor Property Group Inc. BRX$9.2 billion21.9114.1%n/a5.7%1.764.1%
Ryman Hospitality Properties, Inc. RHP$9.1 billion31.8920.2%19.6%12.9%3.403.6%
Agree Realty Corp. ADC$9.1 billion36.033.5%48.9%17.7%0.543.8%
Morningstar, Inc. MORN$9.1 billion21.3343.4%24.5%9.4%1.640.8%
Lineage, Inc. LINE$8.9 billionn/a-2.1%3.6%1.0%0.795.4%
Virtu Financial, Inc. VIRT$8.4 billion7.9231.1%32.4%26.1%2.381.8%
Rexford Industrial Realty, Inc. REXR$8.1 billionn/a-6.4%39.8%-2.0%0.394.6%
NNN REIT, Inc. NNN$8.0 billion19.598.7%62.9%7.3%1.105.9%
Alexandria Real Estate Equities, Inc. ARE$7.8 billionn/a-9.7%-85.8%-9.9%0.876.4%
Victory Capital Holdings, Inc. VCTR$7.4 billion21.9218.8%40.4%36.9%0.401.6%
InterDigital, Inc. IDCC$7.4 billion31.4625.2%45.1%-12.0%0.251.0%
First Industrial Realty Trust Inc. FR$7.1 billion19.9912.9%41.6%8.5%0.963.6%
Stag Industrial, Inc. STAG$7.1 billion25.967.4%37.7%9.3%0.944.2%
Macerich Co. MAC$7.1 billionn/a-3.6%-12.0%-1.3%1.902.7%
Vornado Realty Trust VNO$6.7 billionn/a0.2%n/a1.6%1.272.1%
Healthcare Realty Trust Inc. HR$6.5 billionn/a-1.1%n/a-5.8%1.045.0%
StoneX Group Inc. SNEX$6.5 billion9.3918.5%n/a48.7%6.97n/a
Rayonier Inc. RYN$6.4 billion37.143.0%12.0%24.1%0.354.9%
Essential Properties Realty Trust, Inc. EPRT$6.2 billion22.745.8%60.6%20.4%0.664.5%
Dolby Laboratories, Inc. DLB$6.1 billion27.598.8%17.7%0.6%0.002.2%
Marketaxess Holdings Inc. MKTX$5.8 billion20.2722.9%39.1%3.9%0.071.9%
StepStone Group Inc. STEP$5.7 billionn/an/a-58.2%48.5%n/a3.1%
SSR Mining Inc. SSRM$5.7 billion24.067.7%40.9%39.4%0.00n/a
Sabra Health Care REIT, Inc. SBRA$5.5 billion75.042.5%n/a23.4%0.865.7%
Outfront Media Inc. OUT$5.4 billion21.0936.6%20.7%9.1%3.594.0%
Galaxy Digital Inc. GLXY$5.3 billionn/a-18.5%-2.3%66.0%1.55n/a
Phillips Edison & Company, Inc. PECO$5.2 billion28.157.5%n/a7.0%1.055.6%
Rithm Capital Corp. RITM$5.2 billionn/an/an/an/a3.5010.8%
Kite Realty Group Trust KRG$5.0 billion15.7112.4%17.4%-7.3%1.024.6%
Hamilton Lane Inc. HLNE$5.0 billion13.2628.2%43.7%18.9%0.27n/a
BGC Group, Inc. BGC$5.0 billion25.5718.0%4.7%27.6%1.600.8%
HA Sustainable Infrastructure Capital, Inc. HASI$5.0 billion40.525.5%n/a22.6%2.364.4%
Cousins Properties Inc. CUZ$4.9 billion328.830.3%68.3%8.5%0.804.3%
Federated Hermes, Inc. FHI$4.7 billion11.5732.5%27.8%13.2%0.272.2%
Howard Hughes Holdings Inc. HHH$4.6 billion30.714.3%18.1%42.8%1.44n/a
Americold Realty Trust COLD$4.6 billion19.307.9%15.1%1.3%1.035.7%
EPR Properties EPR$4.6 billion16.8112.7%59.0%7.3%1.436.1%
Apple Hospitality REIT, Inc. APLE$4.5 billion23.905.9%18.3%3.2%0.475.1%
Tanger Inc. SKT$4.4 billionn/an/an/an/a2.44n/a
Piper Sandler Companies PIPR$4.4 billion15.5321.9%n/a21.1%n/a3.0%
Starwood Property Trust, Inc. STWD$4.4 billionn/a-4.0%-12.7%14.4%3.4015.9%
Lazard, Inc. LAZ$4.2 billion23.2219.5%8.1%9.2%1.785.2%
Kilroy Realty Corp. KRC$4.2 billion149.250.6%n/a-3.6%0.846.0%
Cohen & Steers, Inc. CNS$3.8 billion22.4627.8%32.4%8.6%0.003.6%
Copt Defense Properties CDP$3.7 billion22.2111.0%30.2%7.2%1.673.8%
PJT Partners Inc. PJT$3.7 billion21.2552.5%20.5%10.2%0.000.7%
LXP Industrial Trust LXP$3.6 billion31.545.9%n/a-3.5%0.664.5%
SL Green Realty Corp. SLG$3.6 billionn/a-3.7%61.7%9.7%1.255.2%
Independence Realty Trust, Inc. IRT$3.5 billion57.651.8%16.6%3.1%0.724.7%
Highwoods Properties, Inc. HIW$3.5 billion18.747.8%67.2%5.4%1.486.4%
Miami International Holdings, Inc. MIAX$3.4 billion12.7724.3%10.9%n/a0.00n/a
National Health Investors Inc. NHI$3.4 billion20.5910.6%n/a23.9%0.815.2%
Broadstone Net Lease, Inc. BNL$3.4 billion23.045.1%46.0%8.0%1.016.7%
Acadian Asset Management Inc. AAMI$3.2 billion26.66n/a25.5%27.9%n/a0.3%
Artisan Partners Asset Management Inc. APAM$3.2 billion9.1669.7%33.4%8.7%0.438.1%
WisdomTree, Inc. WT$2.9 billion27.4424.8%39.9%45.2%2.380.6%
DiamondRock Hospitality Co. DRH$2.9 billion17.7710.7%16.6%2.1%0.712.9%
Acadia Realty Trust AKR$2.7 billion70.732.0%53.3%-0.3%0.784.0%
Four Corners Property Trust, Inc. FCPT$2.6 billion21.497.3%n/a10.2%0.966.3%
CoreCivic, Inc. CXW$2.5 billion1.8563.5%9.9%26.9%0.28n/a
InvenTrust Properties Corp. IVT$2.5 billion85.221.6%-7.7%12.6%0.583.1%
LTC Properties Inc. LTC$2.5 billion4.7030.8%58.5%70.4%0.605.1%
Netstreit Corp. NTST$2.4 billion85.411.1%32.5%27.1%0.604.7%
Pebblebrook Hotel Trust PEB$2.4 billionn/a-2.9%3.1%2.8%0.890.2%
SmartStop Self Storage REIT, Inc. SMA$2.2 billion67.122.9%22.9%20.7%1.00n/a
RLJ Lodging Trust RLJ$1.9 billion121.901.7%10.0%4.1%1.034.8%
Douglas Emmett Inc. DEI$1.7 billionn/a-1.1%18.8%1.8%3.147.5%
Diversified Healthcare Trust DHC$1.7 billionn/a-9.9%-2.3%-3.8%1.600.6%
Global Net Lease, Inc. GNL$1.5 billionn/a-3.4%37.9%-21.8%1.7811.0%
CBL & Associates Properties Inc. CBL$1.5 billion6.8150.8%27.2%9.0%4.76n/a
American Assets Trust, Inc. AAT$1.3 billion61.541.9%23.6%1.1%1.526.3%
Alexanders Inc. ALX$1.3 billion6.7883.9%n/a8.2%3.677.1%
UMH Properties, Inc. UMH$1.3 billion298.400.5%n/a8.5%0.976.0%
Digital Turbine, Inc. APPS$1.3 billionn/a-18.3%10.3%19.2%1.85n/a
Medical Properties Trust Inc. MPT$1.1 billion4.405.4%3.7%10.5%2.0019.9%
Easterly Government Properties, Inc. DEA$1.1 billion77.521.1%23.9%11.4%1.288.0%
Ridgepost Capital, Inc. RPC$1.1 billion31.326.8%27.2%8.2%0.921.5%
Oppenheimer Holdings Inc. OPY$974 million12.238.7%7.2%13.9%n/a0.8%
Centerspace CSR$964 million10.7311.5%56.1%-6.0%1.025.4%
Orchid Island Capital, Inc. ORC$960 million98.60-0.5%95.7%74.8%9.2126.8%
Empire State Realty Trust, Inc. ESRT$918 million265.250.3%-4.4%2.0%2.142.6%
Abacus Global Management, Inc. ABX$852 million32.526.5%31.8%65.3%0.76n/a
Virtus Investment Partners, Inc. VRTS$846 million7.2812.7%15.7%-7.2%0.447.5%
CTO Realty Growth, Inc. CTO$783 million17.726.5%37.5%15.9%1.05n/a
Summit Hotel Properties, Inc. INN$755 millionn/a-2.5%9.9%2.4%1.654.6%
Safehold Inc. SAFE$749 million6.584.7%24.9%16.5%1.956.7%
Postal Realty Trust, Inc. PSTL$742 million38.904.7%38.2%22.3%0.944.4%
JBG Smith Properties JBGS$739 millionn/a-20.4%0.8%3.0%2.545.6%
Chatham Lodging Trust CLDT$722 million96.882.2%13.4%3.8%0.562.5%
Saul Centers, Inc. BFS$709 million31.0411.6%66.7%9.2%5.588.3%
PennyMac Mortgage Investment Trust PMT$685 million17.094.6%22.3%-11.5%1.7920.4%
Service Properties Trust SVC$674 million14.03-65.1%-6.1%-15.6%6.352.9%
Chimera Investment Corp. CIM$613 millionn/a-7.9%n/a12.4%4.0923.5%
Brandywine Realty Trust BDN$553 millionn/a-21.5%19.0%3.5%3.739.8%
Universal Health Realty Income Trust UHT$544 million26.9914.5%35.9%-0.0%2.847.6%
TPG RE Finance Trust, Inc. TRTX$512 million17.314.4%n/a-2.4%4.1014.2%
Franklin BSP Realty Trust, Inc. FBRT$470 millionn/a1.4%n/a16.4%2.9215.4%
One Liberty Properties Inc. OLP$446 million18.668.6%48.3%10.7%1.838.5%
BrightSpire Capital, Inc. BRSP$416 million23.862.2%27.0%2.5%2.9819.2%
NexPoint Residential Trust, Inc. NXRT$415 millionn/a-16.6%10.6%0.7%7.2413.0%
Industrial Logistics Properties Trust ILPT$397 millionn/a-14.9%33.7%3.5%9.854.2%
Farmland Partners Inc. FPI$369 million55.002.3%12.4%-5.6%0.5615.8%
Arbor Realty Trust Inc. ABR$299 millionn/a-4.2%n/a-12.9%4.4158.6%
Apollo Commercial Real Estate Finance, Inc. ARI$297 million2.9010.5%35.1%-14.7%n/a43.1%
Mesabi Trust MSB$226 million34.8836.9%n/a-87.6%0.00n/a
North European Oil Royalty Trust NRT$65 millionn/an/an/an/an/an/a
115 companies share its SEC industry code (Real Estate Investment Trusts); the rest are the names nearest in size in its wider industry, Trading, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on IRM

Dividends$3.456 a share over the four quarters to 30 September 2026, a 3.25% yield
Filings16 in twelve months: 8 current reports (8-K), about 4 results of operations; 2 material agreement; 2 new financial obligation; 2 other events; 1 shareholder vote
Planned insider sales34 Form 144 notices in twelve months, $113.8 million; latest 6 November 2026
Options tapeput/call 0.76 by open interest at the 6 November 2026 close; the straddle prices a 4.1% move to 13 November 2026
13F holders1,177 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading70 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest7.1 million shares short, 5.13 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20265 November 2026EDGAR
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 20246 November 2024EDGAR
10-Q30 June 20241 August 2024EDGAR

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