E Daily Stock Pick: Iron Mountain

A portfolio of stocks I've been building since September 3, 2019, is named Volio. It will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the fourth of five real estate sector stocks striving to join my Volio folio. This could be my twenty-seventh pick for Volio!

That real estate sector includes twelve industries all related to real property ownership. Like: Real estate development;  Real estate diversified; Real Estate Services; and nine varieties of real estate investment trusts, or REITs.

My subject today is a mid-cap specialty real estate investment trust named, Iron Mountain Inc. Their trading ticker symbol is IRM. This is my first ever report about Iron Mountain Inc.

Iron Mountain Inc is a record management services provider. The firm is organized as a REIT.

Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets, like Boston where it started and is headquartered.

Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

Founded in 1951, IRM is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across nearly 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services, and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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