IRM (Iron Mountain) Dividend Payout Ratio: 1.44 (As of Mar. 2026) — 18% Below Median

What is Iron Mountain Dividend Payout Ratio?

Iron Mountain IRM +1.05% 85 Dividend Payout Ratio is 1.44 as of Mar. 2026, which is 18% below its 10-year median of 1.76. GuruFocus rates IRM with a GF Score™ of 85/100 and a GF Value™ of $107.52 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 718 REITs companies, Iron Mountain ranks worse than 74.09% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Iron Mountain's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.44.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Iron Mountain Inc is 1.48, which seems too high.

The historical rank and industry rank for Iron Mountain's Dividend Payout Ratio or its related term are showing as below:

IRM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.38 Med: 1.76 Max: 2.21
Current: 1.48

During the past 13 years, the highest Dividend Payout Ratio of Iron Mountain was 2.21. The lowest was 1.38. And the median was 1.76.

IRM's Dividend Payout Ratio is ranked worse than
74.09% of 718 companies
in the REITs industry
Industry Median: 0.99 vs IRM: 1.48

As of today (2026-06-26), the Dividend Yield % of Iron Mountain is 2.57%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Iron Mountain was 11.15%. The lowest was 2.09%. And the median was 5.41%.

Iron Mountain's Dividends per Share for the months ended in Mar. 2026 was $0.86.

During the past 12 months, Iron Mountain's average Dividends Per Share Growth Rate was 15.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Iron Mountain was 42.30% per year. The lowest was 0.30% per year. And the median was 7.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Iron Mountain (NYSE:IRM) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Iron Mountain Dividend Payout Ratio Related Terms

Iron Mountain Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Iron Mountain's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Iron Mountain Dividend Payout Ratio Chart

Iron Mountain Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.64

1.38

1.39

1.54

1.52

Iron Mountain Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.83	1.64	1.45	1.42	1.44

IRM vs CCI, SBAC, WY: Dividend Payout Ratio Comparison

For the REIT - Specialty subindustry, Iron Mountain's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Iron Mountain Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Iron Mountain's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Iron Mountain's Dividend Payout Ratio falls into.

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85GF Score

Iron Mountain Inc IRM

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Iron Mountain Dividend Payout Ratio Calculation

Iron Mountain's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	3.219	/	2.12
	=	1.52

Iron Mountain's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.864	/	0.6
	=	1.44

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.44 mean?

Iron Mountain (IRM) has a Dividend Payout Ratio of 1.44 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Iron Mountain and its competitors. This is 18% below median its historical median of 1.76. Over the past decade, Iron Mountain's Dividend Payout Ratio has ranged from 1.38 to 2.21. According to the industry distribution chart, Iron Mountain ranks #532 out of 718 companies in the REITs industry, placing it in the top 74.1%.

Is Iron Mountain's Dividend Payout Ratio too high?

Iron Mountain's current Dividend Payout Ratio of 1.44 is 18% below median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 2.21. The REITs industry median Dividend Payout Ratio is 0.99. Iron Mountain's value of 1.44 is 45.5% above this industry median. Based on the distribution chart, Iron Mountain ranks #532 out of 718 companies in the REITs industry, which is below the industry midpoint. Overall, Iron Mountain has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Iron Mountain's Dividend Payout Ratio compare to CCI and SBAC?

According to the REITs industry distribution chart, Iron Mountain ranks #532 out of 718 companies for Dividend Payout Ratio. This places Iron Mountain in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Iron Mountain's value of 1.44 is 45.5% above this benchmark. Historically, Iron Mountain's own Dividend Payout Ratio has ranged from 1.38 to 2.21 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 0.99, Iron Mountain has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iron Mountain's current Dividend Payout Ratio of 1.44 is 45.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Iron Mountain and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iron Mountain's current Dividend Payout Ratio is 1.44, which is 18% below median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Iron Mountain stock overvalued right now?

Based on GuruFocus' analysis, Iron Mountain (IRM) is currently considered Modestly Overvalued. The stock's GF Value™ is $107.52, compared to a current price of $132.44 — trading 23.2% above its estimated fair value. The current Dividend Payout Ratio is 1.44, which is 18% below median its 10-year median of 1.76 and 45.5% above the REITs industry median of 0.99. Iron Mountain's overall GF Score™ is 85/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Iron Mountain (IRM), the current Dividend Payout Ratio is 1.44 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Iron Mountain (IRM) Overvalued in 2026?

Based on GuruFocus' analysis, Iron Mountain stock appears to be overvalued. The current stock price of $132.44 is trading 23.2% above its estimated GF Value™ of $107.52. GuruFocus considers Iron Mountain to be Modestly Overvalued.

Key valuation signals for IRM:

Dividend Payout Ratio: 1.44 (18% below median its 10-year median of 1.76)
GF Value™: $107.52 vs. price of $132.44 (23.2% above fair value)
GF Score™: 85/100 with 10 warning signs
Industry Position: 45.5% above the REITs median (#532 of 718)

No single metric tells the full story. See the IRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Iron Mountain Business Description

Industry Real Estate REITs

Comparable Companies CCI SBAC WY LAMR GLPI DLR RYN OUT FRMI EPR EQIX AMT MEX:EDUCA18 BOM:543385 XBRU:SHUR UNIT BXDC XTAE:KSTN ASX:WPR ASX:DGT

Other Exchanges 0JDP:UK I5M:Germany I1RM34:Brazil

Address 85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801

Website https://www.ironmountain.com

Iron Mountain Inc is an information management services provider organized and operated as a real estate investment trust. The company offers solutions to its clients to address their information management, digital transformation, information security, data center, and asset lifecycle management (ALM) needs. Its customers come from various industries, including commercial, legal, financial, healthcare, technology, etc. The company has two reportable segments: Global Records and Information Management (Global RIM) and Global Data Center. Maximum revenue is generated from the Global RIM segment, which offers data and records management, secure shredding, consumer storage, and other related services. Geographically, the company generates maximum revenue from the United States.

85GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$132.44

Price

$107.52

GF Value

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