DLR vs. IRM: A Head-to-Head Stock Comparison

Updated on August 20, 2025

Here’s a clear look at DLR and IRM, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Both DLR and IRM are Real Estate Investment Trusts (REITs). These entities are required to distribute the majority of their taxable income to shareholders, often resulting in higher dividend yields.

Symbol	DLR	IRM
Company Name	Digital Realty Trust, Inc.	Iron Mountain Incorporated
Country	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry	Specialized REITs	Specialized REITs
Market Capitalization	58.55 billion USD	27.75 billion USD
Exchange	NYSE	NYSE
Listing Date	October 29, 2004	February 1, 1996
Security Type	REIT	REIT

Historical Performance

This chart compares the performance of DLR and IRM by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

DLR vs. IRM: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	DLR	IRM
5-Day Price Return	-1.55%	2.33%
13-Week Price Return	1.55%	-4.05%
26-Week Price Return	0.28%	-11.52%
52-Week Price Return	13.33%	-13.53%
Month-to-Date Return	-4.45%	-3.48%
Year-to-Date Return	-4.93%	-10.60%
10-Day Avg. Volume	1.29M	2.01M
3-Month Avg. Volume	1.80M	1.65M
3-Month Volatility	16.49%	23.87%
Beta	0.99	1.08

Profitability

Return on Equity (TTM)

DLR

6.37%

Specialized REITs Industry

Max: 37.66%
Q3: 20.19%
Median: 8.96%
Q1: 6.32%
Min: -1.71%

DLR’s Return on Equity of 6.37% is on par with the norm for the Specialized REITs industry, indicating its profitability relative to shareholder equity is typical for the sector.

IRM

85.19%

Specialized REITs Industry

Max: 37.66%
Q3: 20.19%
Median: 8.96%
Q1: 6.32%
Min: -1.71%

IRM’s Return on Equity of 85.19% is exceptionally high, placing it well beyond the typical range for the Specialized REITs industry. This demonstrates a superior ability to generate profit from shareholder investments, though it could also be inflated by high financial leverage.

DLR vs. IRM: A comparison of their Return on Equity (TTM) against the Specialized REITs industry benchmark.

Net Profit Margin (TTM)

DLR

23.98%

Specialized REITs Industry

Max: 67.81%
Q3: 40.70%
Median: 25.91%
Q1: 11.01%
Min: 1.95%

In the Specialized REITs industry, Net Profit Margin is often not the primary profitability metric.

IRM

0.64%

Specialized REITs Industry

Max: 67.81%
Q3: 40.70%
Median: 25.91%
Q1: 11.01%
Min: 1.95%

In the Specialized REITs industry, Net Profit Margin is often not the primary profitability metric.

DLR vs. IRM: A comparison of their Net Profit Margin (TTM) against the Specialized REITs industry benchmark.

Operating Profit Margin (TTM)

DLR

12.40%

Specialized REITs Industry

Max: 107.13%
Q3: 55.10%
Median: 41.03%
Q1: 17.97%
Min: 5.94%

In the Specialized REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

IRM

16.17%

Specialized REITs Industry

Max: 107.13%
Q3: 55.10%
Median: 41.03%
Q1: 17.97%
Min: 5.94%

In the Specialized REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

DLR vs. IRM: A comparison of their Operating Profit Margin (TTM) against the Specialized REITs industry benchmark.

Profitability at a Glance

Symbol	DLR	IRM
Return on Equity (TTM)	6.37%	85.19%
Return on Assets (TTM)	3.00%	0.22%
Net Profit Margin (TTM)	23.98%	0.64%
Operating Profit Margin (TTM)	12.40%	16.17%
Gross Profit Margin (TTM)	57.91%	66.77%

Financial Strength

Current Ratio (MRQ)

DLR

1.35

Specialized REITs Industry

Max: 1.74
Q3: 1.13
Median: 0.59
Q1: 0.35
Min: 0.09

DLR’s Current Ratio of 1.35 is in the upper quartile for the Specialized REITs industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.

IRM

0.63

Specialized REITs Industry

Max: 1.74
Q3: 1.13
Median: 0.59
Q1: 0.35
Min: 0.09

IRM’s Current Ratio of 0.63 aligns with the median group of the Specialized REITs industry, indicating that its short-term liquidity is in line with its sector peers.

DLR vs. IRM: A comparison of their Current Ratio (MRQ) against the Specialized REITs industry benchmark.

Debt-to-Equity Ratio (MRQ)

DLR

0.81

Specialized REITs Industry

Max: 4.54
Q3: 3.26
Median: 1.09
Q1: 0.58
Min: 0.16

DLR’s Debt-to-Equity Ratio of 0.81 is typical for the Specialized REITs industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

IRM

685.59

Specialized REITs Industry

Max: 4.54
Q3: 3.26
Median: 1.09
Q1: 0.58
Min: 0.16

With a Debt-to-Equity Ratio of 685.59, IRM operates with exceptionally high leverage compared to the Specialized REITs industry norm. This suggests an aggressive reliance on debt financing, which can magnify returns but also significantly elevates financial risk.

DLR vs. IRM: A comparison of their Debt-to-Equity Ratio (MRQ) against the Specialized REITs industry benchmark.

Interest Coverage Ratio (TTM)

DLR

2.12

Specialized REITs Industry

Max: 5.24
Q3: 4.05
Median: 2.99
Q1: 2.10
Min: 1.28

DLR’s Interest Coverage Ratio of 2.12 is positioned comfortably within the norm for the Specialized REITs industry, indicating a standard and healthy capacity to cover its interest payments.

IRM

1.36

Specialized REITs Industry

Max: 5.24
Q3: 4.05
Median: 2.99
Q1: 2.10
Min: 1.28

In the lower quartile for the Specialized REITs industry, IRM’s Interest Coverage Ratio of 1.36 indicates a tighter cushion for servicing debt, suggesting less financial flexibility than many of its competitors.

DLR vs. IRM: A comparison of their Interest Coverage Ratio (TTM) against the Specialized REITs industry benchmark.

Financial Strength at a Glance

Symbol	DLR	IRM
Current Ratio (MRQ)	1.35	0.63
Quick Ratio (MRQ)	1.35	0.54
Debt-to-Equity Ratio (MRQ)	0.81	685.59
Interest Coverage Ratio (TTM)	2.12	1.36

Growth

Revenue Growth

DLR vs. IRM: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

DLR vs. IRM: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

DLR

2.96%

Specialized REITs Industry

Max: 7.06%
Q3: 5.09%
Median: 4.51%
Q1: 3.18%
Min: 1.78%

DLR’s Dividend Yield of 2.96% is in the lower quartile for the Specialized REITs industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

IRM

3.15%

Specialized REITs Industry

Max: 7.06%
Q3: 5.09%
Median: 4.51%
Q1: 3.18%
Min: 1.78%

IRM’s Dividend Yield of 3.15% is in the lower quartile for the Specialized REITs industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

DLR vs. IRM: A comparison of their Dividend Yield (TTM) against the Specialized REITs industry benchmark.

Dividend Payout Ratio (TTM)

DLR

123.72%

Specialized REITs Industry

Max: 295.93%
Q3: 182.11%
Median: 119.31%
Q1: 65.42%
Min: 43.86%

DLR’s Dividend Payout Ratio of 123.72% is within the typical range for the Specialized REITs industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

IRM

400.99%

Specialized REITs Industry

Max: 295.93%
Q3: 182.11%
Median: 119.31%
Q1: 65.42%
Min: 43.86%

At 400.99%, IRM’s Dividend Payout Ratio is exceptionally high, exceeding the typical range for the Specialized REITs industry. While this provides a significant return to shareholders, it may limit funds for reinvestment and could be difficult to sustain.

DLR vs. IRM: A comparison of their Dividend Payout Ratio (TTM) against the Specialized REITs industry benchmark.

Dividend at a Glance

Symbol	DLR	IRM
Dividend Yield (TTM)	2.96%	3.15%
Dividend Payout Ratio (TTM)	123.72%	400.99%

Valuation

Price-to-Earnings Ratio (TTM)

DLR

41.75

Specialized REITs Industry

Max: 85.59
Q3: 64.69
Median: 29.09
Q1: 18.22
Min: 8.79

The P/E Ratio is often not the primary metric for valuation in the Specialized REITs industry.

IRM

658.31

Specialized REITs Industry

Max: 85.59
Q3: 64.69
Median: 29.09
Q1: 18.22
Min: 8.79

The P/E Ratio is often not the primary metric for valuation in the Specialized REITs industry.

DLR vs. IRM: A comparison of their Price-to-Earnings Ratio (TTM) against the Specialized REITs industry benchmark.

Price-to-Sales Ratio (TTM)

DLR

10.01

Specialized REITs Industry

Max: 14.35
Q3: 9.60
Median: 8.74
Q1: 5.61
Min: 1.63

DLR’s P/S Ratio of 10.01 is in the upper echelon for the Specialized REITs industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

IRM

4.22

Specialized REITs Industry

Max: 14.35
Q3: 9.60
Median: 8.74
Q1: 5.61
Min: 1.63

In the lower quartile for the Specialized REITs industry, IRM’s P/S Ratio of 4.22 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

DLR vs. IRM: A comparison of their Price-to-Sales Ratio (TTM) against the Specialized REITs industry benchmark.

Price-to-Book Ratio (MRQ)

DLR

2.56

Specialized REITs Industry

Max: 11.33
Q3: 5.68
Median: 2.69
Q1: 1.81
Min: 0.71

DLR’s P/B Ratio of 2.56 is within the conventional range for the Specialized REITs industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

IRM

1,254.25

Specialized REITs Industry

Max: 11.33
Q3: 5.68
Median: 2.69
Q1: 1.81
Min: 0.71

At 1,254.25, IRM’s P/B Ratio is at an extreme premium to the Specialized REITs industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

DLR vs. IRM: A comparison of their Price-to-Book Ratio (MRQ) against the Specialized REITs industry benchmark.

Valuation at a Glance

Symbol	DLR	IRM
Price-to-Earnings Ratio (TTM)	41.75	658.31
Price-to-Sales Ratio (TTM)	10.01	4.22
Price-to-Book Ratio (MRQ)	2.56	1,254.25
Price-to-Free Cash Flow Ratio (TTM)	1,694.69	387.86