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

Updated on October 12, 2025

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

Company Profile

A key difference in structure is that HASI is a conventional stock, whereas IRM is a Real Estate Investment Trust (REIT), a company that primarily invests in income-generating real estate.

Symbol	HASI	IRM
Company Name	HA Sustainable Infrastructure Capital, Inc.	Iron Mountain Incorporated
Country	United States	United States
GICS Sector	Financials	Real Estate
GICS Industry	Mortgage Real Estate Investment Trusts (REITs)	Specialized REITs
Market Capitalization	3.82 billion USD	31.13 billion USD
Exchange	NYSE	NYSE
Listing Date	April 18, 2013	February 1, 1996
Security Type	Common Stock	REIT

Historical Performance

This chart compares the performance of HASI 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.

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

Historical Performance at a Glance

Symbol	HASI	IRM
5-Day Price Return	-1.32%	2.02%
13-Week Price Return	13.64%	6.19%
26-Week Price Return	5.82%	26.82%
52-Week Price Return	-11.51%	-9.75%
Month-to-Date Return	0.13%	3.38%
Year-to-Date Return	14.57%	0.27%
10-Day Avg. Volume	1.32M	1.38M
3-Month Avg. Volume	1.28M	1.50M
3-Month Volatility	31.91%	27.90%
Beta	1.53	1.15

Profitability

Return on Equity (TTM)

HASI

8.66%

Mortgage Real Estate Investment Trusts (REITs) Industry

Max: 10.10%
Q3: 7.88%
Median: 5.73%
Q1: 4.74%
Min: 3.80%

In the upper quartile for the Mortgage Real Estate Investment Trusts (REITs) industry, HASI’s Return on Equity of 8.66% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

IRM

85.19%

Specialized REITs Industry

Max: 21.01%
Q3: 17.78%
Median: 8.42%
Q1: 6.83%
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.

HASI vs. IRM: A comparison of their Return on Equity (TTM) against their respective Mortgage Real Estate Investment Trusts (REITs) and Specialized REITs industry benchmarks.

Net Profit Margin (TTM)

HASI

56.17%

Mortgage Real Estate Investment Trusts (REITs) Industry

Max: 20.08%
Q3: 18.34%
Median: 16.36%
Q1: 12.08%
Min: 11.08%

HASI’s Net Profit Margin of 56.17% is exceptionally high, placing it well beyond the typical range for the Mortgage Real Estate Investment Trusts (REITs) industry. This demonstrates outstanding operational efficiency and a strong competitive advantage in converting revenue into profit.

IRM

0.64%

Specialized REITs Industry

Max: 70.20%
Q3: 38.00%
Median: 23.98%
Q1: 6.53%
Min: -1.41%

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

HASI vs. IRM: A comparison of their Net Profit Margin (TTM) against their respective Mortgage Real Estate Investment Trusts (REITs) and Specialized REITs industry benchmarks.

Operating Profit Margin (TTM)

HASI

78.12%

Mortgage Real Estate Investment Trusts (REITs) Industry

Max: 18.89%
Q3: 18.81%
Median: 13.59%
Q1: 7.26%
Min: -0.63%

HASI’s Operating Profit Margin of 78.12% is exceptionally high, placing it well above the typical range for the Mortgage Real Estate Investment Trusts (REITs) industry. This demonstrates outstanding efficiency in managing its core operations, which can be a result of strong pricing power or superior cost control.

IRM

16.17%

Specialized REITs Industry

Max: 107.13%
Q3: 54.03%
Median: 42.12%
Q1: 16.28%
Min: 5.86%

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

HASI vs. IRM: A comparison of their Operating Profit Margin (TTM) against their respective Mortgage Real Estate Investment Trusts (REITs) and Specialized REITs industry benchmarks.

Profitability at a Glance

Symbol	HASI	IRM
Return on Equity (TTM)	8.66%	85.19%
Return on Assets (TTM)	2.85%	0.22%
Net Profit Margin (TTM)	56.17%	0.64%
Operating Profit Margin (TTM)	78.12%	16.17%
Gross Profit Margin (TTM)	27.47%	66.77%

Financial Strength

Current Ratio (MRQ)

HASI

10.81

Mortgage Real Estate Investment Trusts (REITs) Industry

Max: 10.81
Q3: 6.99
Median: 0.42
Q1: 0.12
Min: 0.01

For the Mortgage Real Estate Investment Trusts (REITs) industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

IRM

0.63

Specialized REITs Industry

Max: 1.74
Q3: 1.08
Median: 0.58
Q1: 0.34
Min: 0.10

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.

HASI vs. IRM: A comparison of their Current Ratio (MRQ) against their respective Mortgage Real Estate Investment Trusts (REITs) and Specialized REITs industry benchmarks.

Debt-to-Equity Ratio (MRQ)

HASI

1.88

Mortgage Real Estate Investment Trusts (REITs) Industry

Max: 8.75
Q3: 5.86
Median: 3.93
Q1: 3.23
Min: 1.88

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Mortgage Real Estate Investment Trusts (REITs) industry.

IRM

685.59

Specialized REITs Industry

Max: 5.86
Q3: 3.80
Median: 1.22
Q1: 0.73
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.

HASI vs. IRM: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Mortgage Real Estate Investment Trusts (REITs) and Specialized REITs industry benchmarks.

Interest Coverage Ratio (TTM)

HASI

Mortgage Real Estate Investment Trusts (REITs) Industry

Max: --
Q3: --
Median: --
Q1: --
Min: --

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Mortgage Real Estate Investment Trusts (REITs) industry.

IRM

1.36

Specialized REITs Industry

Max: 5.24
Q3: 3.92
Median: 2.94
Q1: 2.07
Min: 1.14

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.

HASI vs. IRM: A comparison of their Interest Coverage Ratio (TTM) against their respective Mortgage Real Estate Investment Trusts (REITs) and Specialized REITs industry benchmarks.

Financial Strength at a Glance

Symbol	HASI	IRM
Current Ratio (MRQ)	10.81	0.63
Quick Ratio (MRQ)	10.81	0.54
Debt-to-Equity Ratio (MRQ)	1.88	685.59
Interest Coverage Ratio (TTM)	--	1.36

Growth

Revenue Growth

HASI 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

HASI 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)

HASI

5.29%

Mortgage Real Estate Investment Trusts (REITs) Industry

Max: 16.10%
Q3: 13.14%
Median: 10.97%
Q1: 9.39%
Min: 5.33%

HASI’s Dividend Yield of 5.29% is below the typical range for the Mortgage Real Estate Investment Trusts (REITs) industry. This indicates that shareholder returns are likely driven more by potential capital appreciation than by dividend income.

IRM

2.74%

Specialized REITs Industry

Max: 6.92%
Q3: 5.29%
Median: 4.71%
Q1: 3.25%
Min: 2.16%

IRM’s Dividend Yield of 2.74% 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.

HASI vs. IRM: A comparison of their Dividend Yield (TTM) against their respective Mortgage Real Estate Investment Trusts (REITs) and Specialized REITs industry benchmarks.

Dividend Payout Ratio (TTM)

HASI

67.75%

Mortgage Real Estate Investment Trusts (REITs) Industry

Max: 224.87%
Q3: 211.76%
Median: 173.38%
Q1: 125.80%
Min: 67.75%

HASI’s Dividend Payout Ratio of 67.75% is in the lower quartile for the Mortgage Real Estate Investment Trusts (REITs) industry. This suggests a conservative dividend policy, with a strategic focus on reinvesting profits for future growth.

IRM

400.99%

Specialized REITs Industry

Max: 338.69%
Q3: 202.75%
Median: 125.21%
Q1: 107.89%
Min: 16.73%

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.

HASI vs. IRM: A comparison of their Dividend Payout Ratio (TTM) against their respective Mortgage Real Estate Investment Trusts (REITs) and Specialized REITs industry benchmarks.

Dividend at a Glance

Symbol	HASI	IRM
Dividend Yield (TTM)	5.29%	2.74%
Dividend Payout Ratio (TTM)	67.75%	400.99%

Valuation

Price-to-Earnings Ratio (TTM)

HASI

18.53

Mortgage Real Estate Investment Trusts (REITs) Industry

Max: 26.90
Q3: 19.48
Median: 18.36
Q1: 12.64
Min: 7.82

The P/E Ratio is often not the primary metric for valuation in the Mortgage Real Estate Investment Trusts (REITs) industry.

IRM

756.46

Specialized REITs Industry

Max: 119.95
Q3: 64.19
Median: 27.78
Q1: 23.88
Min: 5.25

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

HASI vs. IRM: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Mortgage Real Estate Investment Trusts (REITs) and Specialized REITs industry benchmarks.

Price-to-Sales Ratio (TTM)

HASI

10.41

Mortgage Real Estate Investment Trusts (REITs) Industry

Max: 3.98
Q3: 3.48
Median: 2.39
Q1: 1.89
Min: 1.28

With a P/S Ratio of 10.41, HASI trades at a valuation that eclipses even the highest in the Mortgage Real Estate Investment Trusts (REITs) industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

IRM

4.85

Specialized REITs Industry

Max: 10.35
Q3: 8.84
Median: 8.28
Q1: 5.39
Min: 1.68

In the lower quartile for the Specialized REITs industry, IRM’s P/S Ratio of 4.85 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.

HASI vs. IRM: A comparison of their Price-to-Sales Ratio (TTM) against their respective Mortgage Real Estate Investment Trusts (REITs) and Specialized REITs industry benchmarks.

Price-to-Book Ratio (MRQ)

HASI

1.30

Mortgage Real Estate Investment Trusts (REITs) Industry

Max: 1.06
Q3: 0.99
Median: 0.91
Q1: 0.80
Min: 0.69

At 1.30, HASI’s P/B Ratio is at an extreme premium to the Mortgage Real Estate Investment Trusts (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.

IRM

1,254.25

Specialized REITs Industry

Max: 13.73
Q3: 7.48
Median: 2.56
Q1: 1.70
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.

HASI vs. IRM: A comparison of their Price-to-Book Ratio (MRQ) against their respective Mortgage Real Estate Investment Trusts (REITs) and Specialized REITs industry benchmarks.

Valuation at a Glance

Symbol	HASI	IRM
Price-to-Earnings Ratio (TTM)	18.53	756.46
Price-to-Sales Ratio (TTM)	10.41	4.85
Price-to-Book Ratio (MRQ)	1.30	1,254.25
Price-to-Free Cash Flow Ratio (TTM)	37.52	445.70