IRM vs. O: Iron Mountain vs. Realty Income Stock Comparison

Company Profile

Iron Mountain (IRM) and Realty Income (O) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but IRM is classified in Specialized REITs while O is classified in Retail REITs.

Both Iron Mountain (IRM) and Realty Income (O) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: Realty Income (O) earns 3.48% on shareholders’ equity, ranked against its industry; Iron Mountain (IRM) has no ROE this period.

Neither Iron Mountain (IRM) in Equity Real Estate Investment Trusts (REITs) nor Realty Income (O) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for Iron Mountain (IRM) in Equity Real Estate Investment Trusts (REITs) and Realty Income (O) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Iron Mountain (IRM) at 12.23% sits in the top revenue growth quartile, while Realty Income (O) at 9.07% is closer to the peer norm — faster top-line expansion for IRM.

EPS growth isn't a meaningful figure for either Iron Mountain (IRM) in Equity Real Estate Investment Trusts (REITs) or Realty Income (O) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Realty Income (O) at 2.17 carries current ratio above its industry’s typical mid-range, while Iron Mountain (IRM) at 0.56 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

Only one side’s leverage can be read here: Realty Income (O) carries debt-to-equity ratio of 0.75 against its industry range, while Iron Mountain (IRM) reports no figure this period.

Financial Strength Metrics

Dividends

Both Iron Mountain (IRM) at 3.28% and Realty Income (O) at 5.45% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

An earnings-based payout ratio fits neither Iron Mountain (IRM) in Equity Real Estate Investment Trusts (REITs) nor Realty Income (O) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either Iron Mountain (IRM) in Equity Real Estate Investment Trusts (REITs) or Realty Income (O) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

Iron Mountain (IRM) at 4.07 is priced about in line with its industry on P/S ratio, while Realty Income (O) at 9.06 sits in the pricier quartile — O costs more per dollar of sales.

Iron Mountain (IRM) reports a negative P/B ratio of -22.85, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Realty Income (O) reports 1.42, ranking against industry peers normally.

Valuation Metrics