IRM vs. SBAC: Iron Mountain vs. SBA Communications Stock Comparison

Company Profile

Iron Mountain (IRM) and SBA Communications (SBAC) both belong to the Specialized REITs industry, though IRM is classified under Other Specialized REITs while SBAC falls under Telecom Tower REITs.

Both Iron Mountain (IRM) and SBA Communications (SBAC) 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

Neither Iron Mountain (IRM) nor SBA Communications (SBAC) reports a ROE value for this period, so a direct comparison isn’t possible.

Neither Iron Mountain (IRM) in Equity Real Estate Investment Trusts (REITs) nor SBA Communications (SBAC) 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 SBA Communications (SBAC) 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 SBA Communications (SBAC) at 5.06% 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 SBA Communications (SBAC) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Both Iron Mountain (IRM) at 0.56 and SBA Communications (SBAC) at 0.19 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

Neither Iron Mountain (IRM) nor SBA Communications (SBAC) reports a debt-to-equity ratio value for this period, so a direct comparison isn’t possible.

Financial Strength Metrics

Dividends

Iron Mountain (IRM) at 3.28% pays a yield in its industry’s typical range, while SBA Communications (SBAC) at 2.52% falls in the bottom quartile of its peers.

An earnings-based payout ratio fits neither Iron Mountain (IRM) in Equity Real Estate Investment Trusts (REITs) nor SBA Communications (SBAC) 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 SBA Communications (SBAC) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

On P/S ratio, both Iron Mountain (IRM) at 4.07 and SBA Communications (SBAC) at 6.94 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

Both Iron Mountain (IRM) at -22.85 and SBA Communications (SBAC) at -4.09 report negative P/B ratio values, meaning both companies have negative book equity — neither multiple is meaningful for valuation.

Valuation Metrics