A 'Mission-Critical' Storage REIT That Yields 6.3%

Iron Mountain's global platforms provide foundation for continuous improvement in future years.

Summary

  • "A moat worthy brand manifests itself as pricing power or repeat business that translates into sustainable economic profits.” - Heather Brilliant and Elizabeth Collins.
  • Iron Mountain's global platforms provide foundation for continuous improvement in future years, that in turn delivers improvements in cash flow and sustainable dividend growth.
  • We are maintaining a Buy on Iron Mountain as we have identified the following competitive advantages – switching costs and efficient scale – to be relevant to thesis.
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