S&P 500Real Estate· USA

IRM

Status-Quo-Player

Iron Mountain

$111.88

+2.29%

Open $109.30·Prev $109.38

as of 13 Apr

STATUS-QUO-PLAYER

Power Core

Iron Mountain's moat is the compounding physical switching cost embedded in billions of stored records that customers are legally obligated to retain but economically deterred from moving.

Published1 Apr 2026

UniverseS&P 500

SectorReal Estate

↑

Direction of Movement

Upward Trajectory With Leverage as the Binding Constraint

ROC 200

+1.2%

Financials