Is Iron Mountain Stock a Buy?
Iron Mountain (NYSE: IRM) is something of an anomaly among real estate investment trusts (REITs). There is, quite literally, no other REIT exactly like it, for reasons I'll explain shortly. Now add in 10 years' worth of annual dividend increases and a roughly 8% dividend yield, and income investors should be intrigued. Here's a primer on what you need to know before you decide to pull the trigger on this high-yield REIT.
Iron Mountain's core business is providing storage for paperwork. OK, that might not be exactly what you were expecting when I said it was unique. However, this is a pretty sizable business, and Iron Mountain is a giant in the space. It hardly has a monopoly, but it certainly has a scale that few, if any, can match.
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Source Fool.com
