This Dividend Stock Has Market-Beating Potential
It's not often that you hear a dividend stock has market-beating potential. Such stocks are known for slow growth and reliable income over big gains. But this real estate investment trust (REIT) has all of the signs for market-beating potential. Here's why.
Iron Mountain (NYSE: IRM) is a specialty REIT that owns or leases industrial space for the physical or digital storage of data and goods. It helps roughly 225,000 clients across the world store, organize, and manage physical and digital assets like documents, collectibles, or artifacts.
This might not seem like a smart business model in today's tech-heavy world, but a huge number of companies and industries are still mandated to keep physical documents and other files in storage. Lawyers, government offices, doctors, and banks rely on services like this to safely store and organize things like medical records, historical records, or loan documents. And that demand likely isn't changing.
Source Fool.com
