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Equity REITs, distinct from mortgage REITs, generate income from rental leases and capital appreciation, offering high yields and tax advantages by distributing 90% of taxable income. My portfolio, Rose's Income Garden (RIG), includes six of the ten highlighted REITs, chosen for their credit ratings, yields, and growth potential. Interest rates significantly impact REIT prices; current high valuations may not last, but lower rates could enhance future pricing and investment opportunities.

IRM's steady revenues in the storage and records management business and focus on the data center business augur well. High interest rates are a concern.

Iron Mountain (NYSE: IRM) stock price has gone parabolic this year, making it one of the top-performing companies in the S&P 500 index. It has risen in the last five consecutive months and is sitting at its highest point on record.

Iron Mountain Incorporated (NYSE:IRM ) Goldman Sachs Communacopia + Technology Conference September 10, 2024 11:50 AM ET Company Participants Barry Hytinen - CFO Conference Call Participants George Tong - Goldman Sachs Santiago Suinaga - Infrastructure Masons George Tong Let's go ahead and get started. Good morning, everyone, and welcome.

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, announced today that it will participate in a fireside chat at the Goldman Sachs Communacopia and Technology Conference in San Francisco, CA. Date: September 10, 2024 Time: 8:50 am PT (11:50 am ET) Presenter: Barry A. Hytinen, Executive Vice President and Chief Financial Officer The presentation is being webcast and it will be accessible on the Investor Relations sectio.

Iron Mountain Incorporated is a REIT specializing in data storage with good growth prospects, but is overvalued at 32x FFO. The trust has a strong customer base, recurring revenue, and a growth strategy focused on data centers and digital solutions. Despite positive financial performance and balance sheet strength, the high valuation and limited upside potential make Iron Mountain less appealing for long-term investors.

In July 2024, we received $1,683.75 in dividend income. We have been buying at least 4 shares of SCHD every single week. I accepted a long time ago that Leggett & Platt's dividend cut was terrible.

To manage physical and digital information, Iron Mountain (IRM) uses MongoDB Atlas as the data platform for its InSight DXP.

Iron Mountain's (IRM) strong cash flows in the storage and records management business and a focus on the data center business are upsides, though competition and high interest rates are concerns.