Iron Mountain Incorporated (IRM)vsNet Lease Office Properties (NLOP)
IRM
Iron Mountain Incorporated
$125.99
+10.02%
REAL ESTATE · Cap: $34.07B
NLOP
Net Lease Office Properties
$13.06
+1.01%
REAL ESTATE · Cap: $195.69M
Smart Verdict
WallStSmart Research — data-driven comparison
Iron Mountain Incorporated generates 6416% more annual revenue ($6.90B vs $105.92M). IRM leads profitability with a 2.1% profit margin vs -137.1%. IRM earns a higher WallStSmart Score of 52/100 (C-).
IRM
Buy52
out of 100
Grade: C-
NLOP
Hold42
out of 100
Grade: D
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-10.8%
Fair Value
$90.41
Current Price
$125.99
$35.58 premium
Margin of Safety
+60.2%
Fair Value
$48.97
Current Price
$13.06
$35.91 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Every $100 of equity generates 225 in profit
Strong operational efficiency at 22.0%
16.6% revenue growth
Reasonable price relative to book value
Earnings expanding 223.1% YoY
Conservative balance sheet, low leverage
Areas to Watch
2.1% margin — thin
Weak financial health signals
Expensive relative to growth rate
Premium valuation, high expectations priced in
Smaller company, higher risk/reward
Operating margin of 4.3%
Weak financial health signals
ROE of -32.9% — below average capital efficiency
Comparative Analysis Report
WallStSmart ResearchBull Case : IRM
The strongest argument for IRM centers on Return on Equity, Operating Margin, Revenue Growth. Revenue growth of 16.6% demonstrates continued momentum.
Bull Case : NLOP
The strongest argument for NLOP centers on Price/Book, EPS Growth, Debt/Equity.
Bear Case : IRM
The primary concerns for IRM are Profit Margin, Piotroski F-Score, PEG Ratio. A P/E of 229.0x leaves little room for execution misses. Thin 2.1% margins leave little buffer for downturns.
Bear Case : NLOP
The primary concerns for NLOP are Market Cap, Operating Margin, Piotroski F-Score.
Key Dynamics to Monitor
IRM profiles as a growth stock while NLOP is a turnaround play — different risk/reward profiles.
IRM carries more volatility with a beta of 1.15 — expect wider price swings.
IRM is growing revenue faster at 16.6% — sustainability is the question.
NLOP generates stronger free cash flow (21M), providing more financial flexibility.
Bottom Line
IRM scores higher overall (52/100 vs 42/100) and 16.6% revenue growth. NLOP offers better value entry with a 60.2% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Iron Mountain Incorporated
REAL ESTATE · REIT - SPECIALTY · USA
Iron Mountain Inc. (NYSE: IRM) is an American enterprise information management services company founded in 1951 and headquartered in Boston, Massachusetts.
Net Lease Office Properties
REAL ESTATE · REIT - OFFICE · USA
Net Lease Office Properties (NLOP) is a premier real estate investment trust (REIT) specializing in the acquisition and management of high-quality net leased office properties throughout the United States. The company's robust portfolio features long-term leases with financially stable tenants, enabling reliable cash flows and risk mitigation. By focusing on key metropolitan areas with strong demand trends, NLOP is well-positioned for growth and value creation. Its disciplined capital management and proactive acquisition strategy further enhance its appeal as an attractive investment option for institutional investors seeking exposure to the commercial real estate sector.
Compare with Other REIT - SPECIALTY Stocks
Want to dig deeper into these stocks?