WallStSmart

Industrial Logistics Properties Trust (ILPT)vsIron Mountain Incorporated (IRM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Iron Mountain Incorporated generates 1498% more annual revenue ($7.25B vs $453.36M). IRM leads profitability with a 3.8% profit margin vs -11.9%. IRM earns a higher WallStSmart Score of 64/100 (C+).

ILPT

Buy

52

out of 100

Grade: C-

Growth: 6.0Profit: 4.5Value: 6.7Quality: 5.0
Piotroski: 4/9Altman Z: -0.08

IRM

Buy

64

out of 100

Grade: C+

Growth: 8.7Profit: 7.0Value: 2.0Quality: 6.5
Piotroski: 2/9Altman Z: 0.10
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ILPTUndervalued (+68.2%)

Margin of Safety

+68.2%

Fair Value

$17.16

Current Price

$8.69

$8.47 discount

UndervaluedFair: $17.16Overvalued
IRMSignificantly Overvalued (-41.5%)

Margin of Safety

-41.5%

Fair Value

$70.83

Current Price

$124.66

$53.83 premium

UndervaluedFair: $70.83Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ILPT3 strengths · Avg: 10.0/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Operating MarginProfitability
34.4%10/10

Strong operational efficiency at 34.4%

EPS GrowthGrowth
56.5%10/10

Earnings expanding 56.5% YoY

IRM5 strengths · Avg: 9.2/10
Return on EquityProfitability
225.1%10/10

Every $100 of equity generates 225 in profit

EPS GrowthGrowth
860.0%10/10

Earnings expanding 860.0% YoY

Debt/EquityHealth
-16.2310/10

Conservative balance sheet, low leverage

Operating MarginProfitability
21.0%8/10

Strong operational efficiency at 21.0%

Revenue GrowthGrowth
21.6%8/10

Revenue surging 21.6% year-over-year

Areas to Watch

ILPT4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
4.0%4/10

4.0% revenue growth

Market CapQuality
$573.99M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-11.3%2/10

ROE of -11.3% — below average capital efficiency

Altman Z-ScoreHealth
-0.082/10

Distress zone — elevated risk

IRM4 concerns · Avg: 2.5/10
Profit MarginProfitability
3.8%3/10

3.8% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
2.702/10

Expensive relative to growth rate

P/E RatioValuation
138.3x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : ILPT

The strongest argument for ILPT centers on Price/Book, Operating Margin, EPS Growth.

Bull Case : IRM

The strongest argument for IRM centers on Return on Equity, EPS Growth, Debt/Equity. Revenue growth of 21.6% demonstrates continued momentum.

Bear Case : ILPT

The primary concerns for ILPT are Revenue Growth, Market Cap, Return on Equity. Debt-to-equity of 8.76 is elevated, increasing financial risk.

Bear Case : IRM

The primary concerns for IRM are Profit Margin, Piotroski F-Score, PEG Ratio. A P/E of 138.3x leaves little room for execution misses. Thin 3.8% margins leave little buffer for downturns.

Key Dynamics to Monitor

ILPT profiles as a turnaround stock while IRM is a growth play — different risk/reward profiles.

ILPT carries more volatility with a beta of 2.51 — expect wider price swings.

IRM is growing revenue faster at 21.6% — sustainability is the question.

ILPT generates stronger free cash flow (16M), providing more financial flexibility.

Bottom Line

IRM scores higher overall (64/100 vs 52/100) and 21.6% revenue growth. ILPT offers better value entry with a 68.2% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Industrial Logistics Properties Trust

REAL ESTATE · REIT - INDUSTRIAL · USA

ILPT is a real estate investment trust, or REIT, that owns and rents industrial and logistics properties throughout the United States. The company is headquartered in Newton, MA.

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.

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