WallStSmart

Iron Mountain Incorporated (IRM)vsNew England Realty Associates LP (NEN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Iron Mountain Incorporated generates 7512% more annual revenue ($6.90B vs $90.67M). NEN leads profitability with a 6.7% profit margin vs 2.1%. NEN trades at a lower P/E of 34.5x. IRM earns a higher WallStSmart Score of 52/100 (C-).

IRM

Buy

52

out of 100

Grade: C-

Growth: 6.0Profit: 7.0Value: 2.7Quality: 3.3
Piotroski: 2/9Altman Z: 0.12

NEN

Avoid

33

out of 100

Grade: F

Growth: 6.0Profit: 5.5Value: 6.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

IRMOvervalued (-10.8%)

Margin of Safety

-10.8%

Fair Value

$90.41

Current Price

$125.99

$35.58 premium

UndervaluedFair: $90.41Overvalued
NENUndervalued (+70.5%)

Margin of Safety

+70.5%

Fair Value

$220.43

Current Price

$61.99

$158.44 discount

UndervaluedFair: $220.43Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IRM3 strengths · Avg: 8.7/10
Return on EquityProfitability
225.1%10/10

Every $100 of equity generates 225 in profit

Operating MarginProfitability
22.0%8/10

Strong operational efficiency at 22.0%

Revenue GrowthGrowth
16.6%8/10

16.6% revenue growth

NEN1 strengths · Avg: 8.0/10
Revenue GrowthGrowth
15.9%8/10

15.9% revenue growth

Areas to Watch

IRM4 concerns · Avg: 2.5/10
Profit MarginProfitability
2.1%3/10

2.1% 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
229.0x2/10

Premium valuation, high expectations priced in

NEN4 concerns · Avg: 3.5/10
P/E RatioValuation
34.5x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
2.4%4/10

2.4% earnings growth

Market CapQuality
$205.73M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull 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 : NEN

The strongest argument for NEN centers on Revenue Growth. Revenue growth of 15.9% demonstrates continued momentum.

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 : NEN

The primary concerns for NEN are P/E Ratio, EPS Growth, Market Cap.

Key Dynamics to Monitor

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.

NEN generates stronger free cash flow (7M), providing more financial flexibility.

Monitor REIT - SPECIALTY industry trends, competitive dynamics, and regulatory changes.

Bottom Line

IRM scores higher overall (52/100 vs 33/100) and 16.6% revenue growth. NEN offers better value entry with a 70.5% margin of safety. Both earn "Buy" and "Avoid" 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.

New England Realty Associates LP

REAL ESTATE · REAL ESTATE SERVICES · USA

New England Realty Associates Limited Partnership is dedicated to acquiring, developing, holding for investment, operating and selling real estate in the United States. The company is headquartered in Allston, Massachusetts.

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