WallStSmart

Iron Mountain Incorporated (IRM)vsNetstreit Corp (NTST)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Iron Mountain Incorporated generates 3414% more annual revenue ($7.25B vs $206.16M). NTST leads profitability with a 5.3% profit margin vs 3.8%. IRM trades at a lower P/E of 138.3x. IRM earns a higher WallStSmart Score of 64/100 (C+).

IRM

Buy

64

out of 100

Grade: C+

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

NTST

Buy

57

out of 100

Grade: C

Growth: 9.3Profit: 5.5Value: 5.7Quality: 4.0
Piotroski: 5/9Altman Z: 0.87
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

IRMSignificantly Overvalued (-41.5%)

Margin of Safety

-41.5%

Fair Value

$70.83

Current Price

$124.66

$53.83 premium

UndervaluedFair: $70.83Overvalued
NTSTUndervalued (+49.9%)

Margin of Safety

+49.9%

Fair Value

$38.45

Current Price

$19.99

$18.46 discount

UndervaluedFair: $38.45Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

NTST4 strengths · Avg: 9.5/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
37.7%10/10

Strong operational efficiency at 37.7%

EPS GrowthGrowth
177.0%10/10

Earnings expanding 177.0% YoY

Revenue GrowthGrowth
24.3%8/10

Revenue surging 24.3% year-over-year

Areas to Watch

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

NTST4 concerns · Avg: 2.8/10
Market CapQuality
$1.98B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.7%3/10

ROE of 0.7% — below average capital efficiency

Profit MarginProfitability
5.3%3/10

5.3% margin — thin

P/E RatioValuation
168.8x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

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.

Bull Case : NTST

The strongest argument for NTST centers on Price/Book, Operating Margin, EPS Growth. Revenue growth of 24.3% demonstrates continued momentum.

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.

Bear Case : NTST

The primary concerns for NTST are Market Cap, Return on Equity, Profit Margin. A P/E of 168.8x leaves little room for execution misses.

Key Dynamics to Monitor

IRM carries more volatility with a beta of 1.22 — expect wider price swings.

NTST is growing revenue faster at 24.3% — sustainability is the question.

IRM generates stronger free cash flow (-179M), providing more financial flexibility.

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

Bottom Line

IRM scores higher overall (64/100 vs 57/100) and 21.6% revenue growth. NTST offers better value entry with a 49.9% 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.

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.

Netstreit Corp

REAL ESTATE · REIT - RETAIL · USA

NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single tenant net lease retail properties nationwide.

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