Service — Storage rental revenue
Iron Mountain Service — Storage rental revenue increased by 7.6% to $841.38M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 30.6%, from $644.15M to $841.38M. Over 4 years (FY 2021 to FY 2025), Service — Storage rental revenue shows an upward trend with a 15.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates successful expansion of the storage footprint or higher contract renewals, while a decrease may signal client churn or a shift toward digital-only workflows.
Detailed definition
This metric represents the recurring revenue generated from leasing physical or digital storage space to enterprise clie...
Peer comparison
Peers in the records management and data center REIT sectors typically report this as 'recurring storage revenue' or 'base rent', which serves as a primary indicator of portfolio utilization and pricing power.
irm_segment_service_storage_rental_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $405.35M | $405.35M | $405.35M | $496.98M | $536.41M | $526.58M | $509.59M | $504.26M | $527.18M | $529.52M | $548.69M | $592.02M | $614.66M | $621.66M | $639.31M | $644.15M | $701.96M | $721.20M | $781.92M | $841.38M |
| QoQ Change | — | +0.0% | +0.0% | +22.6% | +7.9% | -1.8% | -3.2% | -1.0% | +4.5% | +0.4% | +3.6% | +7.9% | +3.8% | +1.1% | +2.8% | +0.8% | +9.0% | +2.7% | +8.4% | +7.6% |
| YoY Change | — | — | — | — | +32.3% | +29.9% | +25.7% | +1.5% | -1.7% | +0.6% | +7.7% | +17.4% | +16.6% | +17.4% | +16.5% | +8.8% | +14.2% | +16.0% | +22.3% | +30.6% |
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Frequently Asked Questions
- What is Iron Mountain's service — storage rental revenue?
- Iron Mountain (IRM) reported service — storage rental revenue of $841.38M in Q1 2026.
- How has Iron Mountain's service — storage rental revenue changed year-over-year?
- Iron Mountain's service — storage rental revenue increased by 30.6% year-over-year, from $644.15M to $841.38M.
- What is the long-term trend for Iron Mountain's service — storage rental revenue?
- Over 4 years (2021 to 2025), Iron Mountain's service — storage rental revenue has grown at a 15.1% compound annual growth rate (CAGR), from $1.62B to $2.85B.
- What does service — storage rental revenue mean?
- The recurring income earned from renting out storage space for records and data management services.