What is Iron Mountain's north america — encumbrances?

Iron Mountain (IRM) reported north america — encumbrances of $0 in Q4 2025.

What does north america — encumbrances mean?

The total value of debt or legal claims secured against the real estate assets within the North American segment. This represents the portion of the asset base that is pledged as collateral for financing arrangements.

Iron Mountain IRM North America — Encumbrances

Other geography segments

Asia Pacific

$0—

Europe

$0—

Latin America RIM

$0—

Similar metrics at other companies

ARE

ARENorth America — Encumbrances

$0-100%

DLRNorth America — Real Estate And Accumulated Depreciation Amount Of Encumbrances

$135M0.0%

EQIXAmericas — Encumbrances

$18M—

OFinancial Services — Encumbrances

$0—

INVHNorthern California — Encumbrances

$119.29M+0.8%

INVHChicago — Encumbrances

$0—

Other financials

Income statement

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Revenue$1.9B+21.6%

Gross profit$1.0B+18.6%

Operating income$395.2M+55.4%

Net income$149.0M+818%

EPS (diluted)$0.48+860%

Balance sheet

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Cash & equivalents$250.7M+61.4%

Total debt$20.2B+13.6%

Total equity-$1.2B-73.9%

Total assets$21.5B+11.0%

Cash flow

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Operating cash flow$338.6M+71.6%

CapEx$518.0M-23.2%

Free cash flow-$179.5M+62.4%

Valuation

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Market cap$37.58B+17.1%

Enterprise value$57.51B+13.9%

P/E131.9×-583×

P/S5.2×+0.2×

Profitability

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Gross margin55%-1.0pp

Operating margin18%+1.8pp

Net margin3.9%+2.0pp

FCF margin-8.7%-2.2pp

Returns & leverage

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Return on equity70.5%-19.4pp

Debt / equity855.6×+830×

Current ratio0.8×+0.2×

Where this comes from

Reported directly by Iron Mountain in its filing.

Tagged under the XBRL concept srt:RealEstateAndAccumulatedDepreciationAmountOfEncumbrances.

The official record: Iron Mountain’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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What is Iron Mountain's north america — encumbrances?: Iron Mountain (IRM) reported north america — encumbrances of $0 in Q4 2025.
What does north america — encumbrances mean?: The total value of debt or legal claims secured against the real estate assets within the North American segment. This represents the portion of the asset base that is pledged as collateral for financing arrangements.