Iron Mountain: Why I Am Maintaining My Buy Rating

Iron Mountain's AFFO payout ratio was a reasonable 74.8% through the first half of this fiscal year.

Despite a challenging first half of the year, Iron Mountain produced 4.5% YoY growth in total adjusted EBITDA and 19.3% YoY growth in AFFO with minimal share dilution.

Adding to the case for an investment in Iron Mountain is the fact that shares of the stock are trading at an 8% discount to my estimated fair value.

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