Critical Survey: Iron Mountain (NYSE:IRM) vs. Millrose Properties (NYSE:MRP)

Iron Mountain (NYSE:IRM – Get Free Report) and Millrose Properties (NYSE:MRP – Get Free Report) are both real estate companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, valuation, analyst recommendations, risk, dividends, profitability and institutional ownership.

Risk & Volatility

Iron Mountain has a beta of 1.18, suggesting that its stock price is 18% more volatile than the S&P 500. Comparatively, Millrose Properties has a beta of 0.41, suggesting that its stock price is 59% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of current recommendations for Iron Mountain and Millrose Properties, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Iron Mountain 0 2 5 0 2.71
Millrose Properties 0 0 3 1 3.25

Iron Mountain currently has a consensus price target of $139.83, indicating a potential upside of 25.51%. Millrose Properties has a consensus price target of $37.67, indicating a potential upside of 38.44%. Given Millrose Properties’ stronger consensus rating and higher possible upside, analysts plainly believe Millrose Properties is more favorable than Iron Mountain.

Dividends

Iron Mountain pays an annual dividend of $3.46 per share and has a dividend yield of 3.1%. Millrose Properties pays an annual dividend of $3.08 per share and has a dividend yield of 11.3%. Iron Mountain pays out 247.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Millrose Properties pays out 107.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Iron Mountain has raised its dividend for 3 consecutive years. Millrose Properties is clearly the better dividend stock, given its higher yield and lower payout ratio.

Valuation and Earnings

This table compares Iron Mountain and Millrose Properties”s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Iron Mountain $6.90 billion 4.81 $144.59 million $1.40 79.58
Millrose Properties $600.46 million 6.99 $379.86 million $2.87 9.48

Millrose Properties has lower revenue, but higher earnings than Iron Mountain. Millrose Properties is trading at a lower price-to-earnings ratio than Iron Mountain, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Iron Mountain and Millrose Properties’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Iron Mountain 5.54% -85.44% 3.30%
Millrose Properties 62.60% 8.13% 5.07%

Insider & Institutional Ownership

80.1% of Iron Mountain shares are owned by institutional investors. 1.7% of Iron Mountain shares are owned by company insiders. Comparatively, 0.2% of Millrose Properties shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Summary

Millrose Properties beats Iron Mountain on 11 of the 18 factors compared between the two stocks.

About Iron Mountain

(Get Free Report)

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.

About Millrose Properties

(Get Free Report)

Millrose Properties, Inc. is a real estate investment and management company that focuses on acquiring, developing, and managing high-quality commercial properties. They are headquartered in Purchase, New York.

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