SCHEDULE: Cohen & Steers Discloses 5.43% Stake in Iron Mountain

Sentiment:

Beneficial Ownership Report


Cohen & Steers, Inc. and its affiliates reported a collective beneficial ownership of 5.43% of Iron Mountain, Inc.'s common stock as of September 30, 2025.

Summary

  • Cohen & Steers, Inc., a Delaware corporation, along with its subsidiaries, has filed a Schedule 13G indicating beneficial ownership in Iron Mountain, Inc.
  • As of September 30, 2025, Cohen & Steers, Inc. beneficially owns an aggregate of 16,029,962 shares of Iron Mountain, Inc. common stock.
  • This ownership represents 5.43% of the total class of Iron Mountain, Inc. common stock.
  • Cohen & Steers, Inc. holds sole voting power over 12,328,467 shares and sole dispositive power over 16,029,962 shares.
  • Cohen & Steers Capital Management, Inc., a subsidiary, beneficially owns 15,841,858 shares, representing 5.36% of the class, with sole voting power over 12,243,203 shares and sole dispositive power over 15,841,858 shares.
  • Other subsidiaries, Cohen & Steers UK Limited and Cohen & Steers Ireland Limited, also hold smaller beneficial ownership stakes of 0.06% and 0.01% respectively.
  • The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Iron Mountain, Inc.

Sentiment

Score: 5

Explanation: This is a neutral, factual disclosure of beneficial ownership by an institutional investor, indicating a passive stake. It does not contain performance results or forward-looking statements that would typically influence sentiment.

Positives

  • NA

Negatives

  • NA

Risks

  • NA

Future Outlook

NA

Management Comments

  • NA

Industry Context

Iron Mountain, Inc. operates as a global leader in storage and information management services, often structured as a REIT. The disclosure of a significant passive stake by an institutional investor like Cohen & Steers, which specializes in real estate and infrastructure investments, aligns with typical institutional interest in such companies.

Comparison to Industry Standards

  • NA

Management Changes

RolePrevious PersonNew PersonEffective DateReason

Corporate Governance

Change TypeDescriptionEffective DateImpact Assessment

Legal Proceedings

  • NA

Related Party Transactions

  • NA

Stakeholder Impact

  • Shareholders will note the presence of a significant institutional investor, Cohen & Steers, Inc., holding over 5% of the common stock, which can be viewed as a vote of confidence in the company's long-term prospects.

Next Steps

  • NA

Key Dates

DateDescription
09/30/2025Date of event which requires filing of this statement (acquisition of beneficial ownership exceeding 5%).
11/14/2025Signature date of the Schedule 13G filing by Cohen & Steers, Inc. and its affiliates.

Keywords

Iron Mountain, Cohen & Steers, Schedule 13G, beneficial ownership, common stock, institutional investor, REIT, data management

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