Iron Mountain (Delaware)Common Stock REIT (IRM) vs SBA Communications (SBAC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Iron Mountain (Delaware)Common Stock REIT (IRM) has outperformed SBA Communications (SBAC) over the past year, gaining 9.3% versus a loss of 9.6%. Over five years, IRM leads with a +157.9% price change compared with -47.9% for SBAC. Iron Mountain (Delaware)Common Stock REIT is the larger company by market cap ($34.46 billion vs $18.08 billion), about 1.9 times the size.
On valuation, SBA Communications trades at a lower forward P/E (20.8x vs 42.4x for Iron Mountain (Delaware)Common Stock REIT). Iron Mountain (Delaware)Common Stock REIT offers the higher dividend yield (2.92% vs 2.77%). SBA Communications converts more of its revenue into profit, with a net margin of 37.4% versus 2.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | IRM | SBAC |
|---|---|---|
| Share price | $115.75 | $170.38 |
| Market cap | $34.46B | $18.08B |
| 1-day change | -0.64% | +0.40% |
| YTD return | +39.54% | -11.92% |
| 1-year return | +9.31% | -9.63% |
| 5-year return | +157.91% | -47.88% |
| P/E ratio (TTM) | 82.68 | 18.38 |
| Forward P/E | 42.45 | 20.83 |
| EPS (TTM) | $1.40 | $9.27 |
| Dividend yield | 2.92% | 2.77% |
| Annual dividend | $3.38 | $4.72 |
| Revenue (latest FY) | $6.90B | $2.82B |
| Revenue growth (YoY) | +12.23% | +5.06% |
| Net income (latest FY) | $152.25M | $1.05B |
| Gross margin | 55.38% | 75.46% |
| Operating margin | 16.86% | 47.70% |
| Net margin | 2.21% | 37.43% |
| 52-week high | $134.68 | $224.46 |
| 52-week low | $77.77 | $156.60 |
| Distance from 52-week high | -14.06% | -24.09% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +25.35% | +32.76% |
| Average volume | 1.75M | 971.19K |
| Shares outstanding | 297.70M | 106.09M |
| Employees | 29,400 | 1,844 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- IRM has outperformed SBAC by 18.9 percentage points over the past year.
- Iron Mountain (Delaware)Common Stock REIT trades at a higher earnings multiple (82.7x vs 18.4x trailing P/E).
- SBA Communications is more profitable, keeping 37.4 cents of every revenue dollar as net income versus 2.2 cents for Iron Mountain (Delaware)Common Stock REIT.
- Iron Mountain (Delaware)Common Stock REIT grew revenue faster in its latest fiscal year (+12.23% vs +5.06%).
About Iron Mountain (Delaware)Common Stock REIT
IRM stock →Iron Mountain Incorporated is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs.
Real Estate · Real Estate Investment Trusts · 29,400 employees
About SBA Communications
SBAC stock →SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications. In our site leasing business, we lease space to wireless service providers and other customers on assets we own or operate, and manage rooftop and tower sites for property owners under various contractual arrangements.
Real Estate · Real Estate Investment Trusts · 1,844 employees
IRM vs SBAC FAQ
Which is bigger, Iron Mountain (Delaware)Common Stock REIT or SBA Communications?
Iron Mountain (Delaware)Common Stock REIT (IRM) is larger, with a market capitalization of $34.46B compared with $18.08B for SBA Communications (SBAC).
Which stock has performed better over the past year, IRM or SBAC?
IRM returned +9.31% over the past 12 months, compared with -9.63% for SBAC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, IRM or SBAC?
SBAC has the lower trailing P/E at 18.4, versus 82.7 for IRM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Iron Mountain (Delaware)Common Stock REIT or SBA Communications?
Iron Mountain (Delaware)Common Stock REIT has the higher yield at 2.92%, compared with 2.77% for SBA Communications.
Are Iron Mountain (Delaware)Common Stock REIT and SBA Communications in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.