Response to COVID-19 & Project Summit Key Goals
Value Creation Through Capital Recycling
Real Estate capital recycling strategy
IRM buys and sells with an ROI focus
Recycles capital to create long-term value for shareholders
Liquidity recycled into other real estate and data centers
Capital recycling opportunities
December 2019 sale - $46 Million
"
Case study: Sunnyvale, CA
Sale of 125k sq ft facility located within Silicon Valley
28
Capitalized on favorable valuation of industrial asset in highly
sought after market
Will relocate inventory to other nearby Iron Mountain facilities
over 24-36 months
inefficient real
Excess or
estate
Better/best use -
Sale generates
outsized return
Higher-use real estate alternatives
Building
improvements
Data center
development /
Emerging market
expansion / M&A
expansion
IRON MOUNTAIN
IRON MOUNTAIN"View entire presentation