AvalonBay Communities, Inc. (AVB) vs Iron Mountain Incorporated (IRM)
A side-by-side comparison of AvalonBay Communities, Inc. and Iron Mountain Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 11, 2026. Differences are shown without an overall score or investment verdict.
Total return — AVB vs IRM
growth of $100 · dividends reinvested · last 10yAVB vs IRM: by the numbers
- •IRM is the larger company ($36.41B vs $25.95B market cap).
- •AVB converts more revenue to profit (33.39% vs 3.76% net margin).
- •IRM grew revenue faster over the past five years (11.73% vs 6.62% CAGR).
- •AVB pays the higher dividend yield (3.84% vs 2.78%).
Metrics side by side
Valuation
| Metric | AVB | IRM |
|---|---|---|
| P/E ratio | 25.32 | 133.58 |
| Forward P/E | 30.46 | 50.52 |
| P/S ratio | 8.46 | 5.01 |
| P/B ratio | 2.17 | N/A |
| EV / EBITDA | 19.48 | 23.93 |
| FCF yield | 6.18% | N/A |
For REITs like AvalonBay Communities, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Iron Mountain Incorporated, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | AVB | IRM |
|---|---|---|
| Gross margin | 66.99% | 25.69% |
| Operating margin | 28.45% | 18.01% |
| Net margin | 33.39% | 3.76% |
| ROE | 8.56% | -14.74% |
| ROIC | 4.15% | 5.72% |
Dividends
| Metric | AVB | IRM |
|---|---|---|
| Dividend yield | 3.84% | 2.78% |
| Payout ratio | 95.41% | 689.18% |
AvalonBay Communities, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Iron Mountain Incorporated's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | AVB | IRM |
|---|---|---|
| Revenue CAGR (5Y) | 6.62% | 11.73% |
| EPS CAGR (5Y) | 4.67% | -16.26% |
| FCF CAGR (5Y) | 9.40% | -43.23% |
| Total return CAGR (5Y) | -0.41% | 26.29% |
Frequently asked
- Which has grown faster, AVB or IRM?
- Over the past five years, IRM grew revenue faster — AVB at a 6.62% CAGR versus IRM at 11.73%.
- Does AVB or IRM pay a bigger dividend?
- AVB yields 3.84% and IRM yields 2.78% based on trailing dividends and the latest price.
- Is AVB or IRM more profitable?
- AVB runs the higher net margin — AVB at 33.39% versus IRM at 3.76%.
- How have AVB and IRM total returns compared?
- Over the past 10 years, AVB delivered 3.45% and IRM delivered 19.01% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
AvalonBay Communities & Iron Mountain appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 11, 2026.