Baron Funds released its second-quarter 2025 investor letter for the “Baron Real Estate Income Fund,” showing a 0.23% decrease (Institutional Shares) compared to a 1.46% decline for the MSCI US REIT Index. The Fund achieved a 87.02% cumulative return since inception on Dec 29, 2017, outperforming the REIT Index. Download the letter for more details.

Iron Mountain Incorporated (NYSE:IRM) was highlighted in the Baron Real Estate Income Fund’s second-quarter 2025 investor letter. IRM provides storage and information management solutions, with a one-month return of 8.00% and a 17.03% loss over 52 weeks. On August 8, 2025, IRM stock closed at $90.16 per share with a market cap of $26.629 billion.

Baron Real Estate Income Fund’s second-quarter 2025 investor letter discussed acquiring shares of Iron Mountain Incorporated (NYSE:IRM) due to its compelling valuation level and growth prospects. IRM offers records storage management and a fast-growing data center segment, with potential for 10% overall cash flow growth and high single-digit per share growth in the coming years.

Iron Mountain Incorporated (NYSE:IRM) is not among the 30 Most Popular Stocks Among Hedge Funds. While 40 hedge fund portfolios held IRM at the end of the first quarter, certain AI stocks are considered to have greater upside potential with less downside risk. Explore more investor letters and stock analyses for further insights.

Read more at Yahoo Finance: Is Iron Mountain Incorporated (IRM) Trading at a Compelling Valuation Level?