Momentum to GO BEYOND

Balance sheet remains well positioned Balance Sheet Highlights as of 3/31/21 ~$1.8 billion of liquidity • ~85% Fixed Rate Debt . Net Lease Adjusted Leverage 6.0x 5.5x1 5.5x ~5.4x . 4.6% weighted average interest rate 7.6 years weighted-average maturity 5.3x J.P. Morgan REIT Composite IRM 2020 IRM Q1 2021 IRM 2021 Outlook 25 25 (1) Excluding the approximately $260 million of proceeds from a large sale leaseback transaction in the fourth quarter of 2020 that we plan to invest in 2021, net lease adjusted leverage was 5.5x. Source: J.P. Morgan REIT Weekly U.S. Real Estate report April 4, 2021 and company reports IRON MOUNTAINⓇ

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