Global Data Center Expansion and Sustainability Focus

25 25 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 2020 sales~$475 Million " " National U.S. portfolio of 13 properties 2.1 million square feet in total Sale leasebacks of highly desirable assets that we will continue to occupy through long-term leases Capitalized on favorable valuations of industrial assets in highly sought after markets Excess or inefficient real estate Better/best use - Sale generates outsized return Higher-use alternatives IRON MOUNTAINⓇ

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