Global Data Center Expansion and Sustainability Focus

Balance sheet remains well positioned • Balance Sheet highlights ~$2 billion of liquidity • ~87% Fixed Rate Debt . 4.7% weighted average interest rate 7.6 years weighted-average maturity Net lease-adjusted leverage 6.2x 5.5x 5.3x 1 ~ 5.4x J.P. Morgan REIT Composite IRM Q4 2020 IRM 2021 Outlook 26 26 (1) Excluding the approximately $260 million of proceeds from the 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 January 4, 2021 and company reports IRON MOUNTAINⓇ

View entire presentation