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  "documentTitle": "Iron Mountain Incorporated (IRM)",
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  "presentationDate": "2011-03-09 00:00:00",
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  "notes": "The table shows sensitivity of per-share value to REIT cap rates and EBITDA multiples.",
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      "text": "Elliott estimates $148mm of tax savings from REIT conversion",
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      "text": "Elliott estimates $148mm of tax savings from REIT conversion\nImplies a FCF benefit of $0.74 per share",
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      "text": "per share value: $24.55",
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      "text": "Source: Elliott estimates",
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      "text": "Tax Savings - $10.58 Per Share Opportunity\nCap Rate Improvement - $13.97 Per Share Opportunity",
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