Equinix Inc., a
Real Estate Investment Trust (REIT) and provider of carrier-neutral data centers and internet exchanges, is attracting attention in the market. This data center REIT has recently entered into a
$600M JV with PGIM Real Estate. Their stocks are witnessing solid portfolio picks and unsurpassed Q3 AFFO and revenues. The company has been accused of manipulating its metrics to increase the executive compensation by Hindenburg Research. However, despite the allegation, the company's
stocks have appreciated, and it has also been attracting investment. The Equinix stocks have shown a
10% rise YTD and posts a promising outlook for growth. Apart from this, Equinix's expansion in
Malaysia and investment in xScale® Data Centers in the U.S. marks the company's initiative to extend its data center capacity. It appears that Equinix is currently one of the top data centers REITs for dividends and growth. The company roped in a Google executive as the new CEO, hinting at fresh leadership and ambition for growth.
Equinix Reit EQIX News Analytics from Tue, 15 Jan 2013 08:00:00 GMT to Thu, 09 May 2024 15:36:42 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -5
