Equinix (EQIX), the renowned global data centre provider, has been in the news for various developments. The REIT witnessed both appreciation and depreciation of its shares, the former attributable to Baron Real Estate Fund's sale, and the latter to Hindenburg's short sale. A lot of discourse has been around equating the high-priced stock to significant worth and potential for a strong portfolio pick. The REIT has been yielding impressive dividends and boasts a sustained growth streak that puts it top among S&P 500. However, concerns arose following an internal investigation and DOJ subpoena, plus allegations by Hindenburg Research of metrics manipulation to inflate executive earnings. Nevertheless, EQIX partnered with PGIM Real Estate on a $600 million JV for their first US xScale® Data Center. The company's expansion footprint in Malaysia and its reported Q1/Q4 FFO surpassing estimates add to the positives. Its data center growth - which even backed NVIDIA's 400% revenue rise - has been a key spotlight. The REIT acquisition rumors project its significant potential in the property investment sector.
Equinix Reit EQIX News Analytics from Tue, 15 Jan 2013 08:00:00 GMT to Thu, 16 May 2024 22:29:28 GMT -
Rating 5
- Innovation 4
- Information 7
- Rumor 1
