Equinix, Inc. | REIT Profile

Symbol: EQIX
CIK: 1101239
Exchange: NASDAQ
Founded: 1998 (27 years)
HQ: Redwood City, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Data Centers

See EQIX on Yahoo Finance
See EQIX on SEC.gov

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About Equinix, Inc.

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company™. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.


Equinix, Inc. Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Previous Close Volume Change $ Change %
$875.38 $887.07 $872.64 $880.00 $883.21 439,195 -$7.83 -0.89%

Last update: 2025-05-07 12:57:24 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 8.5

Dividend of Trading Day 2025-05-07


Dividend Yield: 2.12%*
Annualized Dividend: $18.76*
Dividend Yield (TTM): 2.1%
Annualized Dividend (TTM): $17.9
Ex-Dividend Date: 2025-05-21
Dividend Date: 2025-06-18
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest REIT Press Releases


See more Press Releases for Equinix, Inc.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for EQIX.

Year Quarter Type Amount Dividend Paid Payout Ratio
2024 Q4 AFFO $--- $--- ---%
2024 Q4 FFO $--- $--- ---%
2024 Q3 FFO $--- $--- ---%
2024 Q3 AFFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day 2025-05-07


Market Capitalization: $86,394,724,000
EBITDA: $3,686,000,000
P/E Ratio: 92.58
PEG Ratio: 3.59
Book Value: 141.99
Dividend Per Share: $17.47
EPS: 9.54
Revenue Per Share TTM: $91.87
ProfitMargin: 10.50%
Operating Margin TTM: 21.30%
Return on Assets TTM: 3.16%
Return on Equity TTM: 7.10%
Revenue TTM: $8,835,000,000
Gross Profit TTM: $4,375,000,000
Diluted EPS TTM: $9.54
Quarterly Earnings Growth YOY: 44.00%
Quarterly Revenue Growth YOY: 4.60%
Trailing P/E: 92.58
Forward P/E: 64.52
Beta: 0.96
Price to Sales Ratio TTM: 9.78
Price to Book Ratio: 6.17
EV to Revenue: 11.49
EV to EBITDA: 28.82x
Shares Outstanding: 97,818,000
52 Week High: $988.89
52 Week Low: $701.41
50 Day Moving Average: $836.98
200 Day Moving Average: $876.07

Properties Owned by EQIX


EQIX Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $560.17 per share you would have been able to buy 1 shares of EQIX on 2024-05-07 costing $560.17 @ $560.17 per share you would have been able to buy 0 shares of EQIX on 2024-05-07 costing $0.00 @ $560.17 per share you would have been able to buy 0 shares of EQIX on 2024-05-07 costing $0.00 @ $560.17 per share you would have been able to buy 0 shares of EQIX on 2024-05-07 costing $0.00 @ $560.17 per share you would have been able to buy 0 shares of EQIX on 2024-05-07 costing $0.00
Current worth On 2024-07-05 these 1 shares would be worth $754.49 @ $754.49 On 2024-07-05 these 0 shares would be worth $0.00 @ $754.49 On 2024-07-05 these 0 shares would be worth $0.00 @ $754.49 On 2024-07-05 these 0 shares would be worth $0.00 @ $754.49 On 2024-07-05 these 0 shares would be worth $0.00 @ $754.49
Dividends earned $22.16 in dividends would have been earned since 2024-05-07 with 1 shares. $0 in dividends would have been earned since 2024-05-07 with 0 shares. $0.00 in dividends would have been earned since 2024-05-07 with 0 shares. $0.00 in dividends would have been earned since 2024-05-07 with 0 shares. $0.00 in dividends would have been earned since 2024-05-07 with 0 shares.
Net (gain / loss)* 216.48 USD 0.00 USD 0.00 USD 0.00 USD 0.00 USD
ROI** 38.65% nan% nan% nan% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by EQIX. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
EQIX 2025-05-21 4.690 --- 2025-04-30 2025-05-21 2025-06-18
EQIX 2025-02-26 4.690 10.09% 2025-02-12 2025-02-26 2025-03-19
EQIX 2024-11-13 4.260 --- 2024-10-30 2024-11-13 2024-12-11
EQIX 2024-08-21 4.260 --- 2024-08-07 2024-08-21 2024-09-18
EQIX 2024-05-21 4.260 --- 2024-05-08 2024-05-22 2024-06-19
EQIX 2024-02-27 4.260 --- 2024-02-14 2024-02-28 2024-03-20
EQIX 2023-11-14 4.260 24.93% 2023-10-25 2023-11-15 2023-12-13
EQIX 2023-08-22 3.410 --- 2023-08-02 2023-08-23 2023-09-20
EQIX 2023-05-23 3.410 --- 2023-05-03 2023-05-24 2023-06-21
EQIX 2023-03-06 3.410 10.00% 2023-02-15 2023-03-07 2023-03-22
EQIX 2022-11-15 3.100 --- 2022-11-02 2022-11-16 2022-12-14
EQIX 2022-08-16 3.100 --- 2022-07-27 2022-08-17 2022-09-21
EQIX 2022-05-17 3.100 --- 2022-04-27 2022-05-18 2022-06-15
EQIX 2022-03-04 3.100 8.01% 2022-02-16 2022-03-07 2022-03-23
EQIX 2021-11-16 2.870 --- 2021-11-03 2021-11-17 2021-12-15
EQIX 2021-08-17 2.870 --- 2021-07-28 2021-08-18 2021-09-22
EQIX 2021-05-18 2.870 --- 2021-04-28 2021-05-19 2021-06-16
EQIX 2021-02-23 2.870 7.89% 2021-02-10 2021-02-24 2021-03-17
EQIX 2020-11-17 2.660 --- 2020-10-28 2020-11-18 2020-12-09
EQIX 2020-08-18 2.660 --- 2020-07-29 2020-08-19 2020-09-23

Financial Statements Overview


The next Earnings Report for EQIX is 2024-08-07

Balance Sheet | Quarterly


Assets 2025-03-31 2024-12-31 QoQ
Current Assets
  Cash and Cash Equivalents at Carrying Value 2,950,000,000 3,081,000,000
  Short-Term Investments 723,000,000 527,000,000
  Cash and Short Term Investments 2,950,000,000 3,081,000,000
  Current Net Receivables 1,089,000,000 0
  Inventory 0 0
  Other Current Assets 743,000,000 890,000,000
  Total Current Assets 5,505,000,000 5,447,000,000 1.1%
Non-Current Assets
  Property Plant Equipment 0 0
  Accumulated Depreciation Amortization PPE 0 0
  Long-Term Investments 0 519,000,000
  Investments 0 0
  Intangible Assets Excluding Goodwill 1,388,000,000 1,417,000,000
  Goodwill 5,633,000,000 5,504,000,000
  Intangible Assets 1,388,000,000 1,417,000,000
  Other Non-Current Assets 0 0
  Total Non-Current Assets 30,574,000,000 29,638,000,000 3.2%
  Total Assets 36,079,000,000 35,085,000,000 2.8%
Liabilities
Current Liabilities
  Current Accounts Payable 1,105,000,000 0
  Deferred Revenue 0 0
  Current Debt 0 0
  Short-Term Debt 356,000,000 0
  Current Long-Term Debt 1,204,000,000 1,204,000,000
  Short Long-Term Debt Total 17,789,000,000 16,780,000,000
  Other Current Liabilities 2,971,000,000 3,020,000,000
  Total Current Liabilities 3,327,000,000 3,349,000,000 -0.7%
Non-Current Liabilities
  Long-Term Debt Noncurrent 0 0
  Long-Term Debt 14,560,000,000 14,007,000,000
  Capital Lease Obligations 3,886,000,000 3,750,000,000
  Other Non-Current Liabilities 744,000,000 62,000,000
  Total Non-Current Liabilities 18,839,000,000 18,184,000,000
  Total Liabilities 22,166,000,000 21,533,000,000 2.9%
Shareholders' Equity
  Common Stock 0 0
  Common Stock Shares Outstanding 3,500,000 96,849,000
  Treasury Stock 0 0
  Retained Earnings 5,092,000,000 4,749,000,000
  Total Shareholder Equity 13,889,000,000 13,528,000,000 2.7%

Amounts in USD ($)

Income Statement | Quarterly


2025-03-31 2024-12-31 QoQ
Total Revenue 2,225,000,000 2,261,000,000 -1.6%
  Cost of Revenue   1,084,000,000   1,196,000,000
  Cost of Goods and Services Sold   1,084,000,000   1,196,000,000
Gross Profit 1,141,000,000 1,065,000,000 7.1%
  Research and Development   0   0
  Selling General and Administrative   438,000,000   451,000,000
  Depreciation   0   0
  Depreciation and Amortization   188,000,000   498,000,000
  Operating Expenses   683,000,000   962,000,000
Operating Income 458,000,000 103,000,000 344.7%
  EBIT (Earnings Before Interest and Tax)   270,000,000   126,000,000
  Investment Income Net   0   0
  Net Interest Income   -75,000,000   -77,000,000
  Interest Income   47,000,000   49,000,000
  Interest Expense   -122,000,000   126,000,000
  Interest and Debt Expense   0   0
  Non Interest Income   0   0
  Other Non Operating Income   0   0
Income Before Tax 392,000,000 -28,000,000 -1,500.0%
  Income Tax Expense -49,000,000 -14,000,000
Net Income from Continuing Operations 343,000,000 -14,000,000
Net Income 343,000,000 -14,000,000 -2,550.0%
Comprehensive Income Net of Tax 0 0
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) 458,000,000 624,000,000

Amounts in USD ($)

Cash Flow | Quarterly


Cash Flows from Operating Activities 2025-03-31 2024-12-31 QoQ
  Net Income 343,000,000 -14,000,000 -2,550.0%
  Depreciation, Depletion, and Amortization 479,000,000 498,000,000
  Change in Receivables 0 0
  Change in Inventory 0 0
  Change in Operating Assets 0 0
  Change in Operating Liabilities 0 0
  Payments for Operating Activities 0 0
  Proceeds from Operating Activities 0 0
  Profit Loss 0 0
  Net Cash Provided by Operating Activities 809,000,000 981,000,000 -17.5%
Cash Flows from Investing Activities
  Capital Expenditures 750,000,000 987,000,000
  Net Cash Used in Investing Activities 0 0
Cash Flows from Financing Activities
  Proceeds from Issuance of Common Stock 0 0
  Proceeds from Issuance of Preferred Stock 0 0
  Proceeds from Issuance of Long-Term Debt 0 0
  Proceeds from Repurchase of Equity 0 0
  Proceeds from Sale of Treasury Stock 0 0
  Repayment of Short-Term Debt 0 0
  Payments for Repurchase of Common Stock 0 0
  Payments for Repurchase of Preferred Stock 0 0
  Payments for Repurchase of Equity 0 0
  Dividend Payout 468,000,000 413,000,000
  Dividend Payout - Common Stock 468,000,000 413,000,000
  Dividend Payout - Preferred Stock 0 0
  Net Cash Provided by Financing Activities 15,000,000 478,000,000 -96.9%
Other Items
  Effect of Exchange Rate on Cash 0 0
  Net Increase in Cash and Cash Equivalents 0 0

Amounts in USD ($)

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.0
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 8.0
8 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 9.0
9 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 9.6
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.8
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.8
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.6
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.3
2 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.1
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
2 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.4
6 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.5
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.3
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.0
Rating Properties Section Avg. Rating
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.1
Rating Market Cap Section Avg. Rating
8 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.2
8.5 Overall REITRating™ Score (See trend) 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2025-05-07 - v6.2