REITResearch Real estate investment trust research powered by AI
← All REITs

Equinix, Inc. EQIX

Listed / Traded Data Centers NASDAQ Mgmt:

Equinix, Inc. is a digital infrastructure company that connects businesses to their customers, employees, and partners inside interconnected data centers. The company operates a global platform of data centers, providing colocation, interconnection, and support services to a diverse range of customers. Equinix enables businesses to access various places, partners, and possibilities needed to accelerate their digital strategies.

Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-11 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K

Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.

Snapshot

Price
$1,017.31
Market cap
$100.33B
Enterprise value
$122.28B
Dividend yieldi
2.03%
Annual dividendi
$20.64
Frequency
Quarterly
FFO / sharei
$7.68 · Q1 2026
AFFO / sharei
$10.79 · Q1 2026
Net debt / EBITDAi
5.10x · GAAP est.
Op. cash flow / sharei
$39.86
Price / OCFi
25.52
Payout (% of OCF)i
51.78%
Debt / book capitali
61.98%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-29) — 8-K, EX-99.1 ✓ Verified to filing.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

$10,000 invested

9shares (~$1,017.31 each)
$203est. dividends / year
$17≈ per month
2.03%current yield

Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.

Model EQIX yourself — any amount, shares, per-payment & a multi-year DRIP projection →

Balance sheet (latest FY: 2025)

Total debt
$22.73B
Cash
$1.73B
Net debt / EBITDAi
5.10x
Debt / book capitali
61.98%
Total assets
$40.14B
Total equity
$14.16B
Sponsored
Advanced charts & data →

Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $9.26B $1.35B $2.07B $4.07B $3.91B
2024 $8.75B $815.00M $2.01B $3.44B $3.25B
2023 $8.19B $969.18M $1.84B $3.37B $3.22B
2022 $7.26B $704.35M $1.74B $2.92B $2.96B
2021 $6.64B $500.19M $1.66B $2.60B $2.55B
2020 $6.00B $369.78M $1.42B $2.35B $2.31B

Dividends

Recent regular dividends per share (special distributions excluded), oldest → newest.

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-05-202026-05-202026-06-17 2026-04-29$5.16Quarterly
2026-02-252026-02-252026-03-18 2026-02-11$5.16Quarterly
2025-11-192025-11-192025-12-17 2025-10-29$4.69Quarterly
2025-08-202025-08-202025-09-17 2025-07-30$4.69Quarterly
2025-05-212025-05-212025-06-18 2025-04-30$4.69Quarterly
2025-02-262025-02-262025-03-19 2025-02-12$4.69Quarterly
2024-11-132024-11-132024-12-11 2024-10-30$4.26Quarterly
2024-08-212024-08-212024-09-18 2024-08-07$4.26Quarterly
2024-05-212024-05-222024-06-19 2024-05-08$4.26Quarterly
2024-02-272024-02-282024-03-20 2024-02-14$4.26Quarterly
2023-11-142023-11-152023-12-13 2023-10-25$4.26Quarterly
2023-08-222023-08-232023-09-20 2023-08-02$3.41Quarterly
2023-05-232023-05-242023-06-21 2023-05-03$3.41Quarterly
2023-03-062023-03-072023-03-22 2023-02-15$3.41Quarterly
2022-11-152022-11-162022-12-14 2022-11-02$3.10Quarterly
2022-08-162022-08-172022-09-21 2022-07-27$3.10Quarterly
2022-05-172022-05-182022-06-15 2022-04-27$3.10Quarterly
2022-03-042022-03-072022-03-23 2022-02-16$3.10Quarterly
2021-11-162021-11-172021-12-15 2021-11-03$2.87Quarterly
2021-08-172021-08-182021-09-22 2021-07-28$2.87Quarterly
2021-05-182021-05-192021-06-16 2021-04-28$2.87Quarterly
2021-02-232021-02-242021-03-17 2021-02-10$2.87Quarterly
2020-11-172020-11-182020-12-09 2020-10-28$2.66Quarterly
2020-08-182020-08-192020-09-23 2020-07-29$2.66Quarterly

Coverage (payout of operating cash flow): 51.78%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Recent news — EQIX

Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.

Other Data Centers REITs

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.

Theme