All three of these REITs have solid upside. Real estate investment trusts (REITs) have done well the past few months with the anticipation of interest rate cuts. Now those cuts have arrived, and there are still plenty of high-quality REITs with solid upside. In today's video, I will cover 3 REITs to add to your buy list. One of them is Equinix (EQIX 1.23%). Watch this short video to learn more, consider subscribing to the channel, and check out the special offer in the link below. *Stock prices used were en ...

Equinix (EQIX) ended the recent trading session at $870.99, demonstrating a +1.17% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.7%. Meanwhile, the Dow experienced a rise of 1.26%, and the technology-dominated Nasdaq saw an increase of 2.51%. Shares of the data center operator have appreciated by 5.25% over the course of the past month, outperforming the Finance sector's gain of 2.47% and the S&P 500's gain of 1.27%. The upcoming earnings rele ...

In the latest trading session, Equinix (EQIX) closed at $867.70, marking a +0.34% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.07% for the day. At the same time, the Dow added 0.31%, and the tech-heavy Nasdaq gained 2.17%. Shares of the data center operator witnessed a gain of 4.24% over the previous month, beating the performance of the Finance sector with its gain of 4.06% and the S&P 500's gain of 2.92%. The upcoming earnings release of Equinix will be of ...

Equinix, Inc. (NASDAQ:EQIX) Citi’s 2024 Global Technology, Media and Telecom Conference September 4, 2024 3:00 PM ET Company Participants Adaire Fox-Martin - President and CEO Conference Call Participants Mike Rollins - Citi Mike Rollins For Global TMT Conference. For those of you I haven't met, I'm Mike Rollins with Citi Research, and we're pleased to welcome Equinix's President and Chief Executive Officer, Adaire Fox-Martin. Adaire thank you so much for joining us. Adaire Fox-Martin No, thank you very muc ...

A month has gone by since the last earnings report for Equinix (EQIX) . Shares have added about 1.5% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Equinix due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Equinix's Q2 AFFO Beat on Solid Demand, Revenues Rise Eq ...

Equinix, Inc. (NASDAQ:EQIX) Bank of America's 2024 Media, Communications and Entertainment Conference September 5, 2024 5:00 PM ET Company Participants Adaire Fox-Martin - President & CEO Conference Call Participants David Barden - Bank of America David Barden Our superstar guest, the new President and CEO of Equinix, Adaire Fox-Martin. Adaire Fox-Martin Thank you. Superstar, I appreciate that. David Barden Before we begin, do you have to do any of the Safe Harbor comments? Adaire Fox-Martin I do. So any fo ...

Equinix, Inc. (NASDAQ:EQIX) Bank of America's 2024 Media, Communications and Entertainment Conference September 5, 2024 5:00 PM ET Company Participants Adaire Fox-Martin - President & CEO Conference Call Participants David Barden - Bank of America David Barden Our superstar guest, the new President and CEO of Equinix, Adaire Fox-Martin. Adaire Fox-Martin Thank you. Superstar, I appreciate that. David Barden Before we begin, do you have to do any of the Safe Harbor comments? Adaire Fox-Martin I do. So any fo ...

Core Viewpoint - Equinix is expected to report positive earnings and revenue growth in its upcoming earnings disclosure, with a notable increase in EPS and revenue compared to the previous year [2][3]. Company Performance - Equinix's stock closed at $827.59, reflecting a decrease of 0.55% from the previous trading session, which is lower than the S&P 500's loss of 0.16% [1]. - Over the last month, Equinix shares have increased by 6.06%, slightly lagging behind the Finance sector's gain of 6.28% and outperforming the S&P 500's gain of 3.64% [1]. Earnings Estimates - The anticipated EPS for Equinix is $8.71, representing a 6.35% increase year-over-year [2]. - The consensus estimate for revenue is projected at $2.2 billion, indicating a 6.8% rise from the same quarter last year [2]. - For the entire year, earnings are forecasted at $35.10 per share and revenue at $8.74 billion, reflecting increases of 9.31% and 6.69% respectively compared to the previous year [3]. Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Equinix are seen as a reflection of the company's business outlook, with positive revisions indicating optimism [4]. - The Zacks Rank system currently places Equinix at 3 (Hold), with a history of outperforming the market [6]. - Over the past month, the Zacks Consensus EPS estimate has decreased by 0.6% [6]. Valuation Metrics - Equinix has a Forward P/E ratio of 23.71, which is a premium compared to the industry average of 14.62 [6]. - The PEG ratio for Equinix stands at 1.79, significantly lower than the industry average of 3.48 [7]. Industry Context - Equinix operates within the REIT and Equity Trust - Retail industry, which is part of the Finance sector and currently holds a Zacks Industry Rank of 54, placing it in the top 22% of over 250 industries [8].

Core Viewpoint - Equinix, Inc. has successfully issued over $750 million in green bonds, contributing to its sustainability initiatives and operational eco-efficiency improvements, totaling approximately $5.6 billion in green bonds issued to date, positioning it among the top 10 largest U.S. corporate issuers in the investment-grade green bond market [1][5]. Group 1: Green Bond Issuance - The recent green bond offerings include €600 million of 3.65% senior green notes due 2033 and Swiss Franc 100 million of 1.5575% senior green notes due 2029, with effective coupon rates of 3.62% and 1.67% after hedging [2][3]. - Equinix has utilized rate locks to hedge interest rate risks associated with these bond issuances [2]. Group 2: Sustainability Initiatives - Proceeds from the green bonds will finance or refinance Eligible Green Projects, which include green building development, renewable energy innovations, and advanced energy efficiency projects [3][4]. - Over the past five years, Equinix's green bonds have funded 172 green building projects across 105 sites, 33 energy efficiency projects, and two Power Purchase Agreement projects [2]. Group 3: Environmental Commitment - Equinix's 2024 Green Finance Framework aligns with the Green Bond Principles and aims to enhance environmental protection and address climate change through greenhouse gas emissions reductions and increased resource efficiency [4]. - The company achieved 96% renewable energy coverage in 2023 and improved its power usage effectiveness (PUE) by over 8% compared to the previous year [6]. Group 4: Recognition and Industry Leadership - Equinix was recognized for its climate performance by achieving the highest ranking on CDP's Climate Change A List for the second consecutive year, with less than 2% of over 23,000 companies receiving this top score [6]. - The company is a founding signatory of the Climate Neutral Data Centre Operator Pact, advocating for sustainability requirements in the EU data center industry to achieve climate neutrality by 2030 [7].

Introduction/Earnings - Equinix reported a strong second quarter with revenue up 2% QoQ and 7% YoY, beating expectations for revenue, EPS, and FFO [2] - AFFO per diluted share increased by 4% sequentially and 16% YoY, with TTM AFFO per share up 8.66% YoY compared to the sector median of 2.27% [2] Capital Structure - The company issued $750 million of 5.5% USD Notes due 2034, swapping this debt to EUR with an effective coupon of approximately 3.9% [4] - Equinix has a blended borrowing rate of 2.4%, a net leverage ratio of 3.5x, and total gross debt of $14.2 billion [4] - 96% of their debt is fixed rate, providing financial stability even if interest rates rise [3] Capital Expenditures - Historical recurring capex is in the 2-5% range, with Q2 at 2.1% of sales; non-recurring capex was $603 million, or 27.9% of sales [6] - The majority of non-recurring expansion funds are being deployed in the Americas, supporting the company's high growth REIT pricing [6] Guidance - FY2024 guidance is strong at $8.69-$8.77 billion, with total CapEx expected to be around $3 billion, representing 34.3% of sales [7] - AFFO per diluted share is expected to be $34.99, indicating shares are trading at 23.1x FY2024 AFFO [7] Valuation - Equinix is trading at 23.1x forward AFFO compared to the sector average of around 16x, making it susceptible to share price volatility if growth slows [8] - The forward dividend yield is 2.18%, lower than the sector median of 4.42% [8] Market Position - Equinix is the largest data center REIT globally, benefiting from the growing demand for data storage, projected to grow at a CAGR of 17.3% from $245 billion in 2023 to $932 billion in 2030 [9] - The company has strategic partnerships with major tech firms like Amazon, Microsoft, and Google, which enhances its market position [9] Risks - High valuation poses a risk, as negative surprises in future earnings could lead to significant drawdowns [10] - Insider selling has been noted, with over 146,000 shares sold in the past 24 months, raising concerns about management's outlook [10] - A short report by Hindenburg Research raised questions about the company's maintenance capex practices, although an audit found no need for changes [12]