Equinix's New Data Center in Singapore - Equinix plans to establish a new data center in Singapore with an initial investment of $260 million [1] - The facility, named SG6, is expected to open in Q1 2027 and will be Equinix's sixth International Business Exchange data center in Singapore [1] - SG6 will feature advanced liquid cooling technology to support next-generation workloads like AI [1] Capacity and Global Network - The fully built facility will offer a capacity of 20 megawatts [2] - SG6 will be integrated into Equinix's global network, which includes 268 interconnected data centers across 34 countries, with 59 in the Asia-Pacific region [2] - The facility will provide enhanced capacity, worldwide reach, and seamless integration with interconnection and colocation services [2] Sustainability and Digital Transformation - SG6 is designed to incorporate environmental and operational efficiencies, aligning with Singapore's Green Plan 2030 for sustainable development and carbon emission reduction [3] - The facility will help customers and the nation meet digital transformation goals while supporting sustainability commitments [3] Market Demand and Equinix's Position - Equinix expects rising demand for data center capacity due to compute-intensive workloads like AI [4] - The company is well-equipped to support next-generation workloads with its new AI-ready data center, integrating sustainability innovations [4] - Equinix's global data center portfolio is positioned to benefit from strong demand for interconnected data center infrastructure, driven by enterprises integrating AI into their strategies [4] Stock Performance - Equinix's shares have gained 12.1% over the past three months, outperforming the industry's growth of 2.8% [5] Broader REIT Sector - Welltower (WELL) and Cousins Properties (CUZ) are better-ranked stocks in the REIT sector, each carrying a Zacks Rank 2 (Buy) [6] - The Zacks Consensus Estimate for Welltower's 2024 FFO per share is $4.26, suggesting 17% year-over-year growth [7] - The Zacks Consensus Estimate for Cousins Properties' 2024 FFO per share is $2.68, indicating a 2.3% increase from the previous year [7]

REDWOOD CITY, Calif. and SINGAPORE, Nov. 19, 2024 /PRNewswire/ -- Today Equinix, Inc. (Nasdaq: EQIX) announced plans for its latest data center in Singapore, aimed at enabling global businesses to leverage next generation workloads, like AI, in one of the region's fastest-growing digital economies. With an initial investment of US$260M, the new facility–named SG6–will be Equinix's sixth International Business Exchange™ (IBX®) data center in Singapore. This new high performance data center will feature a wor ...

In a world where digital transformation is paramount, Equinix (EQIX) continues to prove itself to be a pivotal player in the global digital infrastructure landscape. Analysts also seem bullish on this Zacks Rank #2 (Buy) stock. The estimate revision trend for 2024 funds from operations (FFO) per share indicates a favorable outlook for the company, with estimates moving north over the past month. Over the past three months, shares of Equinix have risen 11%, outperforming the real estate market’s upside of 4. ...

AI and Data Center Demand - Citadel has significantly increased its position in Equinix, a data center and digital infrastructure stock, by 704% during Q2, bringing its total position to approximately 564,000 shares [2] - The rise of AI, particularly large language models (LLMs) like ChatGPT, Claude, and Gemini, is driving significant demand for data center services due to the complex infrastructure required for AI training and inferencing [4][5] - Equinix's CEO compared the rise of AI to the growth of cloud computing a decade ago, highlighting that AI training workloads are driving significant demand, with inference demand also beginning to take shape [6] Equinix's Role in AI Infrastructure - Equinix's core data center services, including its xScale suite, are well-positioned to benefit from the $1 trillion IT infrastructure opportunity fueled by AI demand [8] - The company is seen as a preferred location for network nodes, offering connectivity solutions for data ingestion and distribution, similar to its role during the cloud computing boom [9] Valuation and Market Trends - Equinix's forward P/E ratio of nearly 80 is significantly higher than the S&P 500 average of around 23, indicating that the stock is not a bargain but reflects a premium placed on the data center market [9][10] - Data center stocks, including Equinix, have experienced notable valuation expansion in recent months, suggesting growing investor interest in this segment of the AI market [11] Future Outlook - The AI story is still in its early stages, and demand for data processing and storage is expected to continue rising as AI needs become more robust [13] - Institutional investors like Citadel will be closely watched in the coming weeks for any changes in their positions in data center stocks, which could provide further insights into market trends [12]

Market Overview - The Peru Data Center Market was valued at USD 130 billion in 2023 and is expected to reach USD 310 billion by 2029, growing at a CAGR of 15.59% [1] - The market is expected to add a cumulative power capacity of over 51 MW by 2029 [2] - Peru has around 10 existing colocation data centers, with most activity concentrated in Lima [2] Market Segmentation - The market is segmented into IT infrastructure, electrical infrastructure, mechanical infrastructure, and general construction services [8] - IT infrastructure includes servers, storage systems, and network infrastructure [8] - Electrical infrastructure covers UPS systems, generators, transfer switches & switchgears, PDUs, and other electrical infrastructure [8] - Mechanical infrastructure includes cooling systems, rack cabinets, and other mechanical infrastructure [8] - General construction services include core & shell development, installation & commissioning services, building & engineering design, fire detection & suppression systems, physical security, and data center infrastructure management (DCIM) [8] Vendor Landscape - Major global and local data center operators in Peru include Equinix, Optical Networks (Win Empresas), Claro, Actis (Nabiax), Cirion Technologies, and GTD Peru [5] - Cloud service providers such as Microsoft, Google, IBM, and Amazon Web Services (AWS) operate through local partners in Peru, while Huawei Cloud has its own dedicated cloud region with two availability zones [5] - IT infrastructure providers include Arista Networks, Broadcom, Cisco Systems, Dell Technologies, Hewlett Packard Enterprise, Huawei Technologies, IBM, NetApp, Oracle, and Supermicro [5] - Data center construction contractors and sub-contractors include Fluor Corporation, HDOS, and PQC [5] - Support infrastructure providers include 3M, ABB, ASSA ABLOY, Alfa Laval, Axis Communications, Bosch Security and Safety Systems, Caterpillar, Cummins, Daikin Applied, Delta Electronics, Eaton, Generac Power Systems, HiRef, Honeywell, Johnson Controls, Legrand, Rittal, Panduit, Schneider Electric, Siemens, STULZ, and Vertiv [6] Investment Opportunities - The report provides an assessment of data center investment in Peru by colocation, hyperscale, and enterprise operators [3] - It covers investments in area (square feet) and power capacity (MW) across cities in the country [3] - The report includes a detailed study of the existing Peru data center market landscape, an in-depth market analysis, and insightful predictions about industry size during the forecast period [3] Existing and Upcoming Facilities - There are 10 existing third-party data center facilities and 2 upcoming facilities in Peru [3] - The facilities are spread across 4 cities, with most existing facilities located in Lima [3] - The report provides a snapshot of existing and upcoming third-party data center facilities, including area and IT load capacity [3] Colocation Market - The data center colocation market in Peru is analyzed, including colocation market revenue and forecast from 2020 to 2029 [3] - Retail colocation pricing is also covered in the report [3] Tier Standards - The report discusses investments in Tier I & II, Tier III, and Tier IV data center standards [8] Key Questions Answered - The report addresses key questions such as the number of existing and upcoming data center facilities in Peru, the growth rate of the market, the size of the market, and the amount of power capacity to be added during 2024-2029 [9] - It also explores the factors driving the Peru data center market [9]

Equinix Inc.’s (EQIX) third-quarter 2024 adjusted funds from operations (AFFO) per share of $9.05 surpassed the Zacks Consensus Estimate of $8.70. The figure improved 10.5% from the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results displayed steady growth in colocation and inter-connection revenues on the back of strong demand for digital infrastructure. During the quarter, Equinix’s total interconnections reached 478,000, rising 4% year over year. The compa ...

| --- | --- | |------------------------------------------------|-------| | | | | | | | | | | | | | Q3 2024 Earnings Conference Call NASDAQ: EQIX | | | Presented on October 30, 2024 | | | © 2024 Equinix, Inc. | | Public Disclosure Statement Forward-Looking Statements Except for historical information, this presentation contains forward-looking statements which include words such as "believe," "anticipate," and "expect." These forward-looking statements involve risks and uncertainties that may cause Equinix's ...

Financial Data and Key Metrics - Q3 revenues were $2.2 billion, up 7% YoY, driven by strong recurring revenue growth and xScale fees [24] - Adjusted EBITDA increased 12% YoY, with solid AFFO per share profitability [24] - Interconnection revenues grew 10% YoY, with Equinix Fabric contributing significantly [25] - Net interconnection additions improved to 5,700, driven by hyperscale connects and ecosystem diversification [26] - Equinix Fabric achieved an annual revenue run rate of over $250 million, with a 40% attach rate globally [26] - MRR per cabinet increased 6% YoY to over $2,300, driven by favorable pricing and higher power densities [34] Business Line Performance - Cabinets billing increased meaningfully, contributing to the 87th consecutive quarter of revenue growth [8] - xScale leasing reached 385 megawatts globally, with nearly 90% of operational and under-construction capacity leased [18] - Equinix Fabric saw solid growth, supported by 100-gigabit port additions and higher bandwidth virtual connections [26] - The company opened new data centers in Johannesburg, New York, and Tokyo, easing capacity constraints in key metros [27] Market Performance - APAC was the fastest-growing region at 15% YoY, followed by the Americas at 6% and EMEA at 3% [41] - Demand outpaced supply in top markets, driving a favorable pricing environment, particularly in the Americas [42] - The Asia Pacific region reached a quarterly revenue milestone of $500 million for the first time, driven by strong AI demand in Japan [43] Strategy and Industry Competition - The company is focusing on three strategic areas: customer engagement, integrated solutions, and innovative data center design [11][12][13] - Equinix plans to build fewer, larger campuses to address power constraints and meet customer needs from SMEs to hyperscalers [15] - The company announced a $15 billion joint venture with CPP Investment Board and GIC to expand xScale facilities in the U.S. [17] - Equinix is uniquely positioned to serve AI workloads, offering low-latency access to hyperscaler on-ramps in 47 metros across 25 countries [19] Management Commentary on Operating Environment and Future Outlook - The company sees robust demand for digital infrastructure to enable AI capabilities across industries and regions [8] - The forward-looking pipeline remains strong, with healthy pre-sales activities supporting momentum into Q4 and beyond [8] - Management highlighted the importance of xScale as a force multiplier, enabling the company to serve a broad range of customer needs globally [52] Other Important Information - The company issued $750 million in senior green bonds, aligning with its sustainability strategy [45] - Capital expenditures for the quarter were $724 million, with 57 major projects underway across 35 markets [46] - Full-year revenue guidance was raised by $36 million, and adjusted EBITDA guidance was raised by $10 million due to strong bookings and favorable FX rates [48] Q&A Session Summary Question: Benefits of shifting to large campuses and impact on existing markets - Building fewer, larger campuses allows the company to secure power, optimize location, and offer a full spectrum of products to customers [56] - Economies of scale in design and construction improve efficiency and returns [58] Question: Pace of new capacity additions from the xScale joint venture - The company expects to introduce new capacity within 12-18 months, with Atlanta as the first site [92][93] - Long-lead items have already been ordered, and negotiations with power providers are underway [94] Question: Momentum in cabinet net additions and underlying drivers - Strong bookings, lower churn, and capacity openings in key metros drove a 3,100 increase in net billable cabinets [97] - The backlog of sold but uninstalled cabinets suggests continued strength into Q4 and early 2025 [97] Question: Adjustments to cabinet disclosure and impact on MRR per cabinet - The company adjusted cabinet capacity metrics to reflect higher power density, impacting net utilization but not revenue [101][102] - MRR per cabinet is measured on a cabinet-equivalent basis, accounting for varying power consumption [106] Question: Narrative shift towards xScale and AI training - xScale is seen as a multiplier for the core retail colocation business, enabling the company to serve a full spectrum of customer needs [108][113] - The program is expected to contribute significantly to AFFO as recurring fees from joint ventures grow [117][119] Question: Progression of pricing and presold capacity - Pricing remains robust, particularly in high-demand, capacity-constrained markets [126] - Approximately 20% of growth activity in the core business is presold, with xScale preleasing at 92% [129][130]

Equinix (EQIX) reported $2.2 billion in revenue for the quarter ended September 2024, representing a yearover-year increase of 6.8%. EPS of $9.05 for the same period compares to $2.93 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.2 billion, representing a surprise of -0.01%. The company delivered an EPS surprise of +4.02%, with the consensus EPS estimate being $8.70. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Equinix (EQIX) came out with quarterly funds from operations (FFO) of $9.05 per share, beating the Zacks Consensus Estimate of $8.70 per share. This compares to FFO of $8.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 4.02%. A quarter ago, it was expected that this data center operator would post FFO of $8.82 per share when it actually produced FFO of $9.22, delivering a surprise of 4.54%. Over the last four quarters, the comp ...