Equity REITs: Takeaways From REITWeek 2024

EQIX's core business, interconnected data centers, is experiencing organic growth of 5-6% annually as it has been for years, but has yet to benefit from AI as the early deployments of AI have been in large data center developments with hyperscalers (e.g., Alphabet, Microsoft, Amazon). EQIX is capturing this through their x-scale joint ventures, where the company brings in an 80% capital partner. Similar to the early cloud deployments, the company believes that AI leasing will eventually reach the interconne ...