Digital Realty Trust: Soaring Price, Stagnating Fundamentals, And Magic

MoMo Productions/DigitalVision via Getty Images Snark alert! We recently published a big piece on Equinix, Inc. (EQIX). In that article, I determined Hindenburg’s accusations regarding maintenance capital expenditures were mostly on point. I'm not optimistic about EQIX, either, given their high multiple (even before adjusting recurring capital expenditures). As part of my research, I ran a review of maintenance capital expenditures across several types of equity REITs. Based on that review, I determined ...