Equinix is one of the largest REITs by market cap and commands a steep valuation for its stock price. It is currently trading around $710 per share at the time of this writing, and has a market cap of just over $63 billion USD. Aside from stability, what is the best thing about REITs? The dividend! REITs legally need to pay out a certain amount of revenues as dividends so many of them actually pay very high yields and often pay dividends out on a monthly basis! Let’s take a look at how Equinix will hold up as a long-term investment.
Final Verdict on Equinix : Equinix is a REIT play on data centers around the world and is at the crossroads of big data and the global transition of enterprise to the cloud. As of 2021, Equinix owns 106 of the 227 data centers it manages 86% of the leased ones are renewed through at least 2035. Management raised the dividend once again last quarter, something investors will love to hear that Equinix is dedicated to moving forward. If you can afford to, Equinix makes for a steady income producer in your portfolio.