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Stocks/Real Estate/Data Center REITs

EquinixEQIX

Data Center REITs · Redwood City, California · In the S&P 500
Solid businessPricier than peers
$1,013.70−2.22%After hours: $1,013.70 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 27.1% over 1 year
Equinix over 1 yearDaily close, $, to 30 Oct 2026
$800Nov2026MarMayJulSep$1,014$800NovMarJul$1,014
Source: Nasdaq daily closes
Market value$100B
Price to earnings60.9x
Forward P/E57.0x
Dividend yield2.04%
Year to date+32.3%
One year+27.1%
Next earningsNot scheduled
SectorReal Estate
52-week range (closes)
$726.09$1,115.94

Quality and valuation

How Equinix compares with other real estate stocks. A description, not a recommendation.

Equinix and 7 data center reits peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among real estate companies, priced above most of them.

Equinix trades at 57.0 times the next 12 months of expected earnings, against a median of 35.1x for the 30 real estate stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +11.1% vs +5.5%
  • Less profitable (operating margin): 22.5% vs 37.2%
EQIX trades at 57.0x forward earnings, above the sector medianForward p/e, Data Center REITs peers
AMT27.8xSPG31.4xPSA33.0xO34.7xPLD40.2xEQIX57.0xDLR76.9xWELL82.7xSector median 35.1xAMT27.8xSPG31.4xPSA33.0xO34.7xPLD40.2xEQIX57.0xDLR76.9xWELL82.7xSector median 35.1x
Source: CNBC quotes; Mostly Markets
At 60.9x earnings, EQIX is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
80x100xAverage 78.4x2025202660.9x80x100xAverage 78.4x2025202660.9x
Source: Nasdaq prices; SEC filings

Financials

From Equinix's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 11.0% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$1bn$2bnQ4 ’24Q2 ’25Q4 ’25$2.6bnQ3 ’26$0bn$1bn$2bnQ4 ’24Q2 ’25Q4 ’25$2.6bnQ3 ’26
Source: SEC filings
Growth slowed to +11.0% last quarterRevenue growth, year on year, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’2511.0%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’2511.0%Q3 ’26
Source: SEC filings
Operating margin was 23.3% last quarterOperating income as a share of revenue, %
0%10%20%Q4 ’24Q2 ’25Q4 ’2523.3%Q3 ’260%10%20%Q4 ’24Q2 ’25Q4 ’2523.3%Q3 ’26
Source: SEC filings
Free cash flow by quarterQuarterly free cash flow (operating cash flow minus capex), $m
−$400m−$200m$0mQ4 ’24Q2 ’25Q4 ’25−$400m−$200m$0mQ4 ’24Q2 ’25Q4 ’25
Source: SEC filings
Last 12 monthsEQIXSector median
Revenue growth+11.1%+5.5%
Operating margin22.5%37.2%
Price to earnings60.9x30.3x

Stories on Equinix

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Similar companies

Data Center REITs, by market value.

CompanyPriceTodayYTDValue
WELLWelltower$234.60+0.61%+26.4%$172B
PLDPrologis$127.98−0.03%+0.3%$122B
AMTAmerican Tower$187.78+1.02%+7.0%$87.09B
SPGSimon Property Group$217.75+0.94%+17.6%$70.45B
DLRDigital Realty$180.70−1.21%+16.8%$67.04B
PSAPublic Storage$324.77+2.43%+25.2%$60.68B
ORealty Income$56.930.00%+1.0%$53.87B
VMRKVivmark Residential$61.90+0.24%−1.8%$47.90B