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Equinix Inc. (EQIX)

Equinix runs data centres and, inside them, the connections between the companies that use them. It has been network-neutral since it started, meaning competing networks can meet in its buildings and exchange traffic, and the business is built on that neutrality. It was incorporated in Delaware in 1998 and operates as a REIT for federal income tax purposes.

Equinix Inc.

Equinix runs data centres and, inside them, the connections between the companies that use them. It has been network-neutral since it started, meaning competing networks can meet in its buildings and exchange traffic, and the business is built on that neutrality. It was incorporated in Delaware in 1998 and operates as a REIT for federal income tax purposes.

The footprint

280 data centres across 77 markets in 36 countries, spanning the Americas, Asia-Pacific, and Europe, the Middle East and Africa. Of those, 23 are xScale data centres, and two sites are held in unconsolidated joint ventures. The company has more than 10,500 customers, including over 2,000 network service providers, and has built more than 500,000 interconnections over its 27-year history.

Two kinds of building

IBX data centres are the carrier-neutral colocation sites, supplying space and power and, more to the point, access to the other companies already there: enterprises, networks, cloud and software-as-a-service providers and business partners can interconnect directly and securely with each other in the same building.

xScale data centres are a separate product aimed at a narrow group of hyperscale companies, including the largest cloud service providers, whose cloud and AI workloads need capacity at a different scale. They are developed and operated through joint venture partnerships rather than held outright, and they let a hyperscale customer add core capacity next to the access points it already has at Equinix.

The network effect it describes

The filing sets out a network effect. Customers choose Equinix for connectivity and reliability at the metro edge. Once they are there, it benefits their suppliers and business partners to put their own equipment in the same data centres and connect directly. That adjacency attracts further customers, which in turn makes the site more valuable to everyone already in it.

What it sells

Infrastructure offerings supply the components a customer needs to house its own IT equipment, along with managed platforms for cloud, storage, backup and firewall built on neutral technology.

Interconnection offerings connect businesses directly, securely and dynamically, within a data centre and between them across the global platform, and are typically billed on the outbound connections from a customer as recurring monthly revenue. Equinix Fabric is the software-defined, on-demand version: a customer can connect to thousands of networking, storage, compute and application providers, and can link the physical and virtual infrastructure it has already deployed in Equinix sites anywhere. Equinix Fabric Cloud Router extends that to connecting applications and data across different clouds over private connections.

The demand the company points to

The filing names five forces behind demand: the need for a provider that can meet requirements consistently across many geographies, as data sovereignty, security and latency rules push deployments to be local; the shift from linear value chains to hybrid architectures where enterprises assemble capabilities from many service providers; the need for secure, low-latency private interconnection for workflows such as digital payments, supply chain telemetry, smart manufacturing, telemedicine and AI inference; artificial intelligence specifically, where training, inference and model coordination require dense data exchange across cloud and edge environments; and environmental accountability, where high-density compute, AI-optimised cooling, grid-interactive systems and renewable integration are becoming part of how the infrastructure is judged.

On that last point, Equinix says it has assembled an ecosystem of AI model providers, data platforms, neoclouds and gateways to serve enterprise AI requirements.

From Equinix's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Equinix became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 28 October 2026
Revenue
$2.6 billion
+11.0% on the year · -2.1% on the quarter
Q4 FY2024Q3 FY2026
Net income
$489 million
+30.7% on the year · +2.1% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$4.93
+29.4% on the year · +2.1% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 11 February 2026
Revenue
$9.2 billion
+5.4% on the year
FY2018FY2025
Net income
$1.4 billion
+65.6% on the year
FY2018FY2025
Diluted EPS
$13.76
+61.9% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsEquinix (EQIX) reported revenue of $9.2 billion for fiscal 2025, the year ended 31 December 2025, up 5.4% on the year before. Net income was $1.4 billion and diluted earnings per share $13.76. Revenue was $8.7 billion in fiscal 2024, $8.2 billion in fiscal 2023, $7.3 billion in fiscal 2022 and $6.6 billion in fiscal 2021. Net income in the same years was $815 million, $969 million, $704 million and $500 million. Over the twelve months to 30 September 2026, Equinix reported revenue of $10.1 billion and net income of $1.6 billion. Revenue grew 9.0% a year, compounded, over the five years to fiscal 2025. Equinix declared $20.17 a share in dividends over the last four quarters and had 99 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Equinix was $100.2 billion, 60.8 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE11.3%
ROCE6.1%
Operating margin22.5%
Net margin16.4%
FCF margin-16.5%
Interest cover3.8x
Debt to equity1.57x
Cash conversion2.53x
Share count, last 12 months0.8%
Sales CAGR, 3 years8.3%
Profit CAGR, 3 years24.2%
EPS, TTM$16.65

At the close of 6 November 2026

Price$1,012.08
Market cap$100.2 billion
Stock P/E60.8x
Price to book6.9x
EV / EBITDA27.2x
Dividend yield2.0%
Market cap / sales10.0x
52-week high$1,115.94
52-week low$726.09
Price, 1 year23.5%
Price CAGR, 3 years10.1%
Price CAGR, 5 years5.3%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Equinix Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
EQIXgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023 †Q2 FY2023 †Q3 FY2023 †Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,7061,7341,8171,8411,8711,9982,0182,0612,1102,1272,1592,2012,2612,2252,2562,3162,4202,4442,6252,571
Cost of revenue9109169309359711,0061,0611,0691,0921,0911,0821,0981,1961,0841,0841,1421,1981,1861,2301,257
Gross profit7968198879069009929589921,0191,0361,0771,1031,0651,1411,1721,1741,2221,2581,3951,314
Gross margin47%47%49%49%48%50%47%48%48%49%50%50%47%51%52%51%50%51%53%51%
Operating income250267318333282384332380346364436425103458494474422577665600
Operating margin15%15%17%18%15%19%16%18%16%17%20%19%5%21%22%20%17%24%25%23%
Interest expense80.280.090.891.394.297.0100.0101103104110117126122135128142148151163
Pre-tax income1651802252461783142442962702773483500.0392405399312471523537
Tax rate25%18%4%14%27%18%15%7%16%17%14%15%n/a12%9%6%15%12%9%9%
Net income123147216212129259207276228231301297-14.0343368374265415479489
Net margin7%9%12%12%7%13%10%13%11%11%14%13%-1%15%16%16%11%17%18%19%
Diluted EPS$1.35$1.62$2.37$2.30$1.39$2.77$2.21$2.93$2.40$2.43$3.16$3.10-$0.14$3.50$3.75$3.81$2.69$4.20$4.83$4.93
Operating cash flow8925818028207606917417859995989127589818099441,0141,1447171,0671,243
Capital expenditure8174134855538285306386189967076487249877509891,1361,4361,2561,5781,558
Free cash flow74.7169317268-67.71621031683.0-10926434.0-6.059.0-45.0-122-292-539-511-315
Dividends paid259290283291288326320325403412405413413468460467461519510518
Shares outstanding91m91m91m93m93m94m94m94m94m95m95m96m97m98m98m98m98m99m99m99m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue7058831,1961,5661,8872,1532,4442,7263,6124,3685,0725,5625,9996,6367,2638,1888,7489,21710,060
Cost of revenue4154836528299441,0641,1981,2921,8212,1932,6052,8103,0743,4723,7524,2284,4674,5084,871
Gross profit2903995447379431,0881,2461,4341,7912,1752,4662,7522,9243,1633,5123,9604,2814,7095,189
Gross margin41.1%45.2%45.5%47.0%50.0%50.6%51.0%52.6%49.6%49.8%48.6%49.5%48.7%47.7%48.3%48.4%48.9%51.1%51.6%
Operating income73.31811943063934615095676198099771,1701,0531,1081,2011,4431,3281,8482,264
Operating margin10.4%20.5%16.2%19.5%20.8%21.4%20.8%20.8%17.1%18.5%19.3%21.0%17.6%16.7%16.5%17.6%15.2%20.0%22.5%
Interest expense61.774.2140181200249271299392479521480406336356402457527604
Pre-tax income20.310948.813018911284.72111602874336935166098291,1249751,5081,843
Income tax-87.639.612.637.358.616.234523.245.553.967.7185146109124155161160198
Effective tax rate-431.5%36.3%25.8%28.8%31.0%14.4%407.7%11.0%28.4%18.8%15.6%26.8%28.3%17.9%15.0%13.8%16.5%10.6%10.7%
Net income10869.436.994.814094.7-2601881272333655073705007049698151,3501,648
Net margin15.3%7.9%3.1%6.1%7.4%4.4%-10.6%6.9%3.5%5.3%7.2%9.1%6.2%7.5%9.7%11.8%9.3%14.6%16.4%
Diluted EPS$2.79$1.75$0.82$1.72$2.83$1.89-$4.96$3.21$1.79$3.00$4.56$5.99$4.18$5.53$7.67$10.31$8.50$13.76$16.65
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025, 4 years left out

Equinix runs its business by region, so its segments are regions.

FY2009FY2010FY2011FY2012FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Americas5357529961,1602,1732,4852,5882,7083,0223,3493,6173,8624,11144.6%
EMEA2282823584331,3461,5631,8061,9962,1552,3422,8382,9673,13034.0%
Asia-Pacific1191622163028491,0241,1681,2941,4591,5721,7331,9191,97621.4%
AmericasEMEAAsia-Pacific
883FY20091,570FY20114,368FY20175,562FY20196,636FY20218,188FY20239,217FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2009 to FY2012

The operating profit each segment reports. Costs Equinix does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2009FY2010FY2011FY2012Margin
FY2012
Americas12812020325922.3%
EMEA31.234.959.489.520.7%
Asia-Pacific21.738.742.552.617.4%
AmericasEMEAAsia-Pacific
181FY2009194FY2010305FY2011401FY2012

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2012Share of salesShare of profit
Americas61%65%
EMEA23%22%
Asia-Pacific16%13%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by product or service FY2011 to FY2025

FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Colocation1,1961,4341,6281,8242,0202,6473,1783,6704,0224,2594,6425,0835,7656,0586,47570.3%
Interconnection2242723203794425436818028941,0231,1621,2681,3951,5191,65518.0%
Non-recurring revenuesn/an/an/an/an/an/a2482953243414153924435644785.2%
Managed infrastructure68.288.197.410496.82102452802933373814154524674665.1%
Othern/an/an/an/an/a16.915.624.729.838.435.91051331401431.6%
Rental2.83.24.510.310.7n/an/an/an/an/an/an/an/an/an/an/a
Not assigned to a part in the filing73.990.3103126157195n/an/an/an/an/an/an/an/an/an/a
ColocationInterconnectionNon-recurring revenues FY2017 to FY2025Managed infrastructureOther FY2016 to FY2025Rental FY2011 to FY2015
1,492FY20112,050FY20132,569FY20154,368FY20175,562FY20196,636FY20218,188FY20239,217FY2025

$ million; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Not assigned to a part in the filing is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Cash flow

FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow2683553935886326057098951,0191,4391,8151,9932,3102,5472,9633,2173,2493,9114,171
Capital expenditure44737014.928.11,0995726608681,1131,3792,0962,0802,2832,7522,2782,7813,0664,3115,828
Free cash flow-179-14.1378560-46732.248.826.7-94.060.5-281-86.827.3-204685436183-400-1,657
Free cash flow margin-25.5%-1.6%31.6%35.7%-24.7%1.5%2.0%1.0%-2.6%1.4%-5.5%-1.6%0.5%-3.1%9.4%5.3%2.1%-4.3%-16.5%
Cash from investing-478-558-601-1,499-443-1,169-437-638-2,046-5,401-3,076-1,945-3,427-3,007-3,363-3,224-3,937-6,484-7,586
Cash from financing145324310749-22357587.81,873-8974,6084711,2028164148572111,7231,2723,658
Depreciation and amortisation1591742513343914334825268371,0421,2271,2851,4231,6561,7361,8452,0092,0502,178
Share-based compensation55.153.167.571.583.0103118132156176181237295364404408462498542
Buybacksn/an/an/a86.713.448.82980.00.0n/an/an/an/an/an/an/an/an/an/a
Dividends paidn/an/an/an/an/an/a83.35214996217398369481,0431,1511,3741,6431,8562,008
Dividend per sharen/an/an/an/an/an/an/a$17.71$7.00$8.00$9.12$9.84$10.64$11.48$12.40$14.49$17.04$18.76$20.17
Diluted shares, weighted42m40m45m48m52m50m52m58m71m78m80m85m88m90m92m94m96m98m99m
Shares outstanding at period endn/a39m46m47m49m50m56m62m71m79m81m85m89m91m93m94m97m98m99m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity9171,1821,8641,9362,3132,4592,2702,7454,3666,8507,2198,84110,63410,88211,50612,48913,52814,15614,537
Non-controlling interestn/an/an/an/an/an/an/an/an/an/a0.0-0.20.1-0.3-0.10.0-1.0-3.0-9.0
Debtn/a8941,7872,6972,4503,2733,5045,2465,3108,4709,89110,40110,63411,72212,88113,84115,33418,91222,839
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/a0.01,3161,3091,1071,2731,3311,3311,3041,231
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/a0.01,4311,7851,9902,1442,1222,0862,1872,196
Other liabilitiesn/a9627981,1521,3701,7602,0082,3662,9333,3713,1351,9782,6452,2182,5082,8672,8073,5853,651
Total liabilities and equityn/a3,0384,4485,7856,1337,4927,78210,35712,60818,69120,24523,96627,00727,91930,31132,65135,08540,14144,445
Owned
Fixed assetsn/a1,8082,6513,2263,9194,5924,9985,6067,1999,39511,02612,15314,50315,44616,65018,60119,24923,58426,282
Goodwilln/a3817748661,0431,0421,0021,0632,9864,4124,8364,7825,4735,3725,6545,7375,5045,9845,874
Intangible assetsn/a51.01511492021841482257192,3852,3332,1022,1711,9351,8981,7051,4171,3161,146
Investmentsn/a25815079829476853017.513.537.54.510.44.50.0n/a0.05271,5001,235
Trading assetsn/an/an/an/an/an/an/an/an/a37.54.5n/an/an/an/an/an/an/an/a
Cash and equivalents2203464432792522626112,2297481,4136061,8701,6051,5361,9062,0963,0811,7272,362
Receivablesn/a64.81161391641852632923965766306896776828551,0049491,0011,203
Other assetsn/a1291633292594592319245464368042,3602,5742,9473,3483,5084,3585,0296,343
Total assetsn/a3,0384,4485,7856,1337,4927,78210,35712,60818,69120,24523,96627,00727,91930,31132,65135,08540,14144,445
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded13.0%9.0%8.3%11.1%
Profit growth, compounded21.8%29.6%24.2%53.9%
Return on equity, average5.5%6.8%7.8%9.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Equinix's revenue in fiscal 2025?

Equinix (EQIX) reported revenue of $9.2 billion for fiscal 2025, the year ended 31 December 2025, up 5.4% on the year before.

How much did Equinix earn in fiscal 2025?

Net income was $1.4 billion for fiscal 2025, and diluted earnings per share $13.76.

What is Equinix's P/E ratio?

At the close of 6 November 2026, Equinix traded at 60.8 times its earnings over the twelve months to 30 September 2026.

What is Equinix's market cap?

The market cap of Equinix was $100.2 billion at the close of 6 November 2026.

Does Equinix pay a dividend?

Yes. Equinix declared $20.17 a share in dividends over the four quarters to 30 September 2026.

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Digital Realty Trust, Inc. DLR$65.3 billion72.893.3%16.2%20.0%0.69n/a
Public Storage PSA$63.1 billion35.3413.1%34.5%5.2%0.843.6%
Realty Income Corp. O$56.2 billion40.723.4%20.5%10.8%0.795.5%
Ventas, Inc. VTR$46.9 billion167.461.7%3.2%22.1%0.792.3%
Crown Castle Inc. CCI$37.7 billion46.63n/a47.1%-15.7%n/a4.8%
Extra Space Storage Inc. EXR$33.2 billion32.358.1%43.8%4.1%1.044.1%
Iron Mountain Inc. IRM$31.7 billion69.58n/a19.5%17.5%n/a3.2%
All 181 in Trading
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Morgan Stanley MS$284.0 billion14.4017.5%n/a16.2%3.322.3%
Goldman Sachs Group Inc. GS$249.8 billion12.4417.7%n/a18.7%3.562.1%
BlackRock, Inc. BLK$182.3 billion26.8111.9%32.5%24.7%0.221.9%
Welltower Inc. WELL$179.3 billion106.063.4%-1.9%39.2%0.401.3%
Charles Schwab Corp. SCHW$157.9 billion15.6120.7%n/a18.1%0.461.3%
Prologis, Inc. PLD$120.7 billion28.037.6%54.8%7.2%0.663.3%
CME Group Inc. CME$109.7 billion25.1016.8%65.7%9.0%0.133.7%
Equinix Inc. EQIX$100.2 billion60.7911.3%22.5%11.1%1.572.0%
Intercontinental Exchange, Inc. ICE$96.1 billion23.5013.9%40.6%12.1%0.781.2%
Blackstone Inc. BX$90.8 billion26.5640.2%47.9%22.1%1.533.9%
American Tower Corp. AMT$87.7 billion26.6394.2%44.8%5.3%10.693.7%
KKR & Co. Inc. KKR$86.6 billion30.7210.2%n/a31.1%1.720.8%
Brookfield Asset Management Ltd. BAM$84.6 billionn/an/a58.6%31.9%0.38n/a
Simon Property Group Inc. SPG$73.9 billion16.48110.4%45.9%16.2%6.963.9%
Robinhood Markets, Inc. HOOD$72.9 billion37.2919.7%45.7%20.9%0.26n/a
Apollo Global Management, Inc. APO$69.0 billionn/a-5.8%9.8%12.2%0.921.8%
Digital Realty Trust, Inc. DLR$65.3 billion72.893.3%16.2%20.0%0.69n/a
Public Storage PSA$63.1 billion35.3413.1%34.5%5.2%0.843.6%
Nasdaq, Inc. NDAQ$59.8 billion29.2717.4%29.7%11.9%0.731.1%
Realty Income Corp. O$56.2 billion40.723.4%20.5%10.8%0.795.5%
Ventas, Inc. VTR$46.9 billion167.461.7%3.2%22.1%0.792.3%
Ameriprise Financial Inc. AMP$43.6 billion11.2981.4%26.8%10.0%1.17n/a
Ares Management Corp. ARES$42.0 billionn/a11.3%17.7%7.6%2.033.9%
Crown Castle Inc. CCI$37.7 billion46.63n/a47.1%-15.7%n/a4.8%
Cboe Global Markets, Inc. CBOE$36.8 billion25.1125.0%36.4%14.3%0.240.9%
Interactive Brokers Group, Inc. IBKR$34.4 billion29.1618.9%n/a19.7%n/a0.4%
Extra Space Storage Inc. EXR$33.2 billion32.358.1%43.8%4.1%1.044.1%
Iron Mountain Inc. IRM$31.7 billion69.58n/a19.5%17.5%n/a3.2%
Raymond James Financial Inc. RJF$31.3 billion14.1918.2%n/a10.5%0.071.3%
Tradeweb Markets Inc. TW$29.7 billion29.9913.7%44.1%14.4%0.000.4%
Nomura Holdings Inc. NMR *$27.3 billion12.459.8%n/a14.0%n/a4.4%
Vici Properties Inc. VICI$27.3 billion11.378.1%n/a4.7%0.587.3%
Vivmark Residential VMRK$24.6 billion28.488.3%28.2%2.8%0.794.3%
T. Rowe Price Group, Inc. TROW$23.1 billion10.9619.2%32.0%6.9%0.004.8%
LPL Financial Holdings Inc. LPLA$23.0 billion16.9524.0%9.2%31.0%1.340.4%
Royal Gold Inc. RGLD$22.5 billion26.7910.8%62.0%105.2%0.020.7%
Pershing Square Inc. PS$20.6 billionn/a-9.0%0.2%n/a0.21n/a
SBA Communications Corp. SBAC$19.8 billion20.45n/a47.7%2.3%n/a2.6%
Texas Pacific Land Corp. TPL$18.8 billion32.0032.6%75.5%25.3%0.000.9%
TPG Inc. TPG$17.9 billion59.186.8%n/a18.8%0.574.8%
Essex Property Trust, Inc. ESS$17.5 billion50.556.6%29.5%4.5%1.253.8%
Franklin Templeton Inc. BEN$17.1 billion22.976.9%9.7%7.9%0.203.9%
Kimco Realty Corp. KIM$17.0 billion23.847.4%40.1%3.5%0.834.2%
Host Hotels & Resorts, Inc. HST$16.9 billion17.9814.8%14.8%5.0%0.806.1%
Lamar Advertising Co. LAMR$15.8 billion27.5155.8%32.1%5.1%3.394.3%
Blue OWL Capital Inc. OWL$15.4 billion70.144.9%-105.8%119.9%1.898.7%
Weyerhaeuser Co. WY$15.1 billion33.294.8%11.7%-1.1%0.574.0%
W. P. Carey Inc. WPC$15.0 billion22.437.4%43.8%9.0%1.005.7%
Annaly Capital Management Inc. NLY$14.7 billion13.117.1%n/a28.4%2.4314.9%
Omega Healthcare Investors Inc. OHI$14.6 billion19.3613.8%73.4%14.0%0.735.6%
Sun Communities Inc. SUI$14.4 billionn/a-14.7%4.2%2.9%0.723.7%
Carlyle Group Inc. CG$14.0 billion42.225.4%16.6%-7.6%0.463.5%
Healthpeak Properties, Inc. DOC$14.0 billion37.564.8%4.0%9.4%1.196.0%
Mid-America Apartment Communities, Inc. MAA$13.8 billion36.057.3%n/a1.0%1.105.1%
Regency Centers Corp. REG$13.7 billion26.747.7%72.0%8.4%0.724.0%
American Healthcare REIT, Inc. AHR$13.4 billion118.201.7%20.2%21.5%0.251.7%
SEI Investments Co. SEIC$12.5 billion18.3128.3%29.4%12.8%0.011.0%
Equity Lifestyle Properties Inc. ELS$12.2 billion31.0123.1%26.1%3.2%1.893.4%
Invesco Ltd. IVZ$11.9 billionn/a-2.5%-4.5%13.7%0.103.1%
Udr, Inc. UDR$11.7 billion17.2522.3%52.2%0.6%1.844.7%
American Homes 4 Rent AMH$11.7 billion26.916.7%15.2%3.5%0.773.9%
Stifel Financial Corp. SF$11.4 billion12.2816.1%n/a10.9%0.101.8%
Gaming & Leisure Properties, Inc. GLPI$11.3 billion11.8918.9%79.1%7.3%1.638.2%
Freedom Holding Corp. FRHC$11.0 billionn/an/an/an/an/an/a
Jefferies Financial Group Inc. JEF$10.9 billionn/a8.3%n/a17.7%1.723.4%
Evercore Inc. EVR$10.8 billion15.6339.2%21.3%36.6%0.281.2%
Eastgroup Properties Inc. EGP$10.4 billion32.848.9%40.8%10.4%0.513.3%
Bxp, Inc. BXP$10.4 billion19.4710.3%29.2%2.7%3.204.3%
Houlihan Lokey, Inc. HLI$10.1 billion24.4617.5%20.3%-0.4%0.001.8%
CubeSmart CUBE$10.1 billion29.8114.0%40.8%3.3%1.434.7%
Camden Property Trust CPT$10.0 billion9.2824.6%n/a-1.0%0.934.2%
Janus Living, Inc. JAN$9.9 billionn/a0.2%n/an/a0.00n/a
CareTrust REIT, Inc. CTRE$9.8 billion24.046.8%54.6%43.6%0.393.9%
Federal Realty Investment Trust FRT$9.7 billion22.5313.6%47.7%7.8%1.504.0%
Affiliated Managers Group, Inc. AMG$9.4 billion12.5628.2%15.1%11.8%0.990.0%
Brixmor Property Group Inc. BRX$9.2 billion21.9114.1%n/a5.7%1.764.1%
Ryman Hospitality Properties, Inc. RHP$9.1 billion31.8920.2%19.6%12.9%3.403.6%
Agree Realty Corp. ADC$9.1 billion36.033.5%48.9%17.7%0.543.8%
Morningstar, Inc. MORN$9.1 billion21.3343.4%24.5%9.4%1.640.8%
Lineage, Inc. LINE$8.9 billionn/a-2.1%3.6%1.0%0.795.4%
Virtu Financial, Inc. VIRT$8.4 billion7.9231.1%32.4%26.1%2.381.8%
Rexford Industrial Realty, Inc. REXR$8.1 billionn/a-6.4%39.8%-2.0%0.394.6%
NNN REIT, Inc. NNN$8.0 billion19.598.7%62.9%7.3%1.105.9%
Alexandria Real Estate Equities, Inc. ARE$7.8 billionn/a-9.7%-85.8%-9.9%0.876.4%
Victory Capital Holdings, Inc. VCTR$7.4 billion21.9218.8%40.4%36.9%0.401.6%
InterDigital, Inc. IDCC$7.4 billion31.4625.2%45.1%-12.0%0.251.0%
First Industrial Realty Trust Inc. FR$7.1 billion19.9912.9%41.6%8.5%0.963.6%
Stag Industrial, Inc. STAG$7.1 billion25.967.4%37.7%9.3%0.944.2%
Macerich Co. MAC$7.1 billionn/a-3.6%-12.0%-1.3%1.902.7%
Vornado Realty Trust VNO$6.7 billionn/a0.2%n/a1.6%1.272.1%
Healthcare Realty Trust Inc. HR$6.5 billionn/a-1.1%n/a-5.8%1.045.0%
StoneX Group Inc. SNEX$6.5 billion9.3918.5%n/a48.7%6.97n/a
Rayonier Inc. RYN$6.4 billion37.143.0%12.0%24.1%0.354.9%
Essential Properties Realty Trust, Inc. EPRT$6.2 billion22.745.8%60.6%20.4%0.664.5%
Dolby Laboratories, Inc. DLB$6.1 billion27.598.8%17.7%0.6%0.002.2%
Marketaxess Holdings Inc. MKTX$5.8 billion20.2722.9%39.1%3.9%0.071.9%
StepStone Group Inc. STEP$5.7 billionn/an/a-58.2%48.5%n/a3.1%
SSR Mining Inc. SSRM$5.7 billion24.067.7%40.9%39.4%0.00n/a
Sabra Health Care REIT, Inc. SBRA$5.5 billion75.042.5%n/a23.4%0.865.7%
Outfront Media Inc. OUT$5.4 billion21.0936.6%20.7%9.1%3.594.0%
Galaxy Digital Inc. GLXY$5.3 billionn/a-18.5%-2.3%66.0%1.55n/a
Phillips Edison & Company, Inc. PECO$5.2 billion28.157.5%n/a7.0%1.055.6%
Rithm Capital Corp. RITM$5.2 billionn/an/an/an/a3.5010.8%
Kite Realty Group Trust KRG$5.0 billion15.7112.4%17.4%-7.3%1.024.6%
Hamilton Lane Inc. HLNE$5.0 billion13.2628.2%43.7%18.9%0.27n/a
BGC Group, Inc. BGC$5.0 billion25.5718.0%4.7%27.6%1.600.8%
HA Sustainable Infrastructure Capital, Inc. HASI$5.0 billion40.525.5%n/a22.6%2.364.4%
Cousins Properties Inc. CUZ$4.9 billion328.830.3%68.3%8.5%0.804.3%
Federated Hermes, Inc. FHI$4.7 billion11.5732.5%27.8%13.2%0.272.2%
Howard Hughes Holdings Inc. HHH$4.6 billion30.714.3%18.1%42.8%1.44n/a
Americold Realty Trust COLD$4.6 billion19.307.9%15.1%1.3%1.035.7%
EPR Properties EPR$4.6 billion16.8112.7%59.0%7.3%1.436.1%
Apple Hospitality REIT, Inc. APLE$4.5 billion23.905.9%18.3%3.2%0.475.1%
Tanger Inc. SKT$4.4 billionn/an/an/an/a2.44n/a
Piper Sandler Companies PIPR$4.4 billion15.5321.9%n/a21.1%n/a3.0%
Starwood Property Trust, Inc. STWD$4.4 billionn/a-4.0%-12.7%14.4%3.4015.9%
Lazard, Inc. LAZ$4.2 billion23.2219.5%8.1%9.2%1.785.2%
Kilroy Realty Corp. KRC$4.2 billion149.250.6%n/a-3.6%0.846.0%
Cohen & Steers, Inc. CNS$3.8 billion22.4627.8%32.4%8.6%0.003.6%
Copt Defense Properties CDP$3.7 billion22.2111.0%30.2%7.2%1.673.8%
PJT Partners Inc. PJT$3.7 billion21.2552.5%20.5%10.2%0.000.7%
LXP Industrial Trust LXP$3.6 billion31.545.9%n/a-3.5%0.664.5%
SL Green Realty Corp. SLG$3.6 billionn/a-3.7%61.7%9.7%1.255.2%
Independence Realty Trust, Inc. IRT$3.5 billion57.651.8%16.6%3.1%0.724.7%
Highwoods Properties, Inc. HIW$3.5 billion18.747.8%67.2%5.4%1.486.4%
Miami International Holdings, Inc. MIAX$3.4 billion12.7724.3%10.9%n/a0.00n/a
National Health Investors Inc. NHI$3.4 billion20.5910.6%n/a23.9%0.815.2%
Broadstone Net Lease, Inc. BNL$3.4 billion23.045.1%46.0%8.0%1.016.7%
Acadian Asset Management Inc. AAMI$3.2 billion26.66n/a25.5%27.9%n/a0.3%
Artisan Partners Asset Management Inc. APAM$3.2 billion9.1669.7%33.4%8.7%0.438.1%
WisdomTree, Inc. WT$2.9 billion27.4424.8%39.9%45.2%2.380.6%
DiamondRock Hospitality Co. DRH$2.9 billion17.7710.7%16.6%2.1%0.712.9%
Acadia Realty Trust AKR$2.7 billion70.732.0%53.3%-0.3%0.784.0%
Four Corners Property Trust, Inc. FCPT$2.6 billion21.497.3%n/a10.2%0.966.3%
CoreCivic, Inc. CXW$2.5 billion1.8563.5%9.9%26.9%0.28n/a
InvenTrust Properties Corp. IVT$2.5 billion85.221.6%-7.7%12.6%0.583.1%
LTC Properties Inc. LTC$2.5 billion4.7030.8%58.5%70.4%0.605.1%
Netstreit Corp. NTST$2.4 billion85.411.1%32.5%27.1%0.604.7%
Pebblebrook Hotel Trust PEB$2.4 billionn/a-2.9%3.1%2.8%0.890.2%
SmartStop Self Storage REIT, Inc. SMA$2.2 billion67.122.9%22.9%20.7%1.00n/a
RLJ Lodging Trust RLJ$1.9 billion121.901.7%10.0%4.1%1.034.8%
Douglas Emmett Inc. DEI$1.7 billionn/a-1.1%18.8%1.8%3.147.5%
Diversified Healthcare Trust DHC$1.7 billionn/a-9.9%-2.3%-3.8%1.600.6%
Global Net Lease, Inc. GNL$1.5 billionn/a-3.4%37.9%-21.8%1.7811.0%
CBL & Associates Properties Inc. CBL$1.5 billion6.8150.8%27.2%9.0%4.76n/a
American Assets Trust, Inc. AAT$1.3 billion61.541.9%23.6%1.1%1.526.3%
Alexanders Inc. ALX$1.3 billion6.7883.9%n/a8.2%3.677.1%
UMH Properties, Inc. UMH$1.3 billion298.400.5%n/a8.5%0.976.0%
Digital Turbine, Inc. APPS$1.3 billionn/a-18.3%10.3%19.2%1.85n/a
Medical Properties Trust Inc. MPT$1.1 billion4.405.4%3.7%10.5%2.0019.9%
Easterly Government Properties, Inc. DEA$1.1 billion77.521.1%23.9%11.4%1.288.0%
Ridgepost Capital, Inc. RPC$1.1 billion31.326.8%27.2%8.2%0.921.5%
Oppenheimer Holdings Inc. OPY$974 million12.238.7%7.2%13.9%n/a0.8%
Centerspace CSR$964 million10.7311.5%56.1%-6.0%1.025.4%
Orchid Island Capital, Inc. ORC$960 million98.60-0.5%95.7%74.8%9.2126.8%
Empire State Realty Trust, Inc. ESRT$918 million265.250.3%-4.4%2.0%2.142.6%
Abacus Global Management, Inc. ABX$852 million32.526.5%31.8%65.3%0.76n/a
Virtus Investment Partners, Inc. VRTS$846 million7.2812.7%15.7%-7.2%0.447.5%
CTO Realty Growth, Inc. CTO$783 million17.726.5%37.5%15.9%1.05n/a
Summit Hotel Properties, Inc. INN$755 millionn/a-2.5%9.9%2.4%1.654.6%
Safehold Inc. SAFE$749 million6.584.7%24.9%16.5%1.956.7%
Postal Realty Trust, Inc. PSTL$742 million38.904.7%38.2%22.3%0.944.4%
JBG Smith Properties JBGS$739 millionn/a-20.4%0.8%3.0%2.545.6%
Chatham Lodging Trust CLDT$722 million96.882.2%13.4%3.8%0.562.5%
Saul Centers, Inc. BFS$709 million31.0411.6%66.7%9.2%5.588.3%
PennyMac Mortgage Investment Trust PMT$685 million17.094.6%22.3%-11.5%1.7920.4%
Service Properties Trust SVC$674 million14.03-65.1%-6.1%-15.6%6.352.9%
Chimera Investment Corp. CIM$613 millionn/a-7.9%n/a12.4%4.0923.5%
Brandywine Realty Trust BDN$553 millionn/a-21.5%19.0%3.5%3.739.8%
Universal Health Realty Income Trust UHT$544 million26.9914.5%35.9%-0.0%2.847.6%
TPG RE Finance Trust, Inc. TRTX$512 million17.314.4%n/a-2.4%4.1014.2%
Franklin BSP Realty Trust, Inc. FBRT$470 millionn/a1.4%n/a16.4%2.9215.4%
One Liberty Properties Inc. OLP$446 million18.668.6%48.3%10.7%1.838.5%
BrightSpire Capital, Inc. BRSP$416 million23.862.2%27.0%2.5%2.9819.2%
NexPoint Residential Trust, Inc. NXRT$415 millionn/a-16.6%10.6%0.7%7.2413.0%
Industrial Logistics Properties Trust ILPT$397 millionn/a-14.9%33.7%3.5%9.854.2%
Farmland Partners Inc. FPI$369 million55.002.3%12.4%-5.6%0.5615.8%
Arbor Realty Trust Inc. ABR$299 millionn/a-4.2%n/a-12.9%4.4158.6%
Apollo Commercial Real Estate Finance, Inc. ARI$297 million2.9010.5%35.1%-14.7%n/a43.1%
Mesabi Trust MSB$226 million34.8836.9%n/a-87.6%0.00n/a
North European Oil Royalty Trust NRT$65 millionn/an/an/an/an/an/a
115 companies share its SEC industry code (Real Estate Investment Trusts); the rest are the names nearest in size in its wider industry, Trading, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on EQIX

Dividends$20.17 a share over the four quarters to 30 September 2026, a 1.99% yield
Filings29 in twelve months: 20 current reports (8-K), about 7 other events; 6 officer or director change; 4 results of operations; 2 regulation FD disclosure; 1 material agreement
Planned insider sales59 Form 144 notices in twelve months, $61.1 million; latest 6 November 2026
Options tapeput/call 2.86 by open interest at the 6 November 2026 close; the straddle prices a 6.2% move to 20 November 2026
13F holders1,368 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading382 sales and 0 purchases on Form 4 in twelve months
Congress3 House trades disclosed in six months
Short interest1.6 million shares short, 3.71 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202628 October 2026EDGAR
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202511 February 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202412 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 20247 August 2024EDGAR

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