Data Center REIT Equinix Looks for More Benefits from Cloud Computing

Charles Meyers, chief operating officer of Equinix, Inc. (Nasdaq: EQIX), joined for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Meyers commented on the outlook for cloud computing.

“The cloud phenomenon is a significant and durable source of incremental demand for the data center sector broadly – and Equinix specifically,” he said.


Equinix to Buy Verizon Data Centers for $3.6 Billion

Data center REIT Equinix, Inc. (Nasdaq: EQIX) said Dec. 6 it has agreed to buy a portfolio of 24 data center sites from telecommunications company Verizon Communications Inc. for $ 3.6 billion in an all-cash transaction.

The 24 sites consist of 29 data center buildings across 15 metro markets in the United States and Latin America.

In a conference call, Steve Smith, president and CEO of Equinix, said the deal “positions us to continue to attract global data center demand.”


Equinix Adjusting to Life as a REIT

Steve Smith, president and CEO of Equinix, Inc. (NASDAQ: EQIX), joined for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Equinix, which owns data centers around the world, became a REIT at the start of 2015 after waiting 31 months to receive a favorable private letter ruling from the Internal Revenue Service to allow for the conversion. Smith described some of the biggest changes for the company, including the transformation of its investor base.

Steve Smith