Equinix has announced a planned increase to its quarterly dividend, raising the payout by 8% starting in Q2 2026. This marks the tenth consecutive annual raise, bringing the annualized dividend to $7.50 per share. The hike reinforces management’s commitment to returning capital to shareholders and is expected to boost the REIT’s yield to approximately 2.8%, enhancing its appeal to income-oriented investors. Since 2021, Equinix shares have outperformed the data-center REIT peer group by over 15 percentage points, underscoring resilient investor demand despite lumpy execution on new markets.

Equinix has added 12,000 IBX cabinets globally in FY2025, a 14% increase year-over-year, driven by robust bookings from AI workloads. Average MMR (monthly recurring revenue) per cabinet rose 9% to $1,250, reflecting higher‐density deployments. The company has secured over 120 megawatts of new power capacity in Northern Virginia and Silicon Valley markets, and completed land acquisitions for three xScale campuses in key hyperscale hubs. These initiatives are central to Equinix’s strategy to capture a greater share of the fast-growing AI interconnection market, which Morgan Stanley estimates will grow at a 20% CAGR through 2028.

Equinix continues to maintain an investment-grade credit profile with net debt to adjusted EBITDA of 4.5x as of Q4 2025, down from 4.8x a year earlier. The company has $3.8 billion of liquidity available through revolving credit lines and undrawn term loan commitments, supporting ongoing power and land procurement. Management reiterated its guidance to achieve $50+ of AFFO per share by FY2029, requiring a 12% compound annual growth rate in normalized funds from operations. Driven by a pipeline of $4.2 billion in secured bookings and disciplined capital allocation, Equinix is on track to deliver this ambitious target while preserving financial flexibility.