We’ve seen a string of positive developments in recent weeks that underscore our growth, significance and impact as a company. These include the addition of Equinix to the S&P 500 and FTSE NAREIT indexes, and the recent initiation of coverage by Goldman Sachs. We believe this is a testament to our global platform and unique interconnection value that we provide to our customers, which translates into shareholder value for our shareholders.
The FTSE NAREIT U.S. Real Estate Index Series represents general trends in real estate equities for eligible companies, which includes U.S. real estate investment trusts (REITs). Equinix became a REIT at the start of 2015.
CEO Steve Smith commented on Equinix joining the FTSE NAREIT, saying we “look forward to continued progress against our goals of maximizing total shareholder return, driving top-line growth, growing cash dividends, and continuing to invest in our development activities to enhance value delivered to our customers.”
A week after the FTSE NAREIT news, Equinix was added to the S&P 500 Index. Equinix officially took its place on the S&P 500 at the close of trading on March 20, 2015, and debuted during active trading the following Monday.
Steve Smith called the S&P 500 selection an outstanding accomplishment that reflected the unique role that Equinix plays in the broader technology and distributed infrastructure industries.
He added that Equinix’s global interconnection leadership has put us in squarely in the middle of several evolving industry trends, including mobile, cloud computing and the Internet of Things, and that helped us grow the company’s revenues by 14% year-over-year in 2014. Each of the trends mentioned is requiring businesses to adapt, as these trends can only be fully exploited with instant, secure interconnection between different parties in dense business ecosystems.
Finally, Goldman Sachs recently launched coverage of Equinix, and now 22 equity research analysts cover our stock, providing a variety of insights and analysis about our company.
All the attention has contributed to greater awareness of Equinix in the news. After our S&P 500 selection was announced, CNBC’s “Mad Money” host Jim Cramer opined that “beating the S&P 500 is getting harder because the index is always upgrading itself by replacing losing and acquired stocks with rising stars that investors need to watch.”
The interconnection we provide is in increasing demand, and it’s an honor to see more people and institutions around the globe looking to us as leaders in this important era of the digital economy. Learn more about us on the Equinix website.