Equinix To Join The FTSE NAREIT US Real Estate Index Series
FTSE NAREIT Indices represent trends in eligible U.S. real estate equities.
Equinix, Inc. has announced that the company has been added to the FTSE NAREIT US Real Estate Index Series, including the FTSE NAREIT Equity REITs Index, FTSE NAREIT All Equity REITs Index, FTSE NAREIT Composite Index, and FTSE NAREIT Diversified Property Sector, effective with the market open on Monday, March 23, 2015.
"Our conversion to a REIT on January 1st 2015 expands the universe of potential investors, and many of the characteristics that our traditional investor base find attractive translate well into the REIT domain, including our unique portfolio of assets, healthy stabilized asset growth and long history of success with new development," said Steve Smith, CEO for Equinix. "We are very pleased to join this index series, and 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."
The FTSE NAREIT US Real Estate Index Series is designed to represent general trends in eligible real estate equities. Relevant activities are defined as the ownership, disposal and development of income-producing real estate.