Equinix To Join The MSCI US REIT Index
Global interconnection and data center company to be largest data center REIT on index.
Equinix, Inc. has announced that it has been added to the MSCI US REIT Index (RMS/RMZ), as the largest data center REIT. This will take effect after the close of trading on Monday, August 31, 2015. Following the addition there will be a total of 144 REITs included in the RMS/RMZ.
"Equinix joining the MSCI US REIT Index represents another significant milestone for the company since becoming a REIT on January 1," said Steve Smith, CEO and president, Equinix. "Equinix plays a pivotal role in supporting many of the trends pushing forward the digital economy by providing the underlying infrastructure that powers the Internet. This unique position has enabled us to deliver fifty quarters of consecutive growth and continued shareholder value."
The MSCI US REIT Index is a free float-adjusted market capitalization index that is comprised of equity REITs. The index is based on MSCI USA Investable Market Index (IMI) its parent index which captures large, mid and small caps securities. With 143 constituents, it represents about 99% of the US REIT universe and securities are classified in the REIT sector according to the Global Industry Classification Standard (GICS®).