Equinix to Join the FTSE NAREIT US Real Estate Index Series
FTSE NAREIT Indices represent trends in eligible US real estate equities
REDWOOD CITY, Calif., March 13, 2015 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today 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. For more information, please visit http://www.ftse.com/products/home
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 33 markets worldwide, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. http://www.equinix.com/.
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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SOURCE Equinix, Inc.
Released March 13, 2015