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    EQIX   US29444U7000

EQUINIX, INC.

(EQIX)
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Equinix, PGIM Real Estate in JV for Data Center Program in Australia

10/18/2021 | 05:37pm EST

By Stephen Nakrosis

Equinix Inc. and PGIM Real Estate on Monday said they would form a joint venture to develop and operate two xScale data centers in Sydney, Australia.

The companies said the $575 million JV would take the form of a limited liability partnership.

The facilities involved in the joint venture, SY9x and SY10x, are expected to provide over 55 megawatts of power capacity, the companies said, adding SY9x is expected to open in the first quarter of next year.

Equinix said when combined with its existing hyperscale JVs in Europe, Asia-Pacific and the Americas, the new JV will "bring the global xScale data center portfolio to more than $7.5 billion across 34 facilities."

PGIM Real Estate is the real estate investment and financing arm of Prudential Financial's global asset management business.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

10-18-21 1736ET

Stocks mentioned in the article
ChangeLast1st jan.
EQUINIX, INC. -0.47% 793.84 Delayed Quote.11.15%
PRUDENTIAL FINANCIAL, INC. -3.87% 105.1 Delayed Quote.34.62%
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Analyst Recommendations on EQUINIX, INC.
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Financials (USD)
Sales 2021 6 634 M - -
Net income 2021 506 M - -
Net Debt 2021 12 911 M - -
P/E ratio 2021 142x
Yield 2021 1,45%
Capitalization 71 478 M 71 478 M -
EV / Sales 2021 12,7x
EV / Sales 2022 11,9x
Nbr of Employees 10 013
Free-Float 99,3%
Chart EQUINIX, INC.
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Equinix, Inc. Technical Analysis Chart | EQIX | US29444U7000 | MarketScreener
Technical analysis trends EQUINIX, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 793,84 $
Average target price 874,14 $
Spread / Average Target 10,1%
EPS Revisions
Managers and Directors
Charles J. Meyers President, Chief Executive Officer & Director
Keith D. Taylor Chief Financial Officer
Peter F. van Camp Executive Chairman
Milind Wagle Chief Information Officer
Joubine Dustzadeh Chief Technology Officer
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