AI DemandStrong and consistent AI demand is evident, with 50% of its top 25 deals being AI-related, suggesting significant growth potential.
Financial PerformanceEQIX beat Q1 AFFO estimates and raised guidance on strong AI bookings and FX tailwinds.
Market PositionEQIX should trade at a premium to the broader REIT sector due to its industry-leading position, lower relative leverage, open option to incoming AI demand, and strong AFFO/share growth.