Equinix: Worth More As A REIT?

Read the whole article at Seeking Alpha:

>>Last week Wells Fargo (WFC) issued an equity report analyzing Equinix (EQIX) from a different angle: What if the company decided to become a REIT?

At the end of his research, the analyst raised the company valuation range to $146-$156 (from $123-$131), and maintained an Outperform rating.

While we do not believe the conversion is round the corner, it is certainly an interesting exercise to examine some of Equinix's metrics in a different way and try compare them to other data center providers specialized in the wholesale business.