Equinix Inc. (EQIX) announced Thursday morning that its Board of Directors has approved a plan for the company to pursue conversion to a real estate investment trust. Equinix expects to elect REIT status for its taxable year beginning January 1, 2015.
Equinix gapped open sharply higher Thursday morning and is now up 19.83 at $206.38. The stock has risen past resistance and has set a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.