Hyperscalers are locking in 15-year leases before facilities break ground, with grid interconnection queues stretching to 2030 cementing a multi-year supply squeeze.
EQIX posted a record $378M in Q1 bookings while DLR grew sales 16% year over year and carries a $1.8B backlog.
All three data center REITs pay dividends above 1.9% and hold Buy ratings from Citigroup, Truist Financial, and JPMorgan.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Equinix didn't make the cut. Grab the names FREE today.
The AI buildout has turned the old-school data center real estate investment trusts (REITs) from a niche real estate subsector into one of the clearest ways to own the physical infrastructure behind the artificial intelligence boom, and the numbers are starting to back that up. One of the biggest companies in the arena, Equinix (NASDAQ:EQIX), posted $2.444 billion in first-quarter 2026 revenue, up 10% year over year, and a record $378 million in first-quarter bookings, while another, Digital Realty Trust (NYSE:DLR), logged 16% year-over-year sales growth and has a $1.8 billion backlog. Vacancy in primary U.S. markets remains near record lows. Hyperscalers are locking in 15-year leases years before facilities even break ground, and grid interconnection queues stretching out to 2030 mean the supply squeeze isn't going away anytime soon.
EQIX posted a record $378M in Q1 bookings while DLR grew sales 16% year over year and carries a $1.8B backlog.
All three data center REITs pay dividends above 1.9% and hold Buy ratings from Citigroup, Truist Financial, and JPMorgan.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Equinix didn't make the cut. Grab the names FREE today.
The AI buildout has turned the old-school data center real estate investment trusts (REITs) from a niche real estate subsector into one of the clearest ways to own the physical infrastructure behind the artificial intelligence boom, and the numbers are starting to back that up. One of the biggest companies in the arena, Equinix (NASDAQ:EQIX), posted $2.444 billion in first-quarter 2026 revenue, up 10% year over year, and a record $378 million in first-quarter bookings, while another, Digital Realty Trust (NYSE:DLR), logged 16% year-over-year sales growth and has a $1.8 billion backlog. Vacancy in primary U.S. markets remains near record lows. Hyperscalers are locking in 15-year leases years before facilities even break ground, and grid interconnection queues stretching out to 2030 mean the supply squeeze isn't going away anytime soon.
3 months ago
