Equinix Is a REIT You Should Know
The real estate investment trust (REIT) sector has been smashed during the COVID-19 pandemic. Mortgage REITs have seen the value of their assets fall, with their sources of funding severely restricted. Retail REITs have seen their tenants shuttered, with no ability to generate revenue to pay rent. Office REITs have seen small businesses fail, and apartment REITs have seen some of their tenants unable to pay the monthly rent.
Have any REIT sectors worked during this crisis? Actually, two have done well: cell tower REITs (on the 5G buildout) and data REITs. Data REITs are one of the few places to look for growth in the REIT world, and that's why Equinix (NASDAQ: EQIX), a top player in the field, is worth a look.
Source Fool.com


