13 Most Profitable Real Estate Stocks Now

3. Equinix, Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 56

5 Year Net Income Growth: 15.83%

Equinix Inc. (NASDAQ:EQIX) serves as the world’s digital infrastructure company which specializes in Internet connection and data centers. The company came into being in 1998 as a vendor-neutral multitenant data center provider and currently operates in 33 countries. It allows businesses to scale across the world’s biggest network of interconnected data centers.

Equinix Inc. (NASDAQ:EQIX) occupies a strong competitive position through its global ecosystem, which is bigger than its next 10 competitors combined. The firm provides customers access to over 2,000 network services, over 3,000 cloud and IT services, over 450 content and digital media services, and over 4,800 enterprises. With 86 consecutive quarters of top-line revenue growth, the firm demonstrates profitability. In 2023, Equinix had $8.1 billion in global revenues.

During the second quarter, the firm’s adjusted EBITDA exceeded the $1 billion quarterly threshold for the first time. Net income rose by 45% year-over-year to $301 million. Equinix Inc. (NASDAQ:EQIX) has 54 major projects underway across 24 countries. Leveraging the growing digital opportunity of the fast-growing Southeast Asia region, the company has announced its entry into the Philippines while expanding into Malaysia and Indonesia.

Equinix Inc. (NASDAQ:EQIX) is in an attractive spot to further drive its growth and profitability. Over the past 5 years, the firm has expanded its revenue by 8.59% and its net income by 15.83%. As of Q2, the stock is held by 56 hedge funds.