10-K – 2026-02-11 – eqix-20251231.htm

19.     Subsequent Events
Declaration of dividends
On February 11, 2026, we declared a quarterly cash dividend of $ 5.16 per share, which is payable on March 18, 2026 to our common stockholders of record as of the close of business on February 25, 2026.
AMER 3 Joint Venture
On January 13, 2026, we sold the assets and liabilities of the Hampton data center campus ("Hampton") located in the greater Atlanta metro area to the AMER 3 Joint Venture for an estimated purchase price of $ 470 million, subject to adjustments. In connection with the sale, we contributed $ 146 million in cash to various entities within the AMER 3 Joint Venture structure consistent with our total 25 % economic interest in the joint venture.
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EQUINIX, INC.
Schedule III - Schedule of Real Estate and Accumulated Depreciation
As of December 31, 2025
(in millions)

Initial Costs to Company (1)
Costs Capitalized Subsequent to Acquisition or Lease (2)
Total Costs
Encumbrances Land Buildings and Improvements (3)
Land Buildings and Improvements (3)
Land Buildings and Improvements (3)
Accumulated Depreciation (4)
Date of Acquisition or Lease (5)

Americas:
Brazil $ — $ 21 $ 156 $ 12 $ 601 $ 33 $ 757 $( 279 ) 2011 - 2025
Canada 18 32 583 138 714 170 1,297 ( 369 ) 2010 - 2022
Chile — 5 52 — 93 5 145 ( 24 ) 2022
Colombia — 4 9 2 87 6 96 ( 17 ) 2017 - 2021
Mexico — 7 146 — 195 7 341 ( 55 ) 2020 - 2025
Peru — 5 9 — 9 5 18 ( 3 ) 2022
United States Metros:
Atlanta — 5 20 — 334 5 354 ( 145 ) 2010 - 2017
Boston — 3 30 — 46 3 76 ( 28 ) 2017
Chicago — 14 203 — 838 14 1,041 ( 387 ) 1999 - 2025
Culpeper — 4 151 1 86 5 237 ( 110 ) 2017
Dallas — 25 374 72 1,123 97 1,497 ( 455 ) 2000 - 2018
Denver — 5 23 — 56 5 79 ( 38 ) 2010 - 2017
Houston — 1 24 — 42 1 66 ( 27 ) 2017
Los Angeles — 27 207 4 254 31 461 ( 286 ) 1999 - 2017
Miami — 24 150 — 348 24 498 ( 202 ) 2010 - 2017
New York — 2 116 65 2,097 67 2,213 ( 944 ) 1999 - 2017
Philadelphia — — — — 49 — 49 ( 30 ) 2010
Seattle — 4 15 — 248 4 263 ( 145 ) 2010 - 2017
Silicon Valley — 35 267 15 1,155 50 1,422 ( 690 ) 1999 - 2019
Washington, D.C. — 18 510 7 1,747 25 2,257 ( 776 ) 1999 - 2025
Others (6)
— 188 70 248 759 436 829 ( 53 ) Various

EMEA:
Bulgaria — 3 5 — 39 3 44 ( 13 ) 2016 - 2017
Côte d'Ivoire — — 1 — 6 — 7 ( 2 ) 2022
Finland — 7 61 9 175 16 236 ( 113 ) 2016 - 2018
France — 3 61 25 1,104 28 1,165 ( 465 ) 2007 - 2021
Germany — 45 151 52 2,156 97 2,307 ( 696 ) 2000 - 2021
Ghana — — 1 — 7 — 8 ( 3 ) 2022
Ireland — 3 110 13 136 16 246 ( 92 ) 2016 - 2025
Italy — 6 23 5 242 11 265 ( 77 ) 2016 - 2020
Nigeria — 1 15 — 61 1 76 ( 10 ) 2022

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Initial Costs to Company (1)
Costs Capitalized Subsequent to Acquisition or Lease (2)
Total Costs
Encumbrances Land Buildings and Improvements (3)
Land Buildings and Improvements (3)
Land Buildings and Improvements (3)
Accumulated Depreciation (4)
Date of Acquisition or Lease (5)

Poland — 2 11 1 124 3 135 ( 50 ) 2016 - 2017
Portugal — 2 64 3 45 5 109 ( 14 ) 2017 - 2025
South Africa — — — — 11 — 11 ( 2 ) 2024
Spain — 8 110 23 235 31 345 ( 127 ) 2017 - 2022
Sweden — — 95 4 228 4 323 ( 114 ) 2016
Switzerland — — 11 9 511 9 522 ( 199 ) 2002 - 2009
The Netherlands — 7 183 4 971 11 1,154 ( 536 ) 2008 - 2019
Turkey — 4 99 — 54 4 153 ( 24 ) 2017
United Arab Emirates — 7 — — 309 7 309 ( 126 ) 2008 - 2020
United Kingdom Metros
London — — 368 63 1,660 63 2,028 ( 734 ) 2000 - 2018
Manchester — 4 59 — 213 4 272 ( 91 ) 2016 - 2020
Others (6)
— 55 15 1,065 638 1,120 653 ( 65 ) Various

Asia-Pacific:
Australia — 110 248 89 1,178 199 1,426 ( 539 ) 2003 - 2020
China — — 105 — 864 — 969 ( 556 ) 2003 - 2017
India — 35 163 15 78 50 241 ( 32 ) 2021 - 2025
Indonesia — — 58 — 10 — 68 ( 3 ) 2025
Japan — — 508 — 1,065 — 1,573 ( 568 ) 2000 - 2025
Malaysia — 3 68 — 77 3 145 ( 12 ) 2023 - 2024
Philippines — 7 — — 35 7 35 ( 2 ) 2025
Singapore — — 90 — 1,579 — 1,669 ( 766 ) 2003 - 2019
South Korea — — 51 — 36 — 87 ( 41 ) 2019 - 2024
Others (6)
— — 2 72 421 72 423 ( 35 ) Various
TOTAL LOCATIONS $ 18 $ 741 $ 5,851 $ 2,016 $ 25,149 $ 2,757 $ 31,000 $( 11,170 )

(1)      The initial cost was $ 0 if the lease of the respective IBX was classified as an operating lease.
(2)      Costs capitalized subsequent to acquisition or lease are net of impairments and include the impact of allocations between land and buildings and improvements following the purchase of previously leased assets.
(3)      Buildings and improvements include all fixed assets except for land.
(4)      Buildings and improvements are depreciated on a straight-line basis over estimated useful lives as described in Note 1 within the Consolidated Financial Statements.
(5)     Date of lease or acquisition represents the date we leased the facility or acquired the facility through purchase or acquisition.
(6)      Includes various IBXs that are under initial development and costs incurred at certain central locations supporting various IBX functions.
The aggregate gross cost of our properties for federal income tax purpose approximated $ 39.0  billion (unaudited) as of December 31, 2025.
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The following table reconciles the historical cost of our properties for financial reporting purposes for each of the years ended December 31, 2025, 2024 and 2023 (in millions):

2025 2024 2023
Gross Fixed Assets:
Balance, beginning of period $ 27,909   $ 26,614   $ 23,803  
Additions (including acquisitions and improvements) 4,989   3,266   3,117  
Disposals ( 339 ) ( 626 ) ( 589 )
Impairment charges (1)
( 101 ) ( 302 ) —  
Foreign currency translation adjustments and others 1,299   ( 1,043 ) 283  
Balance, end of year $ 33,757   $ 27,909   $ 26,614  

Accumulated Depreciation:
Balance, beginning of period $ ( 9,639 ) $ ( 9,089 ) $ ( 8,095 )
Additions (depreciation expense) ( 1,464 ) ( 1,413 ) ( 1,317 )
Disposals 333   317   413  
Impairment charges (1)
57   186   —  
Foreign currency translation adjustments and others ( 457 ) 360   ( 90 )
Balance, end of year $ ( 11,170 ) $ ( 9,639 ) $ ( 9,089 )

(1)      Refer to Note 17 within the Consolidated Financial Statements.
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