EQIX

In late 2020, much of the market looks risky and overvalued.Small-cap REITs on the other hand are historically cheap.Many trade at substantial discounts to fair value.In this article, we make the case that the best value in the REIT space is found among small-cap REITs.

Who paid the rent? Real estate earnings season kicks off this week with more than 200 REITs and housing industry companies reporting earnings over the next month.Rent collection - a metric that was rarely reported in the pre-COVID-19 era - has become the most critical statistic tracked by investors due to its impact on dividend-paying capacity.Dividend cuts have been a major theme throughout the pandemic. 65 of 170 equity REITs have reduced their dividend, but since the start of Q3, dividend increases have outnumbered cuts.REITs enter third-quarter earnings season as the third-worst performing out of 11 GICS equity sectors. Improving rent collection and dividend commentary could be a positive catalyst to drive a recovery.While many commercial property sectors have struggled, several "essential" property sectors have thrived throughout the pandemic. We discuss the trends that we're watching this earnings season in each of the real estate property sectors.

Lowest latency route created by directly connecting Points of Presence in Europe and Latin America EllaLink & Equinix Map Latency MapDUBLIN, Ireland and REDWOOD CITY, Calif., Oct. 19, 2020 (GLOBE NEWSWIRE) -- EllaLink announced today that it has entered into an agreement with Equinix, Inc. (Nasdaq: EQIX), a global interconnection and data center company. As part of its low latency PoP-to-PoP network strategy, EllaLink will open three interconnection and managed colocation PoPs in Equinix data centers in Madrid, Lisbon and São Paulo. The PoPs will be connected to the EllaLink landing site in Sines, and onwards, over two diverse terrestrial routes. An extremely low latency link will be established to connect to the Equinix data centers, avoiding the traditional subsea route via North America and significantly reducing round trip delay. EllaLink is a state-of-the-art optical platform offering secure high capacity connectivity on a unique and diverse transatlantic route, linking the major terrestrial and subsea hubs in Europe and Latin America. This new link between the European and Brazilian data centers of Equinix will increase connectivity between the two continents at a time of significant market growth in Latin America. Use of latency sensitive real-time applications such as live streaming and gaming is increasing and significant investments have been made by global tech giants generating major hubs in Brazil. EllaLink will be ready for service in spring 2021, creating the first-ever high capacity direct fiber path between the two continents.“Offering one hop connections between Latin America and Europe with a round trip delay of 60ms is a game changer from a transatlantic latency perspective. By offering carrier neutral connections from our PoP locations in Equinix’s data centers we are enabling our customers to directly access the rich ecosystems of networks, clouds, and financial and IT service providers that Equinix host,” said Diego Matas, Chief Operating Officer of EllaLink.Jim Poole, Vice President, Business Development at Equinix added, “Given the increase in data between developing and developed markets, digital businesses demand access to high-capacity, low-latency networks. The availability of the EllaLink cable system in Equinix’s São Paulo, Rio de Janeiro, Lisbon and Madrid datacenters provides direct access between these markets to support the growing interconnection needs of global customers.”About EllaLinkEllaLink is an advanced optical platform offering secure high capacity connectivity on a unique low latency transatlantic route serving the growing needs of the Latin American and European markets. The EllaLink network directly connects Brazil and Europe, linking the major hubs of São Paulo, Rio de Janeiro and Fortaleza with Lisbon, Madrid and Marseille.The EllaLink System is being built with state-of-the-art coherent technology initially offering 72Tbps of capacity over four direct fibre pairs between Europe and Brazil. The landing sites in Fortaleza (Brazil) and Sines (Portugal) have been secured and EllaLink is scheduled to be Ready for Service in Q1 2021. EllaLink is a privately funded and independent company committed to providing products and services on a Carrier Neutral and Open Access basis. Marguerite II, a pan-European equity fund active in the renewables, energy, transport and digital infrastructure sectors, is the main shareholder of EllaLink. For more information visit ella.linkPress contacts EllaLink: info@ella.linkAbout EquinixEquinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. On this global platform for digital business, companies come together across more than 50 markets on five continents to reach everywhere, interconnect everyone and integrate everything they need to create their digital futures. Equinix.comA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/84bfa5e8-728c-425c-b7f0-56a74b49acdb

U.S. equity markets finished flat this week as better-than-expected economic data and earnings results were offset by a continued fiscal stalemate and pressure on technology stocks amid a censorship controversy.The S&P 500 managed to eke out a 0.1% gain this week. The Nasdaq 100 ended the week on a four-day skid as Twitter and Facebook face Congressional subpoenas.Coming off its best two-week gain since April, a sharp sell-off among COVID-sensitive property sectors sent Equity REITs lower by 2.7% with 17 of 18 property sectors in negative territory.Retail sales were far stronger than expected in September, gaining for the fifth month in a row and setting new record highs. Retail sales are now higher by 5.4% from last year, led by the e-commerce and home improvement categories.While retail sales and housing data have exhibited continued strength, the employment recovery has shown signs of losing steam in recent weeks with Initial Jobless Claims coming in above estimates.

When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...

The latest Global Interconnection Index (GXI), an annual market study published by Equinix, shows that the COVID-19 pandemic has already had a dramatic effect on how businesses are planning their digital infrastructure initiatives over the next three years. According to the report, digital service providers

On CNBC's Mad Money Lightning Round," Jim Cramer said he likes Trane Technologies PLC (NYSE: TT). He thinks it's a buy.