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Equinix Q2 FFO, AFFO rise YOY

Equinix Inc. disclosed second-quarter funds from operations of $289.5 million, an increase in the aggregate from $219.8 million in the 2017 second quarter.

For the second quarter, AFFO grew on an annual basis to $428.1 million from $360.1 million.

Revenues for the quarter amounted to $1.26 billion, an uptick from $1.07 billion in the comparable 2017 period.

Looking ahead, the data center real estate investment trust expects AFFO for the 2018 full year between about $1.60 billion and $1.64 billion. The updated guidance incorporates, among other things, a full-year AFFO guidance increase of $5 million, offset by an unfavorable foreign currency impact of $4 million when compared to prior Equinix guidance rates.