EQUINIX INC vs Ventas, Inc., two REIT stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Equinix leases server capacity to a digital economy; Ventas leases care space to an aging one, two REITs whose growth comes from tenants outside real estate. Both wear the inflated REIT P/E, 75.5 and 161.9, and read better on cash: Ventas yields 2.16% with 3.97% free cash, Equinix 1.72% with a slightly negative free-cash figure as capacity spending runs ahead of it. Equinix is the larger at $108B against Ventas's $43B and carries 1.38 turns of debt. Ventas's demand is demographic and slow-moving, senior housing filling as the population ages; Equinix's is technological and fast, interconnection demand rising with cloud and AI traffic. The pair sets a healthcare landlord against a digital one, both real-estate wrappers around non-real-estate growth, and the buyer chooses between the certainty of aging and the momentum of compute.
Comparison updated 2026-07-11.
| Metric | EQIX | VTR |
|---|---|---|
| Price | $1091.09 | $89.03 |
| Market cap | $107.7B | $43.3B |
| Sector | REIT | REIT |
| Stage | Mature | Growth |
| P/E | 75.5 | 161.9 |
| P/B | 7.53 | 3.29 |
| P/S | 11.42 | 7.07 |
| EV/EBITDA | 30.9 | 30.0 |
| Revenue growth | +6.7% | +20.6% |
| Operating margin | 23.6% | — |
| Net margin | 15.1% | 4.4% |
| Return on equity | 9.9% | 2.1% |
| Return on assets | 3.5% | 1.0% |
| Return on invested capital | 5.1% | — |
| FCF yield | -0.9% | 4.0% |
| Dividend yield | 1.7% | 2.2% |
| Debt / equity | 1.38 | 0.00 |
| Current ratio | 1.18 | — |
| Altman Z (solvency) | 2.96 | 1.67 |
| Piotroski F (quality) | 5 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.