Item 2. Properties

15K characters. Original on sec.gov · Markdown

Item 2. Properties

Our executive offices are located in Redwood City, California, with sales offices in several cities throughout the U.S. Our Asia-Pacific headquarters office is located in Hong Kong and we also have sales offices in several cities throughout Asia-Pacific. Our EMEA headquarters office is located in Amsterdam, the Netherlands and we also have sales offices in several cities throughout EMEA.

The following tables present the locations of our leased and owned IBX data centers and xScaleTM data centers investments as of December 31, 2021.

AMERICAS
MetroLeased (1)Owned (1) (2)
Atlanta●●
Bogota●
eqix-20211231_g7.gifBoston●
Calgary●●
Chicago●●
Culpeper●
Dallas●●
Washington D.C./Ashburn●●
Denver●●
Houston●
Kamloops●
Los Angeles●●
Mexico City●
Miami●●
Monterrey●
Montreal●
New York●●
Ottawa●
Philadelphia●
Rio de Janeiro●●
Saint John●
Sao Paulo●●
Seattle●●
Silicon Valley●●
Toronto●●
Vancouver●
Winnipeg●
EMEA
MetroLeased (1)Owned (1) (2)
Abu Dhabi●
Amsterdam●●
eqix-20211231_g8.gifBarcelona●
Bordeaux●
Dubai●
Dublin●●
Dusseldorf●
East Netherlands●
Frankfurt●●
Geneva●
Genoa (3)●
Hamburg●
Helsinki●●
Istanbul●
Lisbon●
London●●
Madrid●
Manchester●
Milan●●
Munich (3)●●
Muscat●
Paris●●
Seville●
Sofia●
Stockholm●●
Warsaw●●
Zurich●●
eqix-20211231_g9.gif
Asia-Pacific
MetroLeased (1)Owned (1) (2)
Adelaide●
Brisbane●
Canberra●
Hong Kong●
Melbourne●
Mumbai●
Osaka●●
Perth●
Seoul●
Singapore●●
Shanghai●●
Sydney●●
Tokyo●●

(1)"●" denotes locations with one or more data centers.

(2)Owned sites include IBX data centers subject to long-term ground leases.

(3)The Genoa (GN1) and Munich (MU4) owned sites represent data centers opened in January 2022

The following table presents an overview of our portfolio of IBX data centers as of December 31, 2021:

# of IBXs (1)Total Cabinet Capacity (1)(2)Cabinets Billed**(1)**Cabinet Utilization % (1)(3)MRR per Cabinet (1)(4)
Americas103136,000103,20076%$2,342
EMEA78128,800107,40083%1,586
Asia-Pacific5074,70059,30079%1,970
Total231339,500269,900

(1)Excludes nine unconsolidated entities (eight xScaleTM data centers and the MC1 IBX data center) and includes the MU4 and GN1 data centers opened in January 2022

(2)Cabinets represent a specific amount of space within an IBX data center. Customers can combine and use multiple adjacent cabinets within an IBX data center, depending on their space requirements.

(3)The cabinet utilization rate represents the percentage of cabinet space billed versus total cabinet capacity, taking into consideration power limitations.

(4)MRR per cabinet represents average monthly recurring revenue recognized divided by the average number of cabinets billing during the fourth quarter of the year. Americas MRR per cabinet excludes Brazil, Colombia and Infomart non-IBX tenant income and Asia-Pacific MRR per Cabinet excludes Bit-isle MIS.

The following table presents a summary of our significant IBX data center expansion projects under construction as of December 31, 2021:

PropertyProperty LocationTarget Open DateSellable CabinetsTotal Capex (in Millions) (1)
Americas:
MX2 phase IIMexico CityQ1 20221,075$54
TR2 phase IVTorontoQ3 202230024
BG2 phase IBogotaQ4 202255045
CL3 phase IICalgaryQ4 202255038
DC21 phase IIWashington D.C.Q4 202295032
KA1 phase IIKamloopsQ4 202225022
LA4 phase IVLos AngelesQ4 202235022
4,025237
EMEA:
MC1 phase IIMuscatQ1 202247519
IL2 phase IIIIstanbulQ2 202252515
LD7 phase IILondonQ2 20222,275111
MD2 phase IVMadridQ2 202237516
MA5 phase IManchesterQ2 20221,02578
PA10 phase IParisQ2 20221,525163
ZH5 phase IVZurichQ2 202225042
GV2 phase IIIGenevaQ3 202230022
LD8 phase IVLondonQ3 202255036
ML5 phase IIMilanQ3 202250020
MD6 phase IMadridQ3 20226005
FR5 phase VFrankfurtQ4 202265043
BX1 phase II & IIIBordeauxQ1 202352544
PA6 phase IIParisQ1 202327516
DX3 phase IDubaiQ2 202390061
SM1 phase ISalalahQ2 20231257
SO2 phase IISofiaQ2 202335012
BX1 phase IVBordeauxQ3 202327521
FR13 phase IFrankfurtQ4 20231,125104
12,625835
Asia-Pacific:
SG5 phase IISingaporeQ1 202277575
SG5 phase IIISingaporeQ1 202270019
TY11 phase IIITokyoQ2 202290031
ME2 phase IIMelbourneQ3 202250016
SG5 phase IVSingaporeQ3 202260026
OS3 phase IIOsakaQ4 202240019
3,875186
Total20,525$1,258

(1)Capital expenditures are approximate and may change based on final construction details.

Previous: Item 1B. Unresolved Staff Comments · Next: Item 3. Legal Proceedings