Digital Realty Announces Secondary Offering of Common Stock by Blackstone

Digital Realty (NYSE:DLR) announced a secondary public offering of $2,346 million of its common stock by Blackstone affiliates.

Rhea-AI Summary

Digital Realty (NYSE:DLR) announced a secondary public offering of $2,346 million of its common stock by Blackstone affiliates. The shares are non-voting stock issued to Blackstone at closing of the related joint venture acquisition, then automatically convert to common stock when sold.

The offering is conditioned on closing the Blackstone acquisition, expected June 30, 2026. No shares are being sold by Digital Realty, and the company will not receive any proceeds. Morgan Stanley is acting as sole underwriter under an effective SEC shelf registration.

Positive

• None.

Negative

• Blackstone secondary sale of $2,346 million of Digital Realty stock
• Digital Realty will not receive proceeds from the $2,346 million stock sale

Argus Jun 30 session

-5.77% close to close Open Argus

Details

News Market Reaction – DLR

On Jun 30, the first trading day after this news, DLR closed 5.77% below the previous close.

Data tracked by StockTitan Argus for the Jun 30 session.

Key Figures

Secondary offering size: $2,346 million Blackstone Acquisition close: June 30, 2026

Secondary offering size

$2,346 million

Underwritten registered public offering of DLR common stock by Blackstone affiliates

Blackstone Acquisition close

June 30, 2026

Expected closing date for acquisition of Blackstone’s joint venture interests

Historical Context

5 past events · Latest: Jun 22

5 events

1. Jun 22

   Growth transactions

   24h Move

   +3.5%

   Announced ~$1.6B in growth transactions funded partly with new equity.

2. Jun 17

   AI product launch

   24h Move

   -1.8%

   Launched ServiceFabric MCP AI-native control layer across 800+ data centers.

3. May 27

   Impact report

   24h Move

   -0.1%

   Published 2025 Impact Report highlighting renewable energy and efficiency gains.

4. May 18

   New data center

   24h Move

   -0.0%

   Opened first Barcelona data center targeting AI and cloud workloads.

5. May 12

   Dividend declaration

   24h Move

   -1.0%

   Declared Q2 2026 cash dividends for common and preferred stock.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

underwritten registered public offering, non-voting common stock, shelf registration statement, prospectus supplement

4 terms

underwritten registered public offering financial

"announced today an underwritten registered public offering of $2,346 million of shares"

A registered public offering is when a company formally registers new shares or bonds with regulators and makes them available to outside investors; an underwritten registered public offering means one or more investment banks agree to buy those securities from the company and resell them to the public, guaranteeing the company raises the planned money. Investors should care because it brings new supply that can dilute existing holdings, signals how confident professionals are in demand, and usually affects share price and company funding for growth or debt repayment—think of it as hiring a committed salesperson who guarantees the sale of a fixed number of tickets.

non-voting common stock financial

"shares of non-voting common stock that will be issued to Blackstone only upon"

A non-voting common stock is an ownership share in a company that gives holders the same economic rights as regular shares—such as claiming a portion of profits and benefiting from price gains—but does not give the holder the right to vote on corporate decisions. Think of it like owning a seat on a train that shares the ride’s benefits but not the ability to steer the engine; investors care because it affects their influence over management, potential control disputes, and sometimes the stock’s price or attractiveness.

shelf registration statement regulatory

"The offering is being made pursuant to an effective shelf registration statement"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

prospectus supplement regulatory

"A preliminary prospectus supplement relating to the offering will be filed with the SEC"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

AUSTIN, Texas, June 29, 2026 (GLOBE NEWSWIRE) -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today an underwritten registered public offering of $2,346 million of shares of its common stock by affiliates of Blackstone Inc. (collectively, “Blackstone”). The shares to be sold in the offering consist of shares of non-voting common stock that will be issued to Blackstone only upon the closing of the previously announced acquisition by the company of Blackstone's interests in the Digital Carver Dulles 9 and Digital Carver Brickyard joint ventures (the “Blackstone Acquisition”), which is expected to close on June 30, 2026. Upon transfer of the non-voting common stock by Blackstone in connection with this offering, such shares will automatically convert into shares of common stock. The offering is conditioned upon the closing of the Blackstone Acquisition and the issuance of the non-voting common stock to Blackstone.

The Company is not offering any shares of common stock in the offering and will not receive any of the proceeds from the sale of shares of its common stock by Blackstone.

Morgan Stanley will act as the sole underwriter for the public offering.

The offering is being made pursuant to an effective shelf registration statement (containing a prospectus) filed with the Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. A copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained by contacting Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.

About Digital Realty

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL^®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx^®) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing Data Gravity challenges. Digital Realty gives customers access to the connected data communities that matter to them through a global footprint of 300+ facilities in 55+ metros across 30+ countries on six continents.

For Additional Information

Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 737 281 0101
InvestorRelations@digitalrealty.com

Media Contact
Helen Bleasdale
Digital Realty
+1 737 267 6822
hcbleasdale@digitalrealty.com

Safe Harbor Statement

This press release contains forward-looking statements that are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the expected closing of the Blackstone Acquisition and the timing of the offering. For a list and description of such risks and uncertainties, see the reports and other filings by Digital Realty Trust, Inc. and Digital Realty Trust, L.P. with the SEC, including Digital Realty Trust, Inc. and Digital Realty Trust, L.P.’s combined Annual Report on Form 10-K for the year ended December 31, 2025 and other documents subsequently filed by the company with the SEC. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What secondary stock offering did Digital Realty (DLR) announce on June 29, 2026?

Digital Realty announced a $2,346 million secondary public offering of its common stock by Blackstone affiliates. According to Digital Realty, the company itself is not selling shares and will not receive any proceeds from this transaction.

Is Digital Realty (DLR) issuing new shares in the June 2026 Blackstone offering?

Digital Realty is not offering any shares in this transaction. According to the company, only Blackstone affiliates are selling, and Digital Realty will not receive proceeds from the sale of its common stock in the offering.

What conditions apply to the June 2026 Digital Realty (DLR) secondary offering?

The offering is conditioned on closing the Blackstone Acquisition and issuing non-voting common stock to Blackstone. According to Digital Realty, this acquisition of joint venture interests is expected to close on June 30, 2026 before the offering proceeds.

How will Blackstone’s non-voting Digital Realty (DLR) shares be handled in the offering?

Blackstone will receive non-voting common stock when the related acquisition closes. According to Digital Realty, once Blackstone transfers these shares in the offering, they will automatically convert into voting common stock for buyers.

Who is underwriting the June 2026 Digital Realty (DLR) secondary stock sale?

Morgan Stanley is acting as the sole underwriter for the public offering of Digital Realty common stock by Blackstone affiliates. According to Digital Realty, the transaction is being conducted under an effective SEC shelf registration statement.

Where can investors find the prospectus for the Digital Realty (DLR) June 2026 offering?

Investors can access the preliminary prospectus supplement on the SEC website at www.sec.gov. According to Digital Realty, printed copies may be requested from Morgan Stanley’s Prospectus Department at its New York address.

Does the June 2026 Digital Realty (DLR) announcement constitute an offer to sell securities?

The announcement explicitly states it does not constitute an offer to sell or solicitation to buy securities. According to Digital Realty, any sale must comply with applicable state and jurisdictional securities registration or qualification requirements.