Digital Realty Prices Secondary Offering of Common Stock by Blackstone

Digital Realty (NYSE: DLR) announced the pricing of a secondary offering of 12,310,249 shares of its common stock by Blackstone affiliates at $185.00 per share.

Rhea-AI Summary

Digital Realty (NYSE: DLR) announced the pricing of a secondary offering of 12,310,249 shares of its common stock by Blackstone affiliates at $185.00 per share. The company is not selling shares and will receive no proceeds.

The shares will be issued to Blackstone upon closing of Digital Realty’s acquisition of its interests in the Digital Carver Dulles 9 and Digital Carver Brickyard joint ventures, expected June 30, 2026. The underwritten offering, led by Morgan Stanley, is expected to close July 1, 2026, subject to customary conditions and completion of the acquisition.

Argus Jun 30 session

-5.77% close to close Open Argus

Details

News Market Reaction – DLR

On Jun 30, the day this news came out, DLR closed 5.77% below the previous close.

Data tracked by StockTitan Argus for the Jun 30 session.

Market Context

On Jun 30, the day this news came out, the stock closed 5.8% below the previous close. A negative re...

Analysis

On Jun 30, the day this news came out, the stock closed 5.8% below the previous close. A negative reaction despite positive strategic rationale fits prior instances where equity-related activity weighed on shares. The Blackstone resale of 12.3 million shares and sizable registered resale capacity could reinforce concerns about supply and valuation.

Key Figures

Secondary shares offered: 12,310,249 shares Offering price: $185.00 per share Resale registration amount: $2,346,087,437.83 +5 more

Secondary shares offered

12,310,249 shares

Underwritten registered public offering by Blackstone affiliates

Offering price

$185.00 per share

Public offering price for Blackstone’s secondary sale

Resale registration amount

$2,346,087,437.83

Common stock covered for resale by selling stockholders (Form 424B7)

Blackstone acquisition cash consideration

$1,231 million

Cash component of purchase of Blackstone’s JV interests

Recent ATM net proceeds

$1.2 billion

Net proceeds from at-the-market sales of 6,158,839 shares

Shares outstanding

357,665,753 shares

Common shares outstanding as of June 25, 2026 (Form 424B7)

ATM shares sold

6,158,839 shares

Shares sold via recent at-the-market program

Joint venture acreage

1,440 acres

Astra Enterprise Park site acquired for hyperscale development (Form 8-K)

Historical Context

5 past events · Latest: Jun 22

5 events

1. Jun 22

   Growth transactions

   24h Move

   +3.5%

   Announced $1.6B of growth-focused 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

   ESG 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 common and preferred stock cash dividends.

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 the pricing of an underwritten registered public offering of 12,310,249 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

"Each share of non-voting common stock will automatically convert into one share"

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 final 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.

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AUSTIN, Texas, June 30, 2026 (GLOBE NEWSWIRE) -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today the pricing of an underwritten registered public offering of 12,310,249 shares of its common stock by affiliates of Blackstone Inc. (collectively, “Blackstone”) at a public offering price of $185.00 per share. The shares of common stock being sold in this offering will be issued to Blackstone upon the closing of the 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 occur on June 30, 2026. Each share of non-voting common stock will automatically convert into one share of the company’s common stock upon its transfer by Blackstone in connection with this offering.

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.

The offering is expected to close on July 1, 2026, subject to customary closing conditions, and is conditioned upon the closing of the Blackstone Acquisition.

Morgan Stanley acted 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 final 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

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 occurrence and timing of the closing of the Blackstone Acquisition and the timing and closing 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 did Digital Realty (DLR) announce about Blackstone's secondary stock offering on June 30, 2026?

Digital Realty announced that Blackstone affiliates will sell 12,310,249 Digital Realty common shares at $185.00 per share. According to Digital Realty, this is an underwritten registered public offering and the company itself is not selling any shares in the transaction.

Is Digital Realty (DLR) issuing new shares or receiving proceeds from the June 2026 Blackstone offering?

Digital Realty will not receive any proceeds from Blackstone’s sale of shares. According to Digital Realty, the company is not offering any common stock in this secondary transaction; all sale proceeds will go to Blackstone affiliates, the selling stockholders.

How many Digital Realty (DLR) shares are included in Blackstone's June 2026 secondary offering and at what price?

The offering covers 12,310,249 Digital Realty common shares priced at $185.00 per share. According to Digital Realty, Morgan Stanley is acting as sole underwriter for this registered public offering under an effective shelf registration statement filed with the SEC.

When is the Digital Realty (DLR) and Blackstone secondary offering expected to close?

The secondary offering is expected to close on July 1, 2026. According to Digital Realty, closing is subject to customary conditions and is conditioned on completing the related Blackstone Acquisition of interests in the Digital Carver Dulles 9 and Brickyard joint ventures.

How is the Blackstone Acquisition linked to the Digital Realty (DLR) June 2026 stock offering?

Shares sold in the offering will be issued to Blackstone when Digital Realty acquires Blackstone’s joint venture interests. According to Digital Realty, the offering is conditioned on closing this Blackstone Acquisition, which is expected to occur on June 30, 2026.

What happens to Digital Realty's non-voting common stock held by Blackstone in this June 2026 transaction?

Each share of non-voting common stock will automatically convert into one share of common stock when transferred by Blackstone. According to Digital Realty, this conversion occurs in connection with the secondary offering of 12,310,249 shares to public investors.

Who is underwriting the June 2026 Digital Realty (DLR) secondary offering by Blackstone and under what registration?

Morgan Stanley is serving as sole underwriter for the secondary offering of Digital Realty shares. According to Digital Realty, the sale is being made under an effective shelf registration statement and a final prospectus supplement to be filed with the SEC.