Blackstone Digital Infrastructure Trust (BXDC) posts Q2 2026 net income
Rhea-AI Filing Summary
Blackstone Digital Infrastructure Trust Inc. reported second-quarter 2026 net income of $7.1 million, or $0.14 per share. Funds from Operations (FFO) and Adjusted FFO (AFFO) per adjusted share were $0.07 and $0.08, respectively, based on 99,223,829 adjusted weighted-average shares.
The company recently completed its initial public offering and is a newly organized vehicle focused on acquiring and owning mission-critical, stabilized data center properties leased to investment-grade hyperscale tenants on long-term contracts. Its investment strategy is described as aiming to generate stable, long-term cash flows and current income for shareholders, supported by approximately $2 billion of dry powder and the resources of Blackstone, which manages over $1.3 trillion in assets.
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Filing Explained
The release’s FFO and AFFO per-share figures are adjusted, non-GAAP measures: their stated 99,223,829-share denominator covers only the period from the May 15 IPO closing through June 30, rather than the full quarter.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Net income (Q2 2026): $7.1 million
Net income per share (Q2 2026): $0.14
Net income per share (six months 2026): $0.28
+5 more
8 metrics
Net income (Q2 2026)
$7.1 million
Net income for the quarter ended June 30, 2026
Net income per share (Q2 2026)
$0.14
Net income per share, basic and diluted, for the quarter ended June 30, 2026
Net income per share (six months 2026)
$0.28
Net income per share, basic and diluted, for the six months ended June 30, 2026
FFO per adjusted share (Q2 2026)
$0.07
FFO per adjusted share, basic and diluted, three months ended June 30, 2026
AFFO per adjusted share (Q2 2026)
$0.08
AFFO per adjusted share, basic and diluted, three months ended June 30, 2026
Weighted-average shares outstanding (Q2 2026)
50,157,102 shares
Weighted-average shares of common stock outstanding, basic and diluted, three months ended June 30, 2026
Adjusted weighted-average shares
99,223,829 shares
Adjusted weighted-average shares of common stock outstanding, basic and diluted, three and six months ended June 30, 2026
Available dry powder
$2 billion
CEO statement on capital available to pursue investment opportunities
Key Terms
Funds from Operations, Adjusted FFO, dry powder, hyperscale tenants, +2 more
6 terms
Funds from Operations financial
"Funds from Operations ("FFO"), and adjusted FFO ("AFFO") per share were $0.07 and $0.08"
Funds from operations (FFO) measures the cash a real estate-focused company generates from its core property operations by adjusting net income to add back non-cash expenses like building depreciation and removing one-time gains or losses from property sales. Investors use FFO like a household’s monthly take-home pay—it's a clearer view of ongoing cash available to pay dividends, maintain properties and fund growth than raw accounting profit.
Adjusted FFO financial
"Funds from Operations ("FFO"), and adjusted FFO ("AFFO") per share were $0.07 and $0.08"
Adjusted funds from operations (FFO) is a measure of how much cash a real estate investment generates from its regular business activities, excluding certain adjustments like accounting items or non-recurring expenses. It provides a clearer picture of the company's ongoing financial health, helping investors understand its true cash-generating ability. Think of it as measuring how much money a store makes from sales, after removing one-time costs or gains, to see its steady income flow.
dry powder financial
"with $2 billion of dry powder and the resources of Blackstone"
Dry powder is the cash or liquid assets that investors or funds keep on hand and are ready to deploy into new investments or to cover obligations. Think of it like a firefighter’s reserve of water: it lets investors act quickly when bargains appear or when markets turn sour, so it influences a fund’s ability to buy assets, support portfolio companies, or weather losses.
hyperscale tenants technical
"stabilized data center properties leased to investment-grade hyperscale tenants on long-term contracts"
Hyperscale tenants are large organizations that use or require vast amounts of digital infrastructure, such as data storage and processing power, to support their operations. They resemble major tenants in a building who occupy entire floors or multiple buildings because of their substantial needs. For investors, these tenants are important because they often sign long-term, high-value agreements, providing stable and significant revenue streams for the infrastructure providers.
forward-looking statements regulatory
"This press release may contain forward-looking statements within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
registration statement on Form S-11 regulatory
"relating to our registration statement on Form S-11 (File No. 333-294977)"
A registration statement on Form S-11 is a detailed disclosure document filed with the U.S. Securities and Exchange Commission when certain real estate companies or similar issuers offer securities to the public. It lays out the company’s business, properties, financial statements, risks, and the terms of the offering — like a product label or instruction sheet — so investors can judge the investment’s nature and safety before deciding to buy.
Earnings Snapshot
Net income: $7.1 million
Three and six months ended June 30, 2026
Net income
$7.1 million
Net income per share
$0.14 (Q2 2026); $0.28 (six months 2026)
FFO per adjusted share
$0.07
AFFO per adjusted share
$0.08
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were Blackstone Digital Infrastructure Trust (BXDC)'s Q2 2026 earnings?
Blackstone Digital Infrastructure Trust reported net income of $7.1 million for Q2 2026, equal to $0.14 per share. For the six months ended June 30, 2026, net income was also $7.1 million, or $0.28 per share, reflecting its recent IPO during the period.
What is Blackstone Digital Infrastructure Trust (BXDC)'s core business strategy?
BXDC focuses on acquiring and owning mission-critical, stabilized data center assets that power the modern digital economy. It targets newly constructed, income-generating properties leased to investment-grade hyperscale tenants on long-term contracts, aiming for stable cash flows and current income with growth from rent escalations and acquisitions.
How much investment "dry powder" does BXDC report having available?
Management highlights access to approximately $2 billion of dry powder. This capital base, together with the resources of Blackstone, is cited as positioning BXDC to pursue its digital infrastructure investment opportunities in stabilized, income-generating data center properties.
What conference call and materials accompany BXDC's Q2 2026 results?
BXDC scheduled a 9:00 a.m. ET conference call on August 4, 2026 to discuss results, with webcast registration via a provided link. An updated investor presentation and a replay of the call are made available on the company’s website at www.bxdc.com.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): August 4, 2026
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS. Employer Identification No.) | ||||||||||||
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code:
(212 ) 583-5000
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒
Item 2.02 Results of Operations and Financial Condition.
On August 4, 2026, Blackstone Digital Infrastructure Trust Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2026. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information contained under Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and will not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | Press Release of Blackstone Digital Infrastructure Trust Inc. dated as of August 4, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BLACKSTONE DIGITAL INFRASTRUCTURE TRUST INC. | ||||||||
Date: | ||||||||
| By: | /s/ Anthony F. Marone, Jr. | |||||||
| Name: | Anthony F. Marone, Jr. | |||||||
| Title: | Chief Financial Officer and Treasurer | |||||||
Blackstone Digital Infrastructure Trust Reports Second-Quarter 2026 Results
New York, August 4, 2026 -- Blackstone Digital Infrastructure Trust Inc. (NYSE: BXDC) today reported its second-quarter 2026 results. Net income for the quarter was $7.1 million, and net income per share was $0.14. Funds from Operations (“FFO”), and adjusted FFO (“AFFO”) per share were $0.07 and $0.08, respectively.
Nick Pell, Chief Executive Officer and President said, “We are thrilled to have recently completed our initial public offering and are deeply grateful to our investors for their support. The stabilized data center market is rapidly growing and underpinned by highly compelling fundamentals. We believe BXDC is uniquely positioned to capture this compelling investment opportunity, with $2 billion of dry powder and the resources of Blackstone, the largest investor in data centers globally.”
An updated investor presentation may be viewed on Blackstone Digital Infrastructure Trust’s website at www.bxdc.com.
Quarterly Investor Call Details
Blackstone Digital Infrastructure Trust will host a conference call today at 9:00 a.m. ET to discuss results. To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1767809&tp_key=25f3f3efbf. For those unable to listen to the live broadcast, a recorded replay will be available on the company's website at www.bxdc.com beginning approximately two hours after the event.
About Blackstone Digital Infrastructure Trust
Blackstone Digital Infrastructure Trust (NYSE: BXDC) is a newly organized company focused on acquiring and owning mission-critical data center assets that power the modern digital economy. BXDC targets newly-constructed, income-generating, stabilized data center properties leased to investment-grade hyperscale tenants on long-term contracts. Our investment strategy is designed to generate stable, long-term cash flows and deliver current income to shareholders, with growth potential through contractual rent escalations and accretive acquisition opportunities. BXDC is externally managed by an affiliate of Blackstone (NYSE: BX), the world’s largest alternative asset manager and the largest financial investor in data center and digital infrastructure assets globally. Further information is available at www.bxdc.com.
About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
Blackstone Digital Infrastructure Trust Inc.
345 Park Avenue
New York, New York 10154
T 212 655 0220
Forward-Looking Statements and Other Matters
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect BXDC's current views with respect to, among other things, its operations and financial performance, its business plans and the impact of the current macroeconomic environment, including interest rate changes. Such forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “can,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “possible,” “initiatives,” “measures,” “poised,” “focus,” “seek,” “objective,” “goal,” “vision,” “drive,” “opportunity,” “target,” “strategy,” “expect,” “plan,” “potential,” “potentially,” “path,” “positioned,” “illustrative,” “hypothetical,” “preparing,” “projected,” “future,” “tomorrow,”, “thesis”, “long-term,” “should,” “could,” “would,” “might,” “help,” or other similar words. Such statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those projected or anticipated, including, without limitation: the risk that we may not be able to complete any anticipated future capital-raising initiatives on the anticipated timing or at all and apply any net proceeds as indicated; general business and economic conditions; our lack of operating history; our lack of ownership of data center assets; our dependence on our manager; continued volatility and uncertainty in the credit markets and broader financial markets, including potential fluctuations in the Consumer Price Index and changes in foreign currency exchange rates; other risks inherent in the real estate business, including tenant defaults, potential liability relating to environmental matters, illiquidity of real estate investments, and potential damages from natural disasters; the availability of suitable acquisitions and our ability to acquire those properties or businesses on favorable terms; our success in implementing our business strategy and our ability to identify, underwrite, finance, consummate, integrate and manage diversifying acquisitions or investments; our ability to manage our expanded operations, including expansion into new markets or business lines; our failure to realize the intended benefits from, or disruptions to our plans and operations or unknown or contingent liabilities related to future acquisitions; our failure to successfully integrate and operate acquired or developed properties or businesses; our ability to meet budgeted or stabilized returns on expansion projects within expected time frames, or at all; our ability to renew leases; the impact of supply chain disruptions, including the impact on labor availability, raw material availability, manufacturing and transportation; difficulties managing our acquiring or operating properties; changes in political conditions, geopolitical turmoil, political instability, civil disturbances, restrictive governmental actions or nationalization in the countries in which we operate; the degree and nature of our competition; our failure to generate sufficient cash flows to service our outstanding indebtedness; our ability to access debt and equity capital markets; continued increases and volatility in interest rates; increased power (including the availability thereof), labor or construction costs and availability of power and water supplies; increased vacancy rates; labor shortages or our inability to attract and retain talent; changes in, or the failure or inability to comply with, government regulation; a failure of our information technology systems, systems conversions and integrations, cybersecurity attacks or a breach of our information security systems, networks or processes; our failure to qualify or maintain our status as a real estate investment trust for U.S. federal income tax purposes; changes in local, state, federal and international laws and regulations, including related to taxation, real estate and zoning laws, and increases in real property tax rates; the impact of any financial, accounting, legal or regulatory issues or litigation that may affect us; those factors described under the section entitled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission (“SEC”), including those set forth in the “Risk Factors” section in our final prospectus filed with the SEC on May 15, 2026 pursuant to Rule 424(b)(4) under the Securities Act relating to our registration statement on Form S-11 (File No. 333-294977), as such factors may be updated from time to time in BXDC’s periodic filings with SEC which are accessible on the SEC’s website at www.sec.gov.
Blackstone Digital Infrastructure Trust Inc.
345 Park Avenue
New York, New York 10154
T 212 655 0220
These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this presentation and in the filings. BXDC assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.
We refer to FFO and AFFO per share, which are non-GAAP financial measures, in this press release. A reconciliation to net income attributable to Blackstone Digital Infrastructure Trust, the most directly comparable GAAP measure, is outlined below.
Blackstone Digital Infrastructure Trust Inc.
345 Park Avenue
New York, New York 10154
T 212 655 0220
The following tables present a reconciliation of Net income to FFO and AFFO and Net income per share to FFO and AFFO per adjusted share ($ in thousands, except share and per share data):
Three Months Ended June 30, 2026 | Six Months Ended June 30, 2026 | ||||||||||
Net income | $ | 7,080 | $ | 7,080 | |||||||
FFO | $ | 7,080 | $ | 7,080 | |||||||
Adjustments to arrive at AFFO: | |||||||||||
Organization costs | 535 | 535 | |||||||||
Amortization of restricted stock awards | 76 | 76 | |||||||||
| AFFO | $ | 7,691 | $ | 7,691 | |||||||
Weighted-average shares of common stock outstanding, basic and diluted | 50,157,102 | 25,217,107 | |||||||||
Adjusted weighted-average shares of common stock outstanding, basic and diluted(1) | 99,223,829 | 99,223,829 | |||||||||
| Net income per share, basic and diluted | $ | 0.14 | $ | 0.28 | |||||||
| FFO per adjusted share, basic and diluted | $ | 0.07 | $ | 0.07 | |||||||
| AFFO per adjusted share, basic and diluted | $ | 0.08 | $ | 0.08 | |||||||
(1)Adjusted weighted-average shares of common stock outstanding, basic and diluted are calculated from May 15, 2026 (the date we closed our IPO) through June 30, 2026. | |||||||||||
Blackstone Digital Infrastructure Trust Inc.
345 Park Avenue
New York, New York 10154
T 212 655 0220
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Blackstone Digital Infrastructure Trust Inc.
345 Park Avenue
New York, New York 10154
T 212 655 0220