Digital Realty Completes $3.58B Blackstone Acquisition; Blackstone Sells $2.28B in Shares at Premium
DLR sits 21% above its 52-week low of $146.23 on elevated volume (3.9× avg).
Summary
Digital Realty finalized its $3.58 billion acquisition of data center joint ventures from Blackstone, while Blackstone completed a $2.28 billion secondary offering of DLR shares at a premium to the current market price.
Key Events · M&A and Partnerships · DLR
-
Acquisition of Data Center JVs Completed
Digital Realty completed the acquisition of Blackstone's interests in the Digital Carver Dulles 9 and Digital Carver Brickyard joint ventures for $3.58 billion on June 30, 2026.
-
Major Secondary Offering by Blackstone
Blackstone affiliates completed an underwritten public offering on July 1, 2026, selling 12,310,249 shares of Digital Realty common stock for approximately $2.28 billion. Digital Realty did not receive any proceeds from this sale.
-
Offering Priced at a Premium
The secondary offering was priced at $185.00 per share, which is above the current market price of $176.315, suggesting strong investor confidence in the valuation.
-
Non-Voting Common Stock Established
Digital Realty filed Articles Supplementary to classify 12.31 million shares as non-voting common stock, which automatically converts to voting common stock upon transfer by the initial holder (Blackstone) to non-affiliates. This facilitated the secondary offering.
Analysis · DLR · Real Estate & Construction
This 8-K confirms the completion of Digital Realty's previously announced acquisition of Blackstone's interests in two data center joint ventures for $3.58 billion. Concurrently, Blackstone affiliates completed a secondary offering, selling 12.31 million shares of Digital Realty common stock for approximately $2.28 billion. The offering was priced at $185.00 per share, which is a premium to the current market price, indicating strong institutional demand. Digital Realty did not receive any proceeds from this secondary sale. The company also established a non-voting common stock class to facilitate this transfer, which automatically converts to regular common stock upon sale by Blackstone.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DLR was trading at $176.32 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $62B. The 52-week trading range was $146.23 to $208.14. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.