Blackstone to Sell $2.35 Billion in Digital Realty Stock Following Acquisition Close
DLR sits 28% above its 52-week low of $146.23.
Summary
Digital Realty announced a $2.346 billion secondary offering of its common stock by affiliates of Blackstone. The company will not receive any proceeds from this sale. The shares are being issued to Blackstone as consideration for a previously announced acquisition of joint venture interests, expected to close tomorrow, June 30, 2026. This offering represents a significant amount, approximately 3.5% of Digital Realty's market capitalization, and could create selling pressure as a major holder monetizes its stake.
At the time of this announcement, DLR was trading at $186.90 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $67B. The 52-week trading range was $146.23 to $208.14. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.