Digital Realty Acquires $3.5 Billion Stake in Blackstone Data Centers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2026
0mins
Source: Newsfilter
- Acquisition Overview: Digital Realty announced the acquisition of a $3.5 billion stake in three data centers from Blackstone, comprising $1.2 billion in cash and $2.3 billion in shares, with the transaction expected to close on Tuesday, indicating the company's intent to expand in the data center sector.
- Asset Valuation Insight: The three data centers located in Virginia are valued at $7.8 billion, with Digital Realty acquiring an 80% interest in two facilities, highlighting its strategic investment in high-value assets.
- Market Reaction: Following the acquisition announcement, Digital Realty's stock fell 3.7% in premarket trading, reflecting market caution regarding the deal and potentially impacting investor confidence in the company's future growth prospects.
- Operational Capacity Enhancement: This transaction will enhance Digital Realty's operational capacity in Virginia, particularly with two 96-megawatt data centers, further solidifying its leadership position in the data center market.
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Analyst Views on DLR
Wall Street analysts forecast DLR stock price to rise
18 Analyst Rating
15 Buy
2 Hold
1 Sell
Strong Buy
Current: 173.700
Low
139.00
Averages
189.06
High
220.00
Current: 173.700
Low
139.00
Averages
189.06
High
220.00
About DLR
Digital Realty Trust, Inc. is a real estate investment trust. The Company owns, acquires, develops, and operates data centers through its operating partnership subsidiary, Digital Realty Trust, L.P. The Company is focused on providing data center, colocation, and interconnection solutions for domestic and international customers across a variety of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products. Its portfolio consists of over 308 data centers, of which 121 are located in the United States, 112 are located in Europe, 36 are located in Latin America, 16 are located in Africa, 16 are located in Asia, six are located in Australia and three are located in Canada. Its PlatformDIGITAL is a global data center platform for scaling digital business which enables customers to deploy their critical infrastructure with a global data center provider.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- High Occupancy Rates: Despite challenges in the retail sector, Realty Income maintains over 98% occupancy due to top tenants like Dollar General and Walmart, with occupancy only dipping to 97.9% during the pandemic in 2020, showcasing the resilience of its business model.
- Market Adaptability: Realty Income is exploring the artificial intelligence infrastructure market by partnering with Digital Realty for new facilities, indicating the company's flexibility and foresight in emerging markets, even though this is not yet a significant business.
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See More
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