DIGITAL REALTY TRUST, INC. 8K

Digital Realty agreed to acquire Blackstone’s majority interests in three fully leased Northern Virginia hyperscale data centers for $3.5 billion in cash and stock at a $7.8 billion gross asset value, with closing expected June 30, 2026 and projected Core FFO accretion in 2027–2028.

Digital Realty announced that it has agreed to purchase Blackstone-affiliated funds’ blended 64% equity stake in three fully leased hyperscale data centers totaling 288 megawatts of IT capacity in Northern Virginia at a gross asset value of $7.8 billion, with total consideration of $3.5 billion to Blackstone consisting of $1.2 billion in cash and $2.3 billion in Digital Realty stock. The assets—two 96 MW data centers in Manassas and one 96 MW facility on the Digital Dulles campus in Sterling—are 100% leased under 15-year contracts to three distinct investment-grade hyperscale customers with a blended AA- credit rating and 3.6% annual rent escalators. The transaction, which includes assumed debt and remaining capex to complete ongoing development, will increase Digital Realty’s exposure to new capacity in the world’s largest data center market and is expected to close on June 30, 2026, subject to customary conditions. Two of the data centers are expected to stabilize in the first half of 2027 and the third in the first half of 2028, and Digital Realty expects the acquisition to be accretive to Core FFO per share in 2027 and 2028 as development is completed and rents commence, while also enhancing contractual organic rent growth and overall portfolio quality.

Filing Facts

CIK

1297996

Ticker

DLR

Form

8K

Source Type

sec

Accession

0001193125-26-288761

Alert Tier

7