🔴 Digital Realty Trust is trading 7.3% down today on dilution concerns from a $2.35 billion Blackstone secondary offering

Digital Realty Trust is trading 7.3% down at $163.23 as investors react to dilution concerns stemming from a $2.35 billion secondary offering linked to Blackstone.

• The offering involves approximately 12.3 million shares being sold by Blackstone, creating significant near-term supply pressure on the stock.
• The sale follows Digital Realty’s $3.5 billion acquisition of Blackstone data center interests, which included a large equity component.
• Digital Realty is not receiving any proceeds from the offering, as the transaction consists entirely of shares held by Blackstone.