DLR

Digital Realty is facing mild pressure following the announcement of a secondary offering of common stock by Blackstone, which was disclosed late in the session on June 29. This equity offering coincides with the company's move to acquire a majority stake in three fully leased Northern Virginia data centers from Blackstone-managed funds in a deal valued at 7.8 billion dollars. While the company continues to expand its footprint in the high-performance computing and AI infrastructure space, the market appears to be reacting to the dilutive impact of the secondary offering.