• Digital Realty Trust shares are down 5.8% in pre-market to $170.00 after the company announced a $2.28 billion follow-on equity offering on July 13, 2026.
  • The offering, which involves issuing approximately 12.3 million new shares at $185.00 each, will provide capital for AI-focused data center projects but results in dilution for existing shareholders.
  • This significant capital raise and the associated dilution are seen as the primary catalysts for today's stock pullback, alongside BTIG initiating coverage with a 'Buy' rating on the same day.