Digital Realty Trust is trading 7.3% down at $163.23 after a $2.35 billion secondary offering of shares linked to Blackstone hit the market.
- The offering involves approximately 12.3 million shares, triggering investor concerns regarding market supply and potential dilution.
- Digital Realty is not receiving any proceeds from the sale, which has created a significant share-sale overhang on the stock.
- Shares were already under pressure due to the broader Blackstone transaction structure and the anticipated impact of the secondary market supply.