Digital Realty Expands Growth with Major Strategic Acquisitions
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An announcement from Digital Realty ( (DLR) ) is now available.
On June 22, 2026, Digital Realty announced a series of transactions aimed at accelerating growth across hyperscale development, colocation and private capital activities. The company has acquired about 1,440 acres at Astra Enterprise Park near Kansas City for roughly $475 million in cash and operating partnership units, marking its entry into a top-30 U.S. data center metro and securing an energy service agreement that will provide up to two gigawatts of utility power, supporting large-scale hyperscale data center build-outs.
Digital Realty is also increasing its stake in Teraco, Africa’s leading data center platform, to 77% by purchasing a 16% interest for approximately $650 million, primarily via 3.4 million newly issued shares, reinforcing its colocation and connectivity footprint in the EMEA region. In addition, it plans to acquire Columbia Capital for about $485 million, largely paid in 2.3 million shares with a multi-year lockup and performance-based earnout, to deepen its Strategic Private Capital platform and gain greater expertise across communications and digital infrastructure, with all these equity-funded deals designed to enhance growth while maintaining balance sheet discipline and expected to close in the second half of 2026 subject to customary conditions.
The most recent analyst rating on (DLR) stock is a Buy
with a $232.00 price target.
To see the full list of analyst forecasts on Digital Realty stock,
see the DLR Stock Forecast page.
Spark’s Take on DLR Stock
According to Spark, TipRanks’ AI Analyst, DLR is a Neutral.
The score is driven by strong technical momentum and a constructive earnings outlook (raised FFO guidance, record backlog, and strong leasing activity). Financial performance is solid but held back by cash flow volatility and a large absolute debt load. Valuation is the biggest drag due to the very high P/E, partially offset by the dividend yield.
To see Spark’s full report on DLR stock,
click here.
More about Digital Realty
Digital Realty operates in the global data center industry, providing a full spectrum of data center, colocation and interconnection solutions via its PlatformDIGITAL offering. The company focuses on supporting cloud, digital transformation and AI workloads, managing data gravity challenges through more than 300 facilities across over 55 metros in more than 30 countries on six continents.
Its cloud- and carrier-neutral platform connects enterprises to key data communities and network-dense campuses, positioning Digital Realty as a critical infrastructure provider for hyperscale, enterprise and connectivity-focused customers worldwide. The firm also leverages a Strategic Private Capital platform to invest in adjacent digital infrastructure sectors.
Average Trading Volume: 2,156,206
Technical Sentiment Signal: Strong Buy
Current Market Cap: $66.12B
Find detailed analytics on DLR stock on TipRanks’ Stock Analysis page.
