Digital Realty Trust: Three Acquisitions To Advance Strategic Priorities

Research evidence excerpt

Digital Realty Trust: Three Acquisitions To Advance Strategic Priorities

Deutsche Bank

Research

Rating Company Date

Buy Digital Realty Trust 22 June 2026

North America Reuters Bloomberg Rating Buy

United States DLR.N DLR US Price target (USD) 220.00 Price at 18 Jun 26 188.15

52-week range 203.91 – 147.93

TMT

Telecom Services Valuation & Risks

Three Acquisitions To Advance Strategic

Priorities BenjaminResearch AnalystSoff

+1-212-250-3716

Digital Realty announced a series of three transactions this morning, totaling

Bryan Kraft $1.6B (of which ~3/4 will be funded with equity). These deals each incrementally Research Analyst

advance the company’s key strategic priorities: hyperscale development at scale, +1-212-250-0117

growing its presence in the enterprise colocation market, and deploying private

capital to supplement DLR’s core business. We outline our key takeaways from Spencer Amer

Research Associate each transaction below:

+1-212-250-4386

▪ DLR has acquired 1,440 acres of land near Kansas City for $475M, to

Shiv-A Singh

support hyperscale data center development. We believe Kansas City is Research Associate

one of the fastest growing US hyperscale data center markets - with +1-212-250-0118

relatively close proximity to major data center hubs in Chicago and Dallas

- and this transaction enables DLR to build a newly scaled presence in

that market. Critically, DLR has secured an Energy Service Agreement

with the local utility to deliver 600 MW of total power to the site by early

2028, of which we expect ~75% could end up as data center load (~450

MW). This site can also potentially support up to 2 GW of total capacity

in the future. In the current environment, sourcing power is becoming a

key limiting factor for scaled data center development. By securing a