Digital Realty Trust entered into a new at‑the‑market (ATM) equity offering sales agreement on May 4, 2026 that will allow the company to sell up to $7.5 billion of common stock. The agreement also terminates the company’s prior ATM program, which had roughly $569.9 million of capacity remaining, consolidating its capital‑raising strategy into a single, larger program.
The proceeds from the offering will be deployed to repay borrowings on global revolving credit facilities and other debt, fund acquisitions and development projects, and support general corporate purposes. This financing is intended to reinforce the company’s balance sheet and provide the capital needed to accelerate expansion of its data‑center portfolio, particularly in AI‑related infrastructure that is driving demand for hyperscale capacity.
Management highlighted the strategic intent behind the capital raise, stating, “We are swiftly advancing hyperscale AI‑oriented capacity in the U.S., growing our connectivity‑rich portfolio across key global markets, and broadening our capital base to prudently extend Digital Realty’s runway for growth.” The company’s recent record bookings and a backlog of $1.8 billion underscore the momentum behind its growth strategy.
Financially, Digital Realty’s debt to adjusted EBITDA ratio stood at 4.7× and its fixed‑charge coverage ratio at 4.9×, indicating a healthy leverage profile before the new equity issuance. While the offering could modestly dilute existing shareholders over time, the additional capital is expected to support the company’s expansion plans and strengthen its competitive position in the data‑center market.
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