Digital Realty announced three transactions on June 22, 2026: a $377.6 million land acquisition near Kansas City, an agr
The company acquired approximately 1,440 acres of land for development at Astra Enterprise Park near Kansas City on April 30, 2026, paying approximately $377.6 million in cash and issuing 517,475 common units of partnership interest in its operating partnership.
On May 8, 2026, the company entered into an agreement to purchase Columbia Capital, a communications and technology-focused investment firm founded in 1989 that manages over $9 billion in fund commitments from institutional investors including sovereign wealth funds, pension funds, and insurance companies. The transaction involves initial consideration of $45 million in cash and 2,337,036 shares of common stock, plus contingent payments of up to an additional $290 million in cash or 1,457,506 shares upon achievement of specified performance milestones. The equity consideration is subject to a multi-year lockup period, and the company has agreed to provide resale registration rights for the stock issued. The transaction is expected to close in the second half of 2026 subject to customary closing conditions and regulatory approvals.
On June 22, 2026, the company exercised an existing put right by agreeing to issue 3,425,031 shares of its common stock, valued at approximately $644.4 million based on the June 18, 2026 closing price, to purchase approximately 16% of interests in its Teraco joint venture from third party partners. This transaction will increase the company's ownership stake in Teraco, described as Africa's leading data center platform, from its current level to 77%. The company has agreed to provide resale registration rights to the sellers, and completion is expected in the second half of 2026 subject to customary closing conditions and regulatory approvals.
The securities issued in these transactions are exempt from registration under Section 4(a)(2) of the Securities Act as transactions not involving a public offering. The filing includes forward-looking statements acknowledging risks related to market conditions, satisfaction of closing conditions, and regulatory factors.