Real Estate
Digital Realty’s $1.5 Billion Deal Joins Wave of US Share Sales
- Data center REIT adds to deals by publicly traded firms
- End of earnings-season pause could see more transactions
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Data-center real estate investment trust Digital Realty Trust Inc. sold $1.5 billion of stock in the largest sale of new shares by a public company in the US since March, as Corporate America and many of its biggest investors resume the heady pace set in the first quarter.
Companies and shareholders raised nearly $46 billion in the first three months of 2024 via sales of new and existing shares, excluding initial public offerings, data compiled by Bloomberg show. That’s the busiest stretch since the third quarter of 2021, and as the earnings-season pause comes to a close, observers are expecting more deals following that playbook.