Digital Realty announced €1.4 billion in senior unsecured notes to finance projects aligned with its Green Bond Framework.
Quiver AI Summary
Digital Realty announced the pricing of two new offerings of Guaranteed Notes through its subsidiary Digital Euro Finco, LLC. The offerings include €600 million of 3.750% notes due in 2033 and €800 million of 4.250% notes due in 2037. Both notes will be senior unsecured obligations guaranteed by Digital Realty and its operating partnership. Interest will be paid annually, with the offerings set to close on November 20, 2025, subject to standard conditions. Proceeds from these notes will be used to finance projects aligned with Digital Realty's Green Bond Framework, as well as for general corporate purposes. The notes will be offered only outside the U.S. and are not registered under U.S. securities laws.
Potential Positives
- Digital Realty successfully priced €1.4 billion in aggregate principal amount of Euro Notes, indicating strong market interest and confidence in the company’s financial stability.
- The proceeds from the offering will be allocated to finance or refinance projects consistent with Digital Realty's Green Bond Framework, highlighting the company's commitment to sustainability and responsible investment.
- The interest rates of 3.750% for the 2033 Notes and 4.250% for the 2037 Notes are competitive, suggesting favorable terms for raising capital.
Potential Negatives
- Issuing €1.4 billion in Guaranteed Notes may signal potential liquidity concerns or cash flow issues, raising doubts about the company’s financial stability.
- The offering of the Euro Notes is only available outside the United States, which could limit investor interest and hinder market access for U.S. investors.
- The fact that there are no key information documents prepared for retail investors in both the EEA and the UK may further restrict access to a broader investor base, potentially impacting demand for the securities.
FAQ
What are the Euro Notes being offered by Digital Realty?
Digital Realty is offering €600 million of 3.750% Guaranteed Notes due 2033 and €800 million of 4.250% Guaranteed Notes due 2037.
When will the offering of Euro Notes close?
The offering is expected to close on November 20, 2025, pending customary closing conditions.
How will the proceeds from the Euro Notes be used?
The proceeds will finance or refinance projects aligned with Digital Realty’s Green Bond Framework and other corporate purposes.
Who is eligible to purchase the Euro Notes?
The Euro Notes are available only to investors outside the United States and not intended for retail investors in the EEA or UK.
What is the interest rate on the Euro Notes?
The interest rates are 3.750% per annum for the 2033 Notes and 4.250% per annum for the 2037 Notes.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DLR Congressional Stock Trading
Members of Congress have traded $DLR stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $DLR stock by members of Congress over the last 6 months:
- REPRESENTATIVE MARJORIE TAYLOR GREENE purchased up to $15,000 on 09/11.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$DLR Insider Trading Activity
$DLR insiders have traded $DLR stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $DLR stock by insiders over the last 6 months:
- ANDREW POWER (PRESIDENT AND CEO) has made 0 purchases and 2 sales selling 58,000 shares for an estimated $10,158,996.
- MARK R PATTERSON sold 175 shares for an estimated $30,887
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DLR Hedge Fund Activity
We have seen 600 institutional investors add shares of $DLR stock to their portfolio, and 533 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 4,007,918 shares (-86.8%) from their portfolio in Q2 2025, for an estimated $698,700,344
- COHEN & STEERS, INC. added 1,585,228 shares (+7.1%) to their portfolio in Q2 2025, for an estimated $276,352,797
- CITADEL ADVISORS LLC added 1,402,373 shares (+1632.1%) to their portfolio in Q2 2025, for an estimated $244,475,685
- UBS GROUP AG added 820,874 shares (+61.9%) to their portfolio in Q2 2025, for an estimated $143,102,964
- D. E. SHAW & CO., INC. removed 731,231 shares (-58.7%) from their portfolio in Q2 2025, for an estimated $127,475,500
- JPMORGAN CHASE & CO removed 666,969 shares (-12.4%) from their portfolio in Q3 2025, for an estimated $115,305,600
- RESOLUTION CAPITAL LTD added 596,420 shares (+25.2%) to their portfolio in Q2 2025, for an estimated $103,973,898
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DLR Analyst Ratings
Wall Street analysts have issued reports on $DLR in the last several months. We have seen 8 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Citigroup issued a "Buy" rating on 10/29/2025
- Barclays issued a "Underweight" rating on 10/27/2025
- JP Morgan issued a "Overweight" rating on 10/24/2025
- Wolfe Research issued a "Outperform" rating on 10/20/2025
- Truist Securities issued a "Buy" rating on 07/30/2025
- Raymond James issued a "Strong Buy" rating on 07/25/2025
- Stifel issued a "Buy" rating on 07/25/2025
To track analyst ratings and price targets for $DLR, check out Quiver Quantitative's $DLR forecast page.
$DLR Price Targets
Multiple analysts have issued price targets for $DLR recently. We have seen 11 analysts offer price targets for $DLR in the last 6 months, with a median target of $195.0.
Here are some recent targets:
- Anthony Hau from Truist Securities set a target price of $200.0 on 11/05/2025
- Michael Rollins from Citigroup set a target price of $212.0 on 10/29/2025
- Brendan Lynch from Barclays set a target price of $161.0 on 10/27/2025
- Michael Elias from TD Cowen set a target price of $179.0 on 10/24/2025
- Richard Choe from JP Morgan set a target price of $210.0 on 10/24/2025
- Andrew Rosivach from Wolfe Research set a target price of $194.0 on 10/20/2025
- Cameron McVeigh from Morgan Stanley set a target price of $195.0 on 10/16/2025
Full Release
AUSTIN, Texas, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today that Digital Euro Finco, LLC, a wholly owned indirect finance subsidiary of the company’s operating partnership, Digital Realty Trust, L.P., priced an offering of €600 million aggregate principal amount of 3.750% Guaranteed Notes due 2033 (the “2033 Notes”) at a price of 99.935% of the principal amount and €800 million aggregate principal amount of 4.250% Guaranteed Notes due 2037 at a price of 99.364% of the principal amount (the “2037 Notes” and, together with the 2033 Notes, the “Euro Notes”).
The Euro Notes will be senior unsecured obligations of Digital Euro Finco, LLC and will be fully and unconditionally guaranteed by the company and the operating partnership. Interest on the 2033 Notes will be payable annually in arrears at a rate of 3.750% per annum from and including November 20, 2025 and will mature on January 15, 2033. Interest on the 2037 Notes will be payable annually in arrears at a rate of 4.250% per annum from and including November 20, 2025 and will mature on November 20, 2037. Closing of the offering is expected to occur on November 20, 2025, subject to the satisfaction of customary closing conditions.
The company intends to allocate an amount equal to the net proceeds from the offering of the Euro Notes to finance or refinance, in part or in full, new and/or existing projects consistent with Digital Realty’s Green Bond Framework, including the development and redevelopment of such projects. Pending the allocation of the net proceeds of the Euro Notes to such projects, all or a portion of an amount equal to the net proceeds from the Euro Notes may be used to temporarily repay borrowings outstanding under the operating partnership’s global revolving credit facilities, acquire additional properties or businesses, fund development opportunities, invest in interest-bearing accounts and short-term, interest-bearing securities which are consistent with the company’s intention to qualify as a REIT for U.S. federal income tax purposes, and to provide for working capital and other general corporate purposes, including potentially for the repayment of other debt, or the redemption, repurchase, repayment or retirement of outstanding equity or debt securities, or a combination of the foregoing.
The Euro Notes are being sold only outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Euro Notes have not been and will not be registered under the Securities Act and may not be offered or sold in the United States or to United States persons (within the meaning of Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Euro Notes, nor shall there be any offer, solicitation or sale of the Euro Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the timing and consummation of the offering of the Euro Notes and the expected use of the net proceeds. The company can provide no assurances that it will be able to complete the offering on the anticipated terms, or at all. For a further list and description of such risks and uncertainties, see the company’s reports and other filings with the U.S. Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2024 and the Quarterly Report on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025, and September 30, 2025. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Reg S Statement
This communication is not an offer to sell or a solicitation of an offer to buy securities of Digital Realty Trust, Inc. or its subsidiaries. The securities have not been and will not be registered under the Securities Act, or with any securities regulatory authority of any state or other jurisdiction of the United States. Consequently, the securities may not be offered, sold, resold, transferred, delivered or distributed, directly or indirectly, into or within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. Any offering of the securities will be conducted pursuant to Regulation S under the Securities Act.
Notice to EEA Investors
The Euro Notes are not intended to be offered, sold or otherwise made available to and, with effect from such date, should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (the “EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of Directive 2016/97/EU (as amended, the “IMD”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. No key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling any in scope instrument or otherwise making such instruments available to retail investors in the EEA has been prepared. Offering or selling the Euro Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation. This communication has been prepared on the basis that any offers or sales of Euro Notes in any Member State of the EEA will be made pursuant to an exemption under Regulation (EU) 2017/1129 (as amended or superseded, the “Prospectus Regulation”) from the requirement to publish a prospectus for offers or sales of Euro Notes. This communication is not a prospectus for the purposes of the Prospectus Regulation.
Notice to UK Investors
This announcement is for distribution only to, and is directed at, persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.
The Euro Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”); or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000, as amended (the “FSMA”) and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA (“UK MiFIR”). Consequently, no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the Euro Notes or otherwise making them available to retail investors in the United Kingdom has been prepared and therefore offering or selling the Euro Notes or otherwise making them available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation.
Relevant stabilization regulations including FCA/ICMA apply. Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK.
Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
(415) 275 5344
[email protected]