15 Best Data Center Stocks to Buy and Hold for the Next Decade

6. Digital Realty Trust, Inc. (NYSE:DLR)

On June 30, 2026, Digital Realty Trust, Inc. (NYSE:DLR) and Blackstone (BX) announced that Digital Realty agreed to purchase from Blackstone-affiliated funds a stake in three fully leased Northern Virginia data centers with 288 megawatts of total IT capacity. The assets were valued at $7.8B, reflecting an expected initial stabilized capitalization rate of over 6.5%. Digital Realty will pay Blackstone $3.5B for its blended 64% equity interest, consisting of $1.2B of cash and $2.3B in Digital Realty shares, based on the company’s last reported sale price on the New York Stock Exchange on June 29.

The portfolio includes two data centers in Manassas and one on the Digital Dulles campus in Sterling, each with 96 megawatts of IT capacity and 100% leased to three distinct investment-grade hyperscale customers. The purchase is expected to be completed on June 30, subject to customary closing conditions, with two data centers expected to stabilize in the first half of 2027 and the third in the first half of 2028.

On July 1, Barclays raised the firm’s price target on Digital Realty to $197 from $189 and kept an Equal Weight rating on the shares. Barclays raised targets in the communications infrastructure real estate investment trust group, citing higher growth expectations than previously modeled, as companies benefit from ongoing hyperscale demand and accelerating enterprise AI demand.

Digital Realty Trust, Inc. (NYSE:DLR) provides data center, colocation, and interconnection solutions.

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