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BXDC

Blackstone Digital Infrastructure Trust

BXDC

Market cap $2.07B

20.55 USD

+0.32

1.58%

At close Updated Sep 3, 4:00 PM EDT

Pre-market

After hours

20.55

0.00

0%

1 day

1.58%

5 days

0.54%

1 month

-0.68%

3 months

-5.47%

6 months

3.74%

Year to date

3.74%

1 year

3.74%

5 years

3.74%

10 years

3.74%

About: Blackstone Digital Infrastructure Trust Inc is a newly formed real estate investment trust (REIT). The company's focus is on acquiring and owning newly-constructed, income-generating, stabilized data center properties in the United States leased to investment-grade hyperscale tenants on long-term contracts.

Real Estate Specialty REIT

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 42.9%

Neutral 50%

Negative 7.1%

Baron Small Cap Fund Q2 2026 Portfolio Activity

Baron Small Cap Fund (the Fund) was up 12.57% (Institutional Shares) in the second quarter, trailing the Russell 2000 Growth Index (the Index) by 13.14%, as the Index was up 25.71%. Shares increased during the quarter as Vertiv reported strong Q1 financial results (adjusted earnings per share increased 83% year-over-year) and increased fiscal year guidance fueled by organic sales growth of around 30%. Planet Fitness, Inc. , the leading high-value, low-cost gym operator, detracted from performance in the second quarter after the company lowered full-year guidance following weaker-than-expected member additions in the first quarter.

Baron Small Cap Fund Q2 2026 Portfolio Activity

Blackstone Digital Infrastructure: A Blank-Check Dud

Blackstone Digital Infrastructure Trust is structurally positioned for subpar shareholder returns, with high upfront and ongoing expenses eroding potential gains. BXDC's blank check REIT structure and generic data center acquisition strategy yield a projected 4.9%–5.2% return, even in ideal scenarios. Management fees, incentive fees, and slow capital deployment further diminish returns, while competitive bidding may compress cap rates below targeted 6.2%.

Blackstone Digital Infrastructure: A Blank-Check Dud

Baron Discovery Fund Q2 2026 Portfolio Activity

We see a long runway for growth as Samsara expands in existing accounts and wins new logos. We believe Shake Shack is one of the most compelling growth stories in restaurants today, with a differentiated brand, improving unit economics, and an accelerating unit growth algorithm. We initiated a position in Rubrik, a subscription software company focused on automating backup, storage, and recovery of corporate data, as well as creating resilience to cyberattacks on that data.

Baron Discovery Fund Q2 2026 Portfolio Activity

I Don't Need A Data Center In My Backyard; I Already Own Hundreds Of Them

Data centers face soaring AI-driven demand amid mounting barriers to new supply, creating a scarcity effect and widening moats for established platforms. Digital Realty, Equinix, and Iron Mountain are industry leaders, but current valuations appear rich; I recommend waiting for a pullback. New entrants like Blackstone Digital Infrastructure Trust and Fermi America offer differentiated strategies, but BXDC lacks operating history and FRMI remains high-risk, pre-revenue.

I Don't Need A Data Center In My Backyard; I Already Own Hundreds Of Them

Blackstone Digital Infrastructure Trust Q2 Earnings Call Highlights

Blackstone Digital Infrastructure Trust NYSE: BXDC reported second-quarter results following its May initial public offering, while emphasizing that the period did not include real estate operations and was not indicative of its expected performance after capital deployment.

Blackstone Digital Infrastructure Trust Q2 Earnings Call Highlights

Blackstone Digital Infrastructure Trust Inc. (BXDC) Q2 2026 Earnings Call Transcript

Blackstone Digital Infrastructure Trust Inc. (BXDC) Q2 2026 Earnings Call Transcript

Blackstone Digital Infrastructure Trust Inc. (BXDC) Q2 2026 Earnings Call Transcript

Blackstone Digital Infrastructure Trust Reports Second-Quarter 2026 Results

NEW YORK--(BUSINESS WIRE)--Blackstone Digital Infrastructure Trust Inc. (NYSE: BXDC) today reported its second-quarter 2026 results. Net income for the quarter was $7.1 million, and net income per share was $0.14. Funds from Operations (“FFO”), and adjusted FFO (“AFFO”) per share were $0.07 and $0.08, respectively. Nick Pell, Chief Executive Officer and President said, “We are thrilled to have recently completed our initial public offering and are deeply grateful to our investors for their supp.

Blackstone Digital Infrastructure Trust Reports Second-Quarter 2026 Results

The REIT Recovery Broadens Beyond Rates

As REIT earnings season kicks into gear this week, we preview results and major sector trends based on recent operating indicators, company commentary, and real estate market data. REITs enter earnings season with solid momentum, outperforming the market despite elevated Treasury yields and geopolitical volatility, as investors refocus on earnings growth, property fundamentals, dividends, M&A, and capital allocation. Encouraging green shoots have become more plentiful, including resilient hotel demand, robust senior housing growth, improving apartment and industrial fundamentals, and a rebound in retail leasing following a softer Q1.

The REIT Recovery Broadens Beyond Rates

Potential Earnings Are Not Reflected In REIT Multiples

The REIT market overvalues recent 'kinetic' earnings growth and undervalues 'potential' forward earnings, creating mispricings across sectors. Data center REITs like DLR, EQIX, and BXDC trade at premium multiples, but current earnings momentum may be cyclical rather than sustainable. JAN, CTO, and UMH offer significant built-in AFFO/share growth potential not yet recognized by the market, trading at attractive valuations.

Potential Earnings Are Not Reflected In REIT Multiples

Blackstone Digital Infrastructure Trust Announces Second-Quarter 2026 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Blackstone Digital Infrastructure Trust, Inc. (NYSE: BXDC) (the “Company”) announced today that it will host its second-quarter 2026 investor conference call via public webcast on August 4, 2026 at 9:00 a.m. E.T. The Company will report its second-quarter results prior to the call the morning of August 4, 2026. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1767809&tp_key=25f3f3efbf For those unable to.

Blackstone Digital Infrastructure Trust Announces Second-Quarter 2026 Earnings Release and Conference Call

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