Blackstone Digital Infrastructure Trust (BXDC) investor relations material

Company overview and business model

• Newly organized externally managed REIT focused on acquiring and owning stabilized, income-generating data center assets in the U.S. leased to investment-grade hyperscale tenants on long-term contracts.

• Targets mission-critical digital infrastructure supporting cloud computing, AI, and digital transformation, with a strategy emphasizing predictable yields and stable cash flows.

• Externally managed by an affiliate of a global investment manager with extensive experience in real estate and infrastructure, leveraging a large network and sector expertise.

• No data center assets acquired as of the IPO; considered a "blind pool" with broad discretion in use of proceeds.

• Intends to qualify as a REIT for U.S. federal income tax purposes and operate through an UPREIT structure.

Financial performance and metrics

• As of March 31, 2026, no operating revenues or assets; principal operations will commence upon completion of the IPO.

• Audited and unaudited balance sheets show no assets or liabilities prior to the offering; organizational and offering costs advanced by the manager.

• No historical financial performance as the company has not commenced operations or acquired investments.

Use of proceeds and capital allocation

• Net proceeds from the IPO will be invested primarily in data center assets in line with the stated investment strategy and for general corporate purposes.

• Full investment of net proceeds in data center assets expected within six to twelve months post-offering.

• Until fully invested, proceeds may be held in cash, money market instruments, government securities, or high-quality debt instruments, which are expected to yield lower returns than target assets.