Blackstone Digital (BXDC) Q2 2026 Earnings Call

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DATE

Tuesday, Aug. 4, 2026 astatine 9 a.m. ET

CALL PARTICIPANTS

• Vice President, Shareholder Relations - Timothy Hayes

• President and Chief Executive Officer - Nick Pell

• Chief Investment Officer - Mike Forman

• Chief Financial Officer - Tony Marone

• Executive Vice President of Strategy - Andrew Winchell

Full Conference Call Transcript

Operator: Good day, and invited to the Blackstone Digital Infrastructure Trust Second Quarter 2026 Investor Call. Today's league is being recorded. [Operator Instructions] At this time, I'd similar to crook the league implicit to Tim Hayes, Vice President, Shareholder Relations. Please spell ahead.

Timothy Hayes: Good morning, and welcome, everyone, to Blackstone Digital Infrastructure Trust Second Quarter 2026 Earnings Conference Call. I'm joined contiguous by Nick Pell, President and Chief Executive Officer; Mike Forman, Chief Investment Officer; Tony Marone, Chief Financial Officer; and Andrew Winchell, Executive Vice President of Strategy. This morning, we filed our 10-Q and issued a property merchandise summarizing our results, which are disposable connected our website and person been filed with the SEC. I would similar to punctual everyone that today's telephone volition see forward-looking statements, which are taxable to risks, uncertainties and different factors extracurricular of the company's control. Actual results whitethorn disagree materially.

For a treatment of immoderate of the risks that could impact results, delight spot the Risk Factors conception wrong our prospectus dated May 13, 2026, which is accessible connected the SEC's website astatine www.sec.gov. We bash not undertake immoderate work to update forward-looking statements. We volition besides notation to definite non-GAAP measures connected this call. And for reconciliations, you should notation to the property merchandise and 10-Q. This audio formed is copyrighted worldly of Blackstone Digital Infrastructure Trust and whitethorn not beryllium duplicated without our consent. For the 2nd quarter, we reported GAAP nett income of $0.14 per share, portion funds from operations, oregon FFO, was $0.07 per stock and adjusted FFO, oregon AFFO, was $0.08 per share.

As a reminder, we completed our archetypal nationalist offering successful May 2026 and had nary existent property operations during the 4th ended June 30, 2026, arsenic the nett proceeds of the offering were invested successful currency and currency equivalents. Therefore, we bash not judge 2Q results are indicative of the operating show we expect to execute upon deployment of our superior into people assets. With that, I volition present crook the telephone implicit to Nick.