June 10, 2026 04:01 AM GMT Blackstone Digital Infrastructure Trust | North America Attractive TAM, Awaiting Execution - Initiate EW We initiate coverage of BXDC at EW with a PT of $23, reflecting attractive data center tailwinds and acquisition TAM, balanced by execution risk given no acquisitions to date. Long-term leases with fixed escalators may further limit upside from broader AI- driven industry growth. M Key Takeaways Investment Outlook: BXDC, a REIT targeting triple net lease structures, offers expo ...