DigitalBridge (DBRG) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 1. On ...

DigitalBridge (DBRG) shares ended the last trading session 17.2% higher at $7.97. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 25.8% loss over the past four weeks.DigitalBridge’ siginificant surge in its stock price follows the broader market rally driven by the optimism surrounding Trump’s announcement on April 9, 2025, of a 90-day pause on reciprocal tariffs for most trading partners, excluding China. The tari ...

Financial Performance - Total revenues for the year ended December 31, 2024, were $607.028 million, a decrease of 26.1% from $821.383 million in 2023[382]. - The Company reported a net income of $147.006 million for 2024, compared to a net income of $45.165 million in 2023[384]. - The fee revenue for 2024 was $329.693 million, an increase of 24.8% from $264.117 million in 2023[382]. - The principal investment income for 2024 was $30.023 million, a significant decrease of 79.3% from $145.448 million in 2023[382]. - The Company’s total expenses for 2024 were $496.865 million, down from $551.873 million in 2023, indicating a decrease of 10%[382]. - The income (loss) from discontinued operations for 2024 was $(18.865) million, compared to $(320.458) million in 2023, showing an improvement[382]. - The Company reported a comprehensive income (loss) of $(974,000) for the year ended December 31, 2024[393]. - Net income for the year ended December 31, 2024, was $147,006,000, a significant increase from $45,165,000 in 2023[396]. Assets and Liabilities - The Company's total assets decreased to $3.513 billion as of December 31, 2024, from $3.563 billion in 2023, reflecting a decline of 1.4%[380]. - The total liabilities decreased to $1.022 billion in 2024, down from $1.053 billion in 2023, representing a reduction of 2.9%[380]. - The Company’s accumulated deficit as of December 31, 2024, was $(6.838) billion, slightly improved from $(6.843) billion in 2023[380]. - The balance of total equity at December 31, 2024, was $2,466,834,000, compared to $2,491,301,000 at the end of 2023[393]. Investment and Market Activity - The company reported a management fee revenue of $11.6 million from vehicles with NAV or GAV fee basis, which constituted 5% of the total $35.5 billion FEEUM as of December 31, 2024[355]. - The company had $84 million in long positions and $48 million in short positions in marketable equity securities as of December 31, 2024[363]. - Principal investments increased from $1,194.417 million in 2023 to $1,391.316 million in 2024, reflecting a growth of approximately 16.5%[529]. - Carried interest allocation rose from $676.421 million in 2023 to $894.553 million in 2024, indicating a growth of about 32.3%[529]. - Marketable equity securities decreased from $17.487 million in 2023 to $242 thousand in 2024, showing a significant decline[529]. Cash Flow and Dividends - Cash generated from operating activities for 2024 was $60,122,000, compared to $233,637,000 in 2023, indicating a decrease in operational cash flow[396]. - Total cash, cash equivalents, and restricted cash at the end of 2024 was $306,298,000, down from $350,250,000 at the end of 2023[398]. - Dividends paid to preferred stockholders in 2024 amounted to $58,641,000, slightly lower than $58,761,000 in 2023[398]. - The Company declared common stock dividends of $0.04 per share, totaling $6,513 for the year[390]. Discontinued Operations - In 2023, the Company reported revenues from discontinued operations of $783.1 million, a decrease from $975.3 million in 2022, reflecting a decline of approximately 19.7%[506]. - The total loss from discontinued operations in 2023 was $320.5 million, compared to a loss of $510.2 million in 2022, indicating an improvement of about 37.2%[506]. - The Company recorded an income tax benefit of $190 in 2024 from discontinued operations, compared to an expense of $1.6 million in 2023[506]. - The Company’s discontinued operations included residual activities from former real estate investments, which have been largely disposed of as part of its transformation strategy[499]. Risk Factors - The company operates in a highly competitive investment management environment, which significantly impacts its ability to raise capital and maintain distributions to stockholders[20]. - Changes in debt financing markets or higher interest rates could negatively affect the value of certain assets and the ability of funds to access capital markets on attractive terms[26]. - The company is exposed to foreign currency risk, particularly from its InfraBridge advisor subsidiary, which incurs operating costs in Pound Sterling while receiving fee revenue predominantly in U.S. dollars[361]. - The market price of the company's class A common stock has been volatile, which could result in significant losses for shareholders[26]. - The company’s operations in foreign markets expose it to risks related to foreign exchange rate fluctuations[20]. Acquisitions and Investments - The Company acquired AMP Capital's global infrastructure equity investment management business for $314.3 million in cash, with additional contingent consideration based on future fundraising targets[525]. - The total consideration for the acquisition was $376.314 million, with cash assets of $365.440 million and contingent consideration valued at $10.874 million[527]. - The fair value of net assets acquired was $208.571 million, with goodwill recorded at $167.743 million[527]. Accounting and Financial Reporting - The Company accounts for acquisitions using the acquisition method, with transaction costs expensed as incurred[431]. - Contingent consideration related to business acquisitions is measured at fair value on the acquisition date and remeasured each reporting period until settled[434]. - The Company uses the asset and liability method for income taxes, reflecting expected future tax consequences of temporary differences[491]. - Basic earnings per share (EPS) is calculated using the two-class method, allocating earnings to common shares and participating securities[495]. - Diluted EPS considers the effect of potentially dilutive common share equivalents outstanding during the period[496].

Financial Data and Key Metrics Changes - DigitalBridge reported record fundraising of $9 billion in 2024, exceeding the annual target by 28% [6][12] - Assets under management grew from $80 billion to $96 billion, representing over 20% growth [8] - Fee revenues for Q4 2024 were $102 million, leading to a full-year total of $330 million, a 37% increase for Q4 and 23% for the full year [39] - Fee-related earnings increased to $107 million for the full year, up from $82 million, a 31% increase [43] Business Line Data and Key Metrics Changes - Management fees grew over 20% for the year and over 35% in Q4, while fee-related earnings grew over 30% for both periods [10][39] - The company raised $5.5 billion in co-invest capital to support new data center capacity, driven by cloud and AI demand [13] - The InfraBridge platform saw a reduction in fee-earning equity under management due to the end of an investment period in one of its funds [42] Market Data and Key Metrics Changes - The leasing pipeline across DigitalBridge's data center platforms increased by 22% year-over-year, with proposals rising from just over 5 gigawatts to over 6.2 gigawatts [102] - The demand for cloud and AI workloads is driving rapid growth, with leased capacity increasing from under 1 gigawatt to almost 4 gigawatts over four years [80] Company Strategy and Development Direction - The company aims to scale its business by focusing on fundraising, investing, and operational efficiency [36][94] - DigitalBridge plans to deploy approximately $20 billion into AI infrastructure in 2025, emphasizing the importance of connectivity and infrastructure for generative AI [92] - The company is launching new investment products and expanding its private wealth channel to enhance capital formation [56][90] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of delivering DPI (Distributions to Paid-In) to attract new capital, with a focus on returning capital to limited partners [24][120] - The company expects to grow fee-earning equity under management to $40 billion in 2025, with a target of 10% to 20% growth in fee-related earnings [49][51] - Management noted that development yields have stabilized, with a focus on maintaining double-digit yields in the right locations [110][115] Other Important Information - DigitalBridge's strong liquidity position includes $140 million in corporate cash and total liquidity of $440 million [41][48] - The company has secured a significant power bank of over 16 gigawatts, positioning it well for future growth [81] Q&A Session Summary Question: How does the qualified demand pipeline compare to last year? - The leasing pipeline is up year-over-year by about 22%, with proposals increasing from just over 5 gigawatts to over 6.2 gigawatts [102] Question: What are the expectations for hyperscale data center development yields and pricing in 2025? - Development yields have stabilized, and the company has not seen a retreat in yields, maintaining double-digit yields in strategic locations [110][115]

Core Insights - DigitalBridge (DBRG) reported a revenue of $101.55 million for the quarter ended December 2024, reflecting a year-over-year decline of 71% [1] - The earnings per share (EPS) for the same period was $0.11, slightly up from $0.10 a year ago, indicating a positive trend despite the revenue drop [1] - The reported revenue exceeded the Zacks Consensus Estimate of $96.72 million by 5%, while the EPS surpassed the consensus estimate of $0.08 by 37.5% [1] Financial Performance Metrics - Fee Earning Equity Under Management (FEEUM) stood at $35.5 billion, slightly below the average estimate of $35.67 billion from two analysts [4] - Fee revenue was reported at $101.55 million, which is a 37.2% increase compared to the year-ago quarter and higher than the estimated $78.29 million by three analysts [4] - Principal investment income (loss) was $1.24 million, significantly lower than the estimated $9.11 million by three analysts [4] - Other income was reported at $9.10 million, exceeding the average estimate of $4.05 million from two analysts, but showing a year-over-year decline of 30.4% [4] Stock Performance - DigitalBridge shares have returned -6.2% over the past month, contrasting with the Zacks S&P 500 composite's increase of 2.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Group 1: Earnings Performance - DigitalBridge reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and up from $0.10 per share a year ago [1] - The earnings surprise for this quarter was 37.50%, contrasting with a previous quarter where the company reported earnings of $0.06 against an expectation of $0.15, resulting in a surprise of -60% [2] - Over the last four quarters, DigitalBridge has surpassed consensus EPS estimates only once [2] Group 2: Revenue Insights - The company posted revenues of $101.55 million for the quarter ended December 2024, which was 5% above the Zacks Consensus Estimate, but down from $350.31 million year-over-year [3] - DigitalBridge has exceeded consensus revenue estimates two times in the last four quarters [3] Group 3: Stock Performance and Outlook - DigitalBridge shares have declined approximately 4.7% since the beginning of the year, while the S&P 500 has gained 4.5% [4] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the upcoming quarter at $0.11 on revenues of $97.71 million, and $0.40 on revenues of $417.63 million for the current fiscal year [8] Group 4: Industry Context - The REIT and Equity Trust industry, to which DigitalBridge belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, indicating potential challenges [9] - Research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than a factor of 2 to 1 [9]

anthan DIGITALBRIDGE EARNINGS PRESENTATION 4Q 2024 February 20, 2025 2 Common and Preferred Dividends DigitalBridge generated strong fundraising and financial performance in 2024, with double digit fee revenue and earnings growth for the year and the fourth quarter. With $9.0 billion in total fundraising, including $4.8 billion in 4Q, DigitalBridge continues to be the partner of choice to LPs allocating capital to Al and cloud infrastructure. In 4Q we delivered revenue and earnings inline with our revised g ...

Financial Results Announcement - DigitalBridge Group, Inc. announced its financial results for the quarter and full year ended December 31, 2024[6]. - The earnings release was issued on February 20, 2025, detailing the company's financial position as of December 31, 2024[6]. - The report includes a comprehensive presentation attached as Exhibit 99.1[6]. Company Information - The company is listed on the New York Stock Exchange under the trading symbol DBRG[4]. - DigitalBridge Group, Inc. has not elected to use the extended transition period for complying with new financial accounting standards[5]. - The company is not classified as an emerging growth company under the relevant regulations[5]. Information Distribution - The company utilizes its website to distribute important information, including press releases and financial data[8]. - The earnings release is accessible on the Shareholders subpage of the company's website[8]. Report Content - The report does not include specific performance metrics or future guidance in the provided content[6]. - The report was signed by Thomas Mayrhofer, Executive Vice President and Chief Financial Officer[13].

Group 1 - The Conservative Income Portfolio targets value stocks with high margins of safety and aims to reduce volatility through well-priced options [1][4] - The Enhanced Equity Income Solutions Portfolio is designed to generate yields of 7-9% while minimizing volatility [1] - Trapping Value offers Covered Calls and focuses on capital preservation in its investment strategies [3][4] Group 2 - The team behind Trapping Value has over 40 years of combined experience in generating options income and capital preservation [4] - The investment group operates in partnership with Preferred Stock Trader, featuring two income-generating portfolios and a bond ladder [4]

Financial Performance - Total revenues for Q3 2024 were $76.1 million, a decrease of $186.6 million compared to $262.7 million in Q3 2023, while year-to-date revenues increased by $69.8 million to $540.9 million from $471.1 million [143]. - Fee revenue increased by $11.3 million (17%) in Q3 2024 and $38.0 million (20%) year-to-date, driven by management fees from the third flagship fund [144]. - Carried interest allocation showed a reversal of $15.8 million in Q3 2024 compared to an allocation of $168.9 million in Q3 2023, reflecting significant variability in performance [145]. - Principal investment income decreased by $7.99 million in Q3 2024 to $9.96 million, with unrealized income significantly lower due to fair value decreases in underlying investments [147]. - Net income for Q3 2024 was $48.3 million, a decrease of $230.4 million from $278.8 million in Q3 2023, with significant impacts from carried interest reversals [143]. - The company reported a net loss attributable to common stockholders of $883,000 in Q3 2024, compared to a profit of $261.8 million in Q3 2023 [143]. - Distributable Earnings (DE) decreased by $21.9 million to $10.7 million in Q3 2024, primarily due to a lack of realized carried interest, which was $27.9 million in Q3 2023 [179]. Assets Under Management - As of September 30, 2024, DigitalBridge Group, Inc. had $34.1 billion of fee earning equity under management (FEEUM) [130]. - The year-to-date fee-earning assets under management (FEEUM) increased by $4.2 billion (14%) to $34.1 billion as of September 30, 2024 [144]. - Assets Under Management (AUM) increased to $88.0 billion as of September 30, 2024, up from $80.1 billion as of December 31, 2023 [167]. - Fee Earning Equity Under Management (FEEUM) rose to $34.1 billion at September 30, 2024, an increase of $1.3 billion driven by capital raises and deployments [168]. Capital Raising and Investments - In the year-to-date period through October 2024, the company raised $6.1 billion of capital, primarily for its flagship value-add strategy [134]. - DigitalBridge monetized a substantial portion of marketable equity securities for total net proceeds of $35.0 million [136]. - The company settled $35 million in contingent consideration related to a previous investment redemption, with 50% paid in shares and 50% in cash [184]. - The company monetized non-core marketable equity securities for total net proceeds of $35 million [184]. Expenses and Compensation - Total expenses for Q3 2024 were $76.3 million, down from $159.5 million in Q3 2023, primarily due to variability in unrealized carried interest compensation [149]. - Administrative and other expenses increased by $9.5 million in Q3 2024 compared to Q3 2023, reflecting higher operational costs [149]. - Cash compensation decreased by $4.2 million in the quarter-to-date comparison and $0.8 million in the year-to-date comparison, attributed to lower estimated bonus, severance, and retention costs [152]. - Equity-based compensation was lower by $5.5 million in the quarter-to-date comparison and $10.1 million in the year-to-date comparison due to reduced performance-based award expenses [153]. - Administrative and other expenses increased by $9.5 million in the quarter-to-date comparison and $18.3 million in the year-to-date comparison, primarily due to higher third-party professional service costs [154]. Debt and Interest - The company reduced its leverage by fully exchanging/redempting $78.4 million of 5.75% senior notes, resulting in annual interest savings of approximately $4.5 million [135]. - Interest expense decreased by $1.4 million in the quarter-to-date comparison and $6.9 million in the year-to-date comparison, resulting from the redemption of senior notes and convertible notes [155]. - Preferred stock outstanding totals $822 million with a weighted average dividend rate of 7.135%, resulting in quarterly dividend payments of $14.7 million [185]. Future Outlook and Risks - The company anticipates continued variability in carried interest and investment performance impacting future revenues and income [146]. - A hypothetical 10% decline in the fair value of fund investments would decrease the company's share of principal investment income by approximately $124 million [204]. - A similar decline would reduce carried interest by approximately $168 million, net of allocations to employees and partners [205]. - The company continues to evaluate its liquidity needs and sources, including cash flow from operations and external financing options [182]. Legal and Compliance - As of September 30, 2024, the company was not involved in any material legal proceedings [213]. - There have been no material changes from the previously disclosed risk factors in the Annual Report for the year ended December 31, 2023 [214]. - The company maintains effective disclosure controls and procedures as evaluated by management, including the Chief Executive Officer and Chief Financial Officer, as of September 30, 2024 [210]. - There have been no changes in internal control over financial reporting during the quarter ended September 30, 2024, that materially affected the internal control [211]. Fund Performance Metrics - The performance metrics for DBP I show a total commitment of $4,059 million and a gross MOIC of 1.6x with a gross IRR of 14.4% [138]. - DBP II has total commitments of $8,286 million, with a gross MOIC of 1.3x and a gross IRR of 12.6% [138]. - The SAF fund, with total commitments of $1,110 million, has a gross MOIC of 1.1x and a gross IRR of 7.0% [138]. - InfraBridge's GIF I fund has total commitments of $1,411 million, achieving a gross MOIC of 1.6x and a gross IRR of 9.8% [138]. - GIF II has total commitments of $3,382 million, but shows a gross MOIC of 0.8% and a gross IRR of less than 0% [138]. - Credit I fund has total commitments of $697 million, with a gross MOIC of 1.1x and a gross IRR of 13.8% [138].