Financial Performance - DigitalBridge reported a 16% increase in fee revenue to $77 million and a 42% increase in fee-related earnings (FRE) to $26 million year-over-year, with FRE margins expanding to 34% [6][35][36] - The company raised $1.8 billion in new capital during the third quarter, bringing total fee-earning equity under management to $34 billion, a 14% increase from the previous year [24][27] Capital Formation and Deployment - DigitalBridge is on track to exceed its $7 billion annual fundraising target, having raised $6.1 billion to date, with a strong pipeline expected to yield an additional $3 billion in Q4 [7][10][13] - The capital deployment focus is on existing platforms and new opportunities in data centers and tower verticals, including significant investments in DataBank and Vertical Bridge [8][18][19] Market and Strategic Insights - The fundraising environment is improving, driven by increased demand for digital infrastructure and AI capabilities, with a notable uptick in commitments from investors [12][15] - The company is expanding its private wealth channel, expecting to raise over $1 billion by year-end, which was not initially factored into the 2024 business plan [16][17] Management's Outlook - Management remains confident in the long-term growth strategy, aiming to double fee-earning equity under management in five years while expanding margins from the 30s to the mid-40s [48][50] - The company is focused on maintaining a strong balance sheet and liquidity position, with $127 million in available corporate cash and total liquidity of $427 million as of September 30 [40][41] Other Important Information - DigitalBridge is actively pursuing M&A opportunities, with recent transactions including the acquisition of Yondr and a significant deal with Verizon [20][86] - The company is committed to creating value at its portfolio companies and optimizing capital allocation to enhance returns [50][71] Q&A Session Summary Question: Concerns about fundraising outlook and composition - Management emphasized that co-investments are integral to their strategy and that fundraising is progressing well despite the current FRE results [52][55] Question: Carried interest reversal explanation - The carried interest reversal was attributed to portfolio evaluations aligning with preferred returns, with no significant individual drivers [58] Question: Impact of fundraising composition on catch-up fees - Approximately $10 million in catch-up fees have been realized year-to-date, with expectations that half will roll into 2025 due to the composition of capital raised [60][61] Question: Timing of carried interest recognition - Management indicated that carried interest is a significant part of their value proposition, with a focus on creating DPI and realizing carried interest at the right time [67][71] Question: M&A environment and pipeline - The company is actively pursuing acquisitions, with a robust pipeline of over 20 ideas and $10 billion in new opportunities [85][88]

Financial Performance - DigitalBridge reported $76.13 million in revenue for the quarter ended September 2024, reflecting a year-over-year decline of 84% [1] - The EPS for the same period was $0.06, down from $0.20 a year ago, indicating a significant decrease [1] - The reported revenue was a surprise of -23.64% compared to the Zacks Consensus Estimate of $99.69 million [1] - The EPS surprise was -60.00% against the consensus estimate of $0.15 [1] Key Metrics - Fee Earning Equity Under Management (FEEUM) stood at $34.09 billion, slightly above the average estimate of $33.78 billion from two analysts [3] - Fee revenue was reported at $76.58 million, compared to the average estimate of $85.99 million from three analysts, representing a year-over-year change of +17.4% [3] - Principal investment income (loss) was $9.96 million, slightly above the average estimate of $9.87 million, but showed a year-over-year decline of -44.5% [3] - Other income was reported at $5.39 million, exceeding the average estimate of $5.17 million, with a year-over-year change of -50.8% [3] Stock Performance - DigitalBridge shares have returned +7.3% over the past month, contrasting with the Zacks S&P 500 composite's -1% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]

Core Viewpoint - DigitalBridge (DBRG) reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.15 per share, and down from $0.20 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was -60%, and the company has not surpassed consensus EPS estimates over the last four quarters [2] - DigitalBridge posted revenues of $76.13 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 23.64%, compared to revenues of $477.08 million a year ago [3] - The company has exceeded consensus revenue estimates twice in the last four quarters [3] Stock Performance - DigitalBridge shares have declined approximately 10.6% since the beginning of the year, while the S&P 500 has gained 19.6% [4] - The current Zacks Rank for DigitalBridge is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $110.03 million, and for the current fiscal year, it is $0.50 on revenues of $593.9 million [8] - The outlook for the REIT and Equity Trust industry is positive, currently ranking in the top 40% of over 250 Zacks industries, suggesting potential for outperformance [9]

all all DIGITALBRIDGE EARNINGS PRESENTATION 3Q 2024 November 1, 2024 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS this presentation may contain forward-looking statements within the meaning of the federal securities laws, induding statements relating to (i) our stotegy, outoxi and grow financial tagges and (ii) general economic trends and trends in our intulstry and markets. Forward booking statements relate to expections, belefs, projections, fitutle pla trends and similar expressions concerni ...

Financial Performance - Total revenues for Q3 2024 were reported at $76 million, with a GAAP net loss attributable to common stockholders of $1 million, or $0.01 per share[5]. - The company reported a net income attributable to common stockholders of $13.8 million in Q3 2024, compared to a net income of $261.8 million in Q3 2023[6]. - The net income attributable to common stockholders for Q3 2024 was reported as a loss of $883,000, compared to a profit of $261.8 million in Q3 2023[34]. - Principal Investment Income reported a decrease of 42% year-over-year, with a net income of $6.5 million in 3Q24 compared to $114 million in 3Q23[26]. - Distributable Earnings for Q3 2024 were $10.732 million, significantly lower than $19.629 million in Q2 2024[39]. - Distributable Earnings (After Tax) for Q3 2024 were $10,732 million, a decrease from $32,618 million in Q3 2023[48]. Revenue Growth - Fee revenue increased to $76.6 million in Q3 2024, up from $65.2 million in Q3 2023, representing a year-over-year growth of approximately 16%[6]. - Fee revenue for Q3 2024 was $76.7 million, up 16% year-over-year, while Fee Related Earnings (FRE) increased by 42% to $26.2 million, with an FRE margin of 34%[18][22]. - Fee revenue for 3Q24 was $76.6 million, reflecting a growth of 16% year-over-year, while Fee Related Earnings (FRE) increased to $26.2 million, up from $19.6 million in 3Q23[34]. - GAAP Fee Revenue for Q3 2024 was $76,582 thousand, a decrease of 2.6% from Q2 2024's $78,605 thousand and an increase of 17.4% from Q3 2023's $65,240 thousand[51]. - FRE Fee Revenue for Q3 2024 was $76,664 thousand, down 2.6% from Q2 2024's $78,688 thousand and up 16.1% from Q3 2023's $66,058 thousand[51]. Expenses and Efficiency - Total expenses for Q3 2024 were $76.3 million, a decrease from $159.5 million in Q3 2023[6]. - GAAP Compensation Expense for Q3 2024 was $43,426 thousand, a decrease of 16.0% from Q2 2024's $51,661 thousand and an increase of 1.5% from Q3 2023's $42,186 thousand[51]. - The company reported a decrease in Administrative and Other Expenses to $27,193 thousand in Q3 2024 from $26,508 thousand in Q2 2024, reflecting a 2.6% increase[51]. - The FRE margin expanded by 600 basis points to 34% in 3Q24, indicating improved operational efficiency[31]. Fundraising and Capital Management - DigitalBridge is on track to exceed its $7 billion annual fundraising target, with $6.1 billion in committed Fee-earning capital year-to-date[10]. - New capital formation in Q3 2024 reached $1.8 billion, contributing to a total of $4.2 billion year-to-date[19][21]. - DigitalBridge anticipates $3.0 billion in fundraising for Q4 2024, with $1.9 billion already committed as of October 2024[12][15]. - The company expects to raise over $1 billion from private wealth opportunities in 2024, tapping into a global investor pipeline of over 400 engaged limited partners (LPs)[14]. - DigitalBridge has raised $6.1 billion in Fee-Earning Equity Under Management (FEEUM) year-to-date, representing a 13% increase over the same period last year, and is on track to meet its $7 billion target by year-end[11]. Strategic Initiatives - DigitalBridge is actively deploying capital across the AI infrastructure ecosystem, including investments in data centers[10]. - The company is evaluating strategic M&A opportunities focused on high-quality, accretive acquisitions to enhance its strategic profile[32]. - The company aims to enhance its investment management performance by focusing on recurring fee revenues and excluding non-core items from its financial measures[60]. - DigitalBridge has established two new signature platforms and continues to invest in existing portfolio companies, reinforcing its position in the digital infrastructure sector[16]. Assets and Liquidity - DigitalBridge's liquidity as of September 30, 2024, was $427 million, including full availability of $300 million[19]. - The available corporate cash stood at $127 million, contributing to a total liquidity of $427 million when combined with the revolver borrowing availability[30]. - Total assets as of September 30, 2024, were reported at $3.54 billion, with total corporate debt remaining stable at $300 million[30]. - The company revised its year-end guidance, projecting FEEUM to reach between $36 billion and $38 billion, up from $32.8 billion in 2023[20]. Investment Performance - The company recorded unrealized principal investment income of $(7,308) million in Q3 2024, compared to $(17,943) million in Q3 2023[48]. - Total Investments on Balance Sheet as of Q3 2024 was $2,540,029 thousand, an increase of 0.9% from Q2 2024's $2,517,653 thousand and an increase of 35.1% from Q3 2023's $1,879,981 thousand[55]. - Total commitments for DigitalBridge Partners I (DBP I) amounted to $4.059 billion, with invested capital at $4.838 billion[40]. - DBP II had total commitments of $8.286 billion and invested capital of $7.409 billion, with a gross MOIC of 1.3x[40]. - The Core fund (SAF) had total commitments of $1.110 billion and invested capital of $951 million, achieving a gross MOIC of 1.1x[40].

Investment will grow and further diversify AustralianSuper's global digital infrastructure exposure and will fund the build-out of more than 850MW of data center capacity across DataBank's portfolio to meet accelerated demand for enterprise, cloud, and A.I. workloads. DALLAS, MELBOURNE, Australia and BOCA RATON, Fla., Oct. 15, 2024 /PRNewswire/ -- DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed services, today announced a $2.0 billion equity raise led by Austra ...

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Shares of DigitalBridge Group Inc (DBRG, Financial) surged 6.10% in mid-day trading on Oct 2. The stock reached an intraday high of $14.69, before settling at $14.60, up from its previous close of $13.76. This places DBRG 30.44% below its 52-week high of $20.99 and 31.89% above its 52-week low of $11.07. Trading volume was 992,960 shares, 38.2% of the average daily volume of 2,599,458. Wall Street Analysts Forecast Based on the one-year price targets offered by 9 analysts, the average target price for Digit ...

For asset managers, it's all about assets under management ("AUM"). The business model charges a fee for every $1 of fee-earning AUM, meaning revenue and profits get driven higher by scaling AUM every year. DigitalBridge (NYSE: The equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend ticker ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37980 | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------- ...