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].

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 ...