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DigitalBridge Announces Fourth Quarter & Full-Year 2023 Earnings Release and Conference Call Date
Businesswire· 2024-02-06 15:18
BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (NYSE: DBRG) today announced it will release Fourth Quarter & Full-Year 2023 financial results before the market opens on Tuesday, February 20, 2024. The Company will conduct an earnings presentation and conference call to discuss the results the same day at 8:00 a.m. ET. The earnings presentation will be broadcast live over the Internet and a webcast link can be accessed on the Shareholders section of the Company’s website at ir.digitalbridge.co ...
2 Great Preferred Stocks For A Retirement Dream
Seeking Alpha· 2024-02-02 13:30
Bet_Noire Co-authored with 'Hidden Opportunities' The history of preferred shares goes back to the 19th century when investors in railway companies demanded "preference" in the payment of dividends over the holders of common shares. They then evolved into a highly utilized method of raising capital in a non-dilutionary manner by industries with stable operations and reliable profitability. In the 70s and 80s, utility companies dominated the preferred market. By the early 90s, the banking sector issued prefe ...
Vantage Data Centers Experienced Unprecedented Growth in 2023 Driven by AI and Cloud Demand Globally; Secured $10 Billion in Incremental Funding
Businesswire· 2024-01-31 19:00
In 2023, Vantage Data Centers entered two new markets (London and Taipei), broke ground on seven campuses and opened 10 facilities across the globe. Pictured is a rendering of the company’s LHR1 London campus that will include 55MW across two data centers. (Photo: Business Wire)In 2023, Vantage Data Centers entered two new markets (London and Taipei), broke ground on seven campuses and opened 10 facilities across the globe. Pictured is a rendering of the company’s LHR1 London campus that will include 55MW a ...
DigitalBridge (DBRG) - 2023 Q3 - Quarterly Report
2023-11-02 16:00
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 September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37980 DigitalBridge Group, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 46-4591526 (State or Other Jurisdiction of Incorporati ...
DigitalBridge (DBRG) - 2023 Q3 - Earnings Call Transcript
2023-11-01 18:06
DigitalBridge Group, Inc. (NYSE:DBRG) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Severin White - MD and Head, IR Marc Ganzi - CEO Jacky Wu - CFO Conference Call Participants Michael Elias - Cowen Jade Rahmani - KBW Ric Prentiss - Raymond James Richard Choe - JPMorgan Eric Luebchow - Wells Fargo Jon Atkin - RBC Capital Markets Operator Greetings, and welcome to the DigitalBridge Group Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only ...
DigitalBridge (DBRG) - 2023 Q2 - Earnings Call Transcript
2023-08-04 18:02
DigitalBridge Group, Inc. (NYSE:DBRG) Q2 2023 Results Conference Call August 4, 2023 10:00 PM ET Company Participants Severin White - MD and Head, IR Marc Ganzi - CEO Jacky Wu - CFO Conference Call Participants Michael Elias - TD Cowen Dan Day - B. Riley Securities Richard Choe - JP Morgan Eric Luebchow - Wells Fargo Jon Atkin - RBC Capital Markets Operator Greetings, and welcome to the DigitalBridge Group, Inc. Second Quarter 2023 Earnings Call. At this time, all participants are in a listen only mode. A q ...
DigitalBridge (DBRG) - 2023 Q2 - Quarterly Report
2023-08-03 16:00
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, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37980 DigitalBridge Group, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 46-4591526 (State or Other Jurisdiction of Incorporation or ...
DigitalBridge (DBRG) - 2023 Q1 - Quarterly Report
2023-05-04 16:00
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 March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37980 DigitalBridge Group, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 46-4591526 (State or Other Jurisdiction of Incorporation o ...
DigitalBridge (DBRG) - 2023 Q1 - Earnings Call Transcript
2023-05-03 20:03
Financial Data and Key Metrics - Fee income increased by 36% year-over-year, driven by higher FEEUM on co-invest and the acquisition of InfraBridge [1] - Fee earning equity under management (FEEUM) increased by $8.9 billion or 47% year-over-year, reaching $28 billion [2] - Total consolidated revenues were $250 million, a 7% increase from the same period last year [4] - GAAP net loss attributable to common stockholders was $212 million, while adjusted EBITDA grew by 25% to $26 million [4] - Assets under management (AUM) grew by 49% year-over-year to $69.3 billion [2] - Run rate fee revenues were $252 million, calculated by multiplying committed FEEUM by the weighted average effective annual fee rate [5] Business Line Performance - Investment management platform showed strong growth with fee income up 36% and FRE up 40% [1] - Digital IM distributable earnings increased significantly to $32 million for the quarter compared to $9 million in the same period last year [18] - The company's share of digital operating revenues was $27 million, down 25% year-over-year, while adjusted EBITDA was $12 million, down 23% [18] - The acquisition of InfraBridge contributed $11 million in fee income, representing less than two months of fees from the platform [18] Market Performance - The company raised $700 million in new capital formation in Q1, driven by co-investments in platforms like GD Towers, Switch, Highline do Brasil, and Vantage [2] - In Europe, the company plans to spend $2.7 billion on data centers, fiber, and edge infrastructure [47] - In Asia, the company is spending nearly $700 million on greenfield data centers and fiber networks [47] - The leasing pipeline for DataBank and Vantage in the US is up significantly year-over-year, with Switch's leasing pipeline growing from 57 megawatts to over 500 megawatts [12] Strategic Direction and Industry Competition - The company is focused on scaling FEEUM, which is the key metric driving revenue, earnings, and shareholder value [2] - DigitalBridge is executing a disciplined capital allocation strategy, with over $7 billion in growth CapEx budgeted for 2023 to support customer growth [9] - The company is focused on high-quality digital infrastructure platforms, avoiding investments in aging or legacy assets [39] - The company is leveraging its global presence and strong customer relationships to drive growth in digital infrastructure [48] Management Commentary on Operating Environment and Future Outlook - The company sees a "tale of two cities" in digital infrastructure, with high-quality platforms continuing to attract capital while out-of-favor companies underperform [7] - Management remains confident in achieving the 2023 fundraising target of $8 billion, with $2.3 billion in new commitments secured in recent months [7] - The company is optimistic about the deconsolidation of DataBank and Vantage SDC, which will simplify the corporate structure and reduce leverage [3] - Management highlighted the strong secular tailwinds in digital infrastructure, driven by global demand for connectivity and compute [21] Other Important Information - The company completed the sale of BrightSpire for $202 million, eliminating $7 million of dividend income but providing additional liquidity for high-quality digital infrastructure investments [4] - The company repaid $200 million of convertible notes in April, reducing corporate leverage to below 2.5x [5] - The company expects to complete the deconsolidation of its operating segments, leaving only $300 million of corporate debt, which is not expected to be repaid or refinanced until 2025 [5] Q&A Session Summary Question: Demand trends in the data center space - The leasing pipeline for DataBank, Vantage, and Switch is up significantly year-over-year, driven by demand from cloud players, mobile operators, and AI deployments [12] - Management emphasized the importance of secure workloads and 100% renewable energy environments, which are now a must-have for customers [12] Question: Long-term ambitions for Vantage - Vantage has three businesses: Asia, North America, and Europe, all showing strong growth and leasing demand [28] - The company has created permanent capital vehicles for Vantage SDC and Vantage Europe, aiming to recycle capital and provide stable cash flows to LPs [28] Question: Monetization plans for Vantage SDC - The company is in the process of raising new capital for Vantage SDC, with strong investor appetite for stabilized US data centers producing high yields [31] - The company expects to deconsolidate Vantage SDC soon, with a target of reducing its position to around $200 million [32] Question: Fundraising progress for DigitalBridge Partners Series - The company has received its first commitments for the new flagship strategy, with strong momentum in attracting new capital [65] - Management remains confident in achieving the $8 billion fundraising target for 2023, with $2 billion expected from core and credit, $2 billion from co-invest, and $4 billion from flagship strategies [79] Question: Valuation trends in digital infrastructure - High-quality digital infrastructure assets continue to trade at a premium, while legacy assets are underperforming [67] - The company is focused on investing in good businesses with strong cash flows and avoiding overvalued or poorly financed assets [22] Question: Capital allocation priorities - The company plans to use its liquidity for accretive M&A, paying down preferreds, and repurchasing stock at the right price [92] - Management emphasized the importance of maintaining a strong balance sheet and focusing on free cash flow and EPS growth [92]
DigitalBridge (DBRG) - 2022 Q4 - Annual Report
2023-02-26 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37980 DigitalBridge Group, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 46-4591526 (State or Other Jurisdiction of Incorporation or Org ...