DigitalBridge (DBRG) shares rallied 6.4% in the last trading session to close at $19.38. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.3% loss over the past four weeks.The increased investor optimism in the stock can be attributed to the favorable operating environment.This provider of asset management services to NorthStar Realty Finance Corp. Is expected to post quarterly earnings of $0.12 per share in ...

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, 2023 DigitalBridge Group, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 46-4591526 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 750 Park of Commerce Drive, Suite 210 Boca Raton, Florida 33487 (Address of Prin ...

Financial Data and Key Metrics Changes - The company reported a consolidated revenue of $350 million, representing a 29% increase from the same period last year [68] - Total adjusted EBITDA was $32 million, up 88% year-over-year, primarily driven by higher fee revenues from new products and co-investments [68] - Distributable earnings were $18 million, or $0.10 per share, with fee revenues increasing by 59% year-over-year to $72 million [21][61] Business Line Data and Key Metrics Changes - The investment management segment saw fee-related earnings increase by 64% year-over-year, benefiting from new capital formation and the InfraBridge acquisition [15][61] - Monthly Recurring Revenue (MRR) increased across all four verticals, with data centers up nearly 25%, towers up 7%, fiber up 6%, and small cells up 3% [17] - Fee earning equity under management (FEEUM) grew to $33 billion, a 47% increase year-over-year, while assets under management (AUM) reached $80 billion, representing a 52% growth [21][8] Market Data and Key Metrics Changes - The company raised close to $8 billion in new FEEUM since January of the previous year, with $2.3 billion raised in the last quarter alone [4] - The fundraising environment remains challenging, yet investor interest is high, with over 200 investors engaged in the current flagship strategy [42][44] Company Strategy and Development Direction - The company is focused on scaling its digital infrastructure platform, with a target of over $7 billion in fresh capital across its multi-strategy platform for 2024 [30] - A significant portion of the $15 billion budgeted for capital expenditures in 2024 is allocated to data centers, indicating a strong commitment to this sector [34] - The company aims to enhance its corporate operating leverage and improve margins, with a focus on high-return investments [35][39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the fundraising trajectory and the strong demand for digital infrastructure driven by AI [42][44] - The company is preparing for future energy needs by securing power sources and focusing on renewable energy solutions for its data centers [45][46] - Management highlighted the importance of returning capital to investors as a key driver for future fundraising success [54] Other Important Information - The company successfully de-leveraged its balance sheet, reducing consolidated debt from $5.5 billion to under $400 million [69] - The transition from a diversified REIT to an alternative asset manager has simplified the corporate structure and improved financial reporting [68] Q&A Session Summary Question: How has the fundraising environment evolved? - Management noted that while the fundraising environment is tough, investor interest remains strong, with a deep pipeline of engagements [42][44] Question: What are the challenges regarding power availability for data centers? - Management acknowledged the grid's insufficiency for data center growth but emphasized proactive measures taken to secure power sources and develop renewable energy solutions [45][46] Question: Is there increased competition in the verticals targeted by DigitalBridge? - Management indicated that competition exists but expressed confidence in their ability to compete effectively at both the capital and portfolio company levels [50]

Financial Performance Highlights - DigitalBridge reported Q4 2023 total revenues of $350 million[7], a 29% increase year-over-year from $271 million[50] - GAAP net income attributable to common stockholders was $101 million, or $061 per share[7] - Fee revenue for Q4 2023 was $74 million, a 67% increase compared to $443 million in Q4 2022[50] - Investment Management (IM) segment fee revenue, excluding incentive fees, increased by 59% to $722 million in Q4 2023 from $453 million in Q4 2022[45, 52] - Fee Related Earnings (IM FRE) in the investment management segment were $398 million, up 64% year-over-year[45, 101] Assets and Capital Management - Fee-Earning Equity Under Management (FEEUM) increased 47% year-over-year to $328 billion as of December 31, 2023[26, 32, 101] - Assets Under Management (AUM) reached $801 billion, a 52% increase year-over-year[46, 101] - DigitalBridge raised $77 billion in new capital since January 2023[25, 34, 101] Strategic Initiatives - DigitalBridge completed the deconsolidation of its Operating segment, resulting in significant balance sheet deleveraging of over $5 billion[25, 65] - The company is transitioning to align its guidance practices with alternative asset manager peers, focusing on growth and profitability over a 3-5 year cycle[90] Future Outlook - DigitalBridge anticipates forming $7 billion in new fee-bearing capital in 2024[97, 138] - The company projects 2024 fee revenue between $335 million and $360 million, representing a 32% midpoint increase[116] - DigitalBridge estimates Fee Related Earnings (FRE)/Adjusted EBITDA for 2024 to be in the range of $150 million to $165 million, a 51% midpoint increase[116]

DigitalBridge (DBRG) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this provider of asset management services to NorthStar Realty Finance Corp. Would post earnings of $0.11 per share when it actually produced earnings of $0.20, delivering a s ...

BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (“DigitalBridge” or the “Company”) (NYSE: DBRG), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced senior executives from DigitalBridge will participate in the following upcoming investor and industry events: February 20 – 22: BofA Securities 2024 Financials Conference – Miami, FL Marc Ganzi, CEO of DigitalBridge will present the fireside chat on Tuesday, February 20, 2024 at 4:40 ...

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 ...

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 ...

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 ...

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 ...