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DigitalBridge (DBRG) - 2024 Q2 - Quarterly Results
2024-08-07 20:07
DIGITALBRIDGE EARNINGS PRESENTATION 2Q 2024 August 7, 2024 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING S This presentation may contain forward-looking statements within the meaning of the federal securities laws, including statements relating to (i) our strategy, outlook and g financial targets and (ii)) general economic trends in our industry and markets. Forward-hoking statements relate to expectations, trencls and simillar expressions concerning matters that are not historical facts. In some cases, yo ...
GiantLeap Capital Invests in Vantage Data Centers
Prnewswire· 2024-06-27 19:43
The capital raise was significantly oversubscribed and led by investment vehicles managed by DigitalBridge Group, Inc. (NYSE: DBRG) ("DigitalBridge") and Silver Lake. The investment highlights GiantLeap Capital's focus on growth equity in private and public special situations alongside leading global alternative asset managers and technology companies. NEW YORK, June 27, 2024 /PRNewswire/ -- GiantLeap Capital, a technology-focused private investment firm that partners with companies developing transformativ ...
BrightSpire: 13% Yield But Negative Total Returns Since 2018
seekingalpha.com· 2024-05-24 18:20
Company Overview - BrightSpire Capital, Inc. (NYSE: BRSP) is a mortgage REIT with a focus on commercial real estate credit, boasting over $4 billion in assets and a $2.8 billion loan portfolio [9][10] - The company has extended 85 loans, primarily senior mortgage loans, with about 30% in the distressed office sector and over half in the multifamily asset class [10][12] Financial Performance - BrightSpire reported a GAAP net loss of $57.1 million, or $0.45 per share, for Q1 2024, while adjusted distributable earnings were $22.5 million, or $0.17 per share [19][22] - The company declared a quarterly dividend of $0.20 per share, yielding 12.5% based on the current share price [19] - Net interest income declined by 17% year-over-year, indicating challenges in revenue generation [20] Portfolio and Risk Analysis - The company's loans are concentrated in the West and Southwest regions, with a significant portion in the multifamily sector, which is facing increased supply risks [10][30] - BrightSpire's leverage ratio is currently at 1.8X, which raises concerns about its ability to manage risks associated with loan defaults and property depreciation [14][31] Historical Context - BrightSpire's performance has been compared unfavorably to its parent company, DigitalBridge Group, Inc. (DBRG), which has seen a decline of 82.54% over the past decade, while BrightSpire is down 70% in 6.5 years [6][30] - The company's tangible book value per share has deteriorated significantly, raising concerns about long-term value retention [25][27] Market Position - BrightSpire's market capitalization stands at approximately $802.11 million, with a forward yield of 13.03% [7] - The company faces challenges in maintaining favorable credit terms, currently paying an average interest rate of 6.62% on its debt [14][16]
Behind the Scenes: Tech Giants Innovate for More Sustainable AI Data Centers
Prnewswire· 2024-05-16 15:03
USA News Group News Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 16, 2024 /PRNewswire/ -- USA News Group News Commentary – Across the globe, the artificial intelligence (AI) data center revolution is already underway and rapidly gaining momentum. Responding to the AI industry's thirst for more data centers, private equity firms are rushing to build out the necessary infrastructure, but experts warn this thirst can't be satisfied. The rising data center demand also comes with hea ...
DigitalBridge (DBRG) - 2024 Q1 - Quarterly Report
2024-05-03 20:12
Table of Contents UNITED STATES DigitalBridge Group, Inc. 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, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37980 (Exact Name of Registrant as Specified in Its Charter) Maryland 46-4591526 (State or Other Jurisdiction of Incorporation o ...
DigitalBridge (DBRG) - 2024 Q1 - Earnings Call Presentation
2024-05-01 00:59
1 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control, and may cause the Company's actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, difficult market and political conditions, including those resulting from supply chain difficulties, inf ...
DigitalBridge (DBRG) - 2024 Q1 - Earnings Call Transcript
2024-05-01 00:59
DigitalBridge Group, Inc. (NYSE:DBRG) Q1 2024 Earnings Call Transcript April 30, 2024 5:00 PM ET Company Participants Severin White - IR Marc Ganzi - CEO Tom Mayrhofer - CFO Conference Call Participants Michael Elias - Cowen & Company Jade Rahmani - KBW Ric Prentiss - Raymond James Richard Choe - JPMorgan Eric Luebchow - Wells Fargo Jon Atkin - RBC Capital Markets Operator Good day and welcome to DigitalBridge Group, Inc.'s First Quarter 2024 Earnings Call. At this time, all participants are in listen-only ...
DigitalBridge (DBRG) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-05-01 00:06
DigitalBridge (DBRG) reported $74.39 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 70.3%. EPS of $0.01 for the same period compares to -$0.02 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $100.76 million, representing a surprise of -26.17%. The company delivered an EPS surprise of -90.00%, with the consensus EPS estimate being $0.10.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
DigitalBridge (DBRG) Q1 Earnings and Revenues Miss Estimates
Zacks Investment Research· 2024-04-30 22:46
DigitalBridge (DBRG) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -90%. A quarter ago, it was expected that this provider of asset management services to NorthStar Realty Finance Corp. Would post earnings of $0.12 per share when it actually produced earnings of $0.10, delivering a surp ...
DigitalBridge (DBRG) - 2024 Q1 - Quarterly Results
2024-04-30 20:30
EARNINGS PRESENTATION DIGITALBRIDGE 1Q 2024 April 30, 2024 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING ؟ This gresentation may contain forward-looking statements within the meaning of the federal securities laws, induding statements relating to (I) our strateen, outlok-and org financial targets and (iii) general economic trends and trends in our industry and markets. Forward-looking statements relate to expectations, beliefs, projections, future rtends and similar expressions concerning matters that are ...