DigitalBridge (US:DBRG)2025-07-04 06:20Company Overview - DigitalBridge manages $96 billion in AUM and $36 billion in FEEUM as of December 31, 2024 [34] - The company has over 40 portfolio companies and over 25 years of experience in the digital infrastructure sector [34] - DigitalBridge targets revenue growth of >25% and cash flow metrics to increase >90% in 2024 [55] Financial Performance - Fee revenue increased by 37% from $744 million in 4Q23 to $1016 million in 4Q24 [84] - Fee revenue increased by 23% from $2671 million in 2023 to $3298 million in 2024 [84] - Fee Related Earnings (FRE) increased by 34% from $264 million in 4Q23 to $354 million in 4Q24 [84] - FRE increased by 31% from $818 million in 2023 to $1071 million in 2024 [84] - Distributable Earnings (DE) increased by 11% from $179 million in 4Q23 to $199 million in 4Q24 [84] - Distributable Earnings (DE) increased by 8% from $486 million in 2023 to $525 million in 2024 [84] Future Outlook - The company projects FEEUM to reach approximately $40 billion in 2025 and $60-70 billion by 2028 [94] - The company anticipates FRE to grow by 10%-20% in 2025 [94] - The company targets a FRE margin in the mid-40s% by 2028 [87, 94]