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Colony Capital (NYSE: CLNY) will engage in several investor conferences in June 2021. These events include:
- June 2: Fireside chat at Cowen 49th Annual Technology & Media Telecom Conference.
- June 7: Fireside chat at Wells Fargo Virtual Media & Telco Day.
- June 8: Company presentation at Nareit’s REITWeek 2021 Virtual Investor Conference.
- June 15: Fireside chat at Credit Suisse 23rd Annual Communications Conference.
Webcasts will be available on the Company's website.
Colony Capital, Inc. (NYSE: CLNY) has announced its participation in two significant investor conferences. On May 25, 2021, the company will join the RBC Capital Markets Global Datacenter, Cloud and Broadband Infrastructure Conference, featuring executives like Marc Ganzi and Sureel Choksi in various discussions. Following this, on May 27, 2021, Marc Ganzi will present at the KBW Real Estate Finance & Technology Conference. The events aim to connect with investors and discuss industry trends. Webcasts will be available on the company's website.
Digital Colony has announced its acquisition of Landmark Dividend, aiming to enhance its digital infrastructure portfolio. Landmark Dividend, which owns stakes in Landmark Infrastructure Partners LP (NYSE: LMRK), will facilitate Digital Colony’s proposal to acquire LMRK. The proposed acquisition will value LMRK at around $972 million, offering $13.00 per common unit to unassociated unit holders. Following the acquisition, Digital Colony plans to retain Landmark's strategy and assess LMRK's distribution policy. The deal is projected to close within several weeks, pending customary conditions.
Colony Capital (NYSE: CLNY) reported Q1 2021 revenues of $316 million, up from $217 million in Q1 2020. Despite this revenue growth, the company recorded a net loss of $(265) million or $(0.56 per share. Core FFO stood at $4 million ($0.01 per share), significantly improved from a $(12 million) loss in the previous year. The digital portfolio continues to thrive, with Digital AUM rising to $32 billion, making up 70% of total AUM. Governance changes include Nancy Curtin as Chairperson and new board member Sháka Rasheed. The company aims to streamline operations and enhance investor awareness with an upcoming virtual day.
Scala Data Centers has signed a definitive agreement to acquire Algar Tech's Data Center and Colocation operations in Campinas, Brazil. This acquisition enhances Scala's presence in Campinas, a significant tech hub in Latin America. The data center, which opened in 2009, utilizes photovoltaic energy, making it a pioneer in clean energy usage in the region. The new facility will cover over 130,000 m² with a total capacity of 100MW across three buildings. The acquisition is contingent upon CADE approval.
Colony Capital (NYSE:CLNY) will host its inaugural Virtual Investor Day on June 22, 2021, starting at 11:00 AM ET. President and CEO Marc Ganzi will discuss the digital infrastructure landscape, followed by presentations and a financial overview from key executives. Participants can register for virtual attendance, with access to materials through the Public Shareholders section of the Company’s website. Colony Capital manages a $52 billion portfolio, including $30 billion in digital real estate investments.
Colony Capital, Inc. (NYSE: CLNY) announced the completion of an internalization transaction with its subsidiary, Colony Credit Real Estate, Inc. (NYSE: CLNC), effective April 30, 2021, making CLNC an internally-managed commercial real estate credit REIT. Colony Capital received $102.3 million in proceeds, to be redeployed into high-quality digital assets. The transition includes transferring 44 employees to CLNC and a five-month transition services agreement to ensure a smooth process. This strategic move aims to unlock value for CLNC shareholders.
Colony Capital (NYSE: CLNY) announces the addition of two new Operating Partners to its subsidiary, Digital Colony: Michael Bucey and Josh Joshi. This move follows Digital Colony's substantial growth and aims to enhance its portfolio management. Bucey brings extensive experience in tower operations, while Joshi focuses on expanding data center developments. Digital Colony has grown to one of the largest digital infrastructure investment firms with a $30 billion digital real estate portfolio. These appointments are expected to support global expansion and maximize investor value.
Colony Capital (NYSE: CLNY) announced the sale of its 74% stake in two prime office properties in Dublin for €292 million ($351 million) to Blackstone Property Partners. This transaction generated $102 million in net equity for Colony. The properties, Burlington Plaza and The Three Building, are part of the 'Tolka Irish NPL Portfolio' and were sold at carrying values. Post-transaction, the portfolio will continue to hold several debt-free Irish assets. The proceeds reflect Euro/USD pricing as of April 15, 2021.
Colony Capital (NYSE:CLNY) plans to release its Q1 2021 financial results on May 6, 2021, before market opening. A conference call to discuss the results will follow at 10:00 a.m. ET. The earnings presentation will be accessible via the Company’s website, with a replay available from May 6 at 1:00 p.m. ET until May 13, 2021. Colony Capital manages a $52 billion portfolio, including $30 billion in digital real estate through its Digital Colony platform. The Company is headquartered in Boca Raton and has a global presence with over 350 employees.
