Digitalbridge Group Inc Stock Price, News & Analysis

DigitalBridge Group, Inc. (NYSE: DBRG) has appointed Jonathan S. Adelstein as Managing Director and Head of Global Policy and Public Investment, commencing June 1, 2022. With 35 years of experience, including 24 years in telecom, Adelstein previously served as President and CEO of the Wireless Infrastructure Association. His role will focus on digital infrastructure policy, assessing investment opportunities and risks, and enhancing connectivity in underserved areas. The leadership team aims to utilize his expertise to navigate regulatory challenges and expand DigitalBridge's portfolio globally.

DigitalBridge Group (NYSE: DBRG) has successfully completed the sale of its Wellness Infrastructure business for $3.2 billion. The net value to DigitalBridge from this transaction is $316 million, consisting of $161 million in cash and a $155 million seller's note. The deal assumes $2.6 billion in investment-level debt and $294 million in subsidiary-level debt. This sale aligns with DigitalBridge’s strategy to transition from diversified to digital infrastructure, strengthening its capital foundation.

DigitalBridge Group reported $256 million in total revenues for Q4 2021 while facing a GAAP net loss of $(21) million, or $(0.04) per share. The company highlighted a successful year, rotating $78 billion in assets under management within three years and doubling revenue in its digital businesses. DigitalBridge aims to leverage its investor-operator model for future growth. Dividends for preferred stock have been declared and will be paid in 2022. A conference call on financial results is scheduled for February 24, 2022.

DigitalBridge Group, Inc. (NYSE: DBRG) will announce its Fourth Quarter & Full-Year 2021 financial results on February 24, 2022, before market opening. The earnings presentation and conference call will occur at 10:00 a.m. ET the same day. Investors can access the live webcast through the Company’s Investor Relations site. A replay will be available after 1:00 p.m. ET on the same day. DigitalBridge, a global digital infrastructure REIT, manages a $42 billion portfolio across the digital ecosystem.

DigitalBridge (NYSE:DBRG) announced DataBank's acquisition of four data centers in Houston from CyrusOne for $670 million. This acquisition expands DataBank's capacity by over 300,000 square feet and adds 42.5 MW of critical IT load, positioning it as the largest independent provider in Houston. The deal includes strategic facilities with extensive interconnection capabilities and blue-chip clients from various sectors. The acquisition is backed by DigitalBridge and is set to close in Q1 2022.

DigitalBridge Group, Inc. (NYSE: DBRG) has successfully closed its second flagship fund, DigitalBridge Partners II, LP, with commitments totaling $8.3 billion, exceeding its original target of $6.0 billion. The fund's closing was supported by over 100% re-up rate from existing investors and a robust demand from new investors. This fund will enhance investments in digital infrastructure, already engaging with nine portfolio companies. DigitalBridge emphasizes its strong investment pipeline and strategic customer relations as key factors in driving future growth.

DigitalBridge Group (NYSE: DBRG) announced its participation in several upcoming investor and media conferences. Key highlights include President and CEO Marc Ganzi's keynote presentation on January 17 at PTC 2022 and discussions at Metro Connect USA 2022 featuring Ganzi and other executives. The conferences will provide a platform for DigitalBridge to connect with investors and showcase its digital infrastructure services. The company manages a $40 billion portfolio focusing on cell towers, data centers, and fiber optics.

Fortress Investment Group has completed transactions with DigitalBridge Group (NYSE: DBRG) and BrightSpire Capital (NYSE: BRSP) totaling approximately $730 million. These transactions include Fortress becoming the General Partner to DigitalBridge's DCVR series of funds, managing about $2.7 billion in assets. Additionally, Fortress acquired five development assets from BrightSpire for $223 million. The deals aim to streamline DigitalBridge's remaining assets and support BrightSpire’s portfolio rotation.

Scala Data Centers, founded by DigitalBridge, has commenced the construction of two new hyperscale data centers in Barueri, Brazil, named SP4 and SP5. SP4, with a capacity of 18MW, will be the largest vertical data center in Latin America, already 100% allocated to a single cloud provider. SP5 will have a capacity of 9MW. Both centers are set to operational by mid-2022 and adhere to strict environmental standards, including LEED certification. Scala aims to support the growing IT infrastructure needs of its clients while expanding its operational footprint in Latin America.