Welcome to our dedicated page for DigitalBridge Group news (Ticker: DBRG), a resource for investors and traders seeking the latest updates and insights on DigitalBridge Group stock.
DigitalBridge Group, Inc. (symbol: DBRG) is a preeminent global developer and alternative asset manager focused on digital infrastructure investments. The company's mission is to provide essential capital and operational expertise for businesses across the digital ecosystem. DigitalBridge's platform spans a comprehensive array of digital infrastructure assets, including cell towers, data centers, fiber networks, small cells, and edge infrastructure.
One of the core strengths of DigitalBridge is its ability to turn real-world environments into precise digital models using advanced computer vision technology. This innovative platform allows users to take a picture of a room and automatically recognize its walls, floors, ceiling, objects, and lighting conditions. Customers can then visualize new wall and floor decorations, as well as furnishings, within their actual rooms. This process enhances interior design planning without needing any in-room markers.
The company has demonstrated a solid track record of success through strategic investments and partnerships. DigitalBridge's recent collaborations with industry leaders, such as Intel and Vantage Data Centers, highlight its role in the ongoing evolution of digital infrastructure. These partnerships aim to support the development of cutting-edge technologies and improve the resilience and efficiency of digital networks globally.
Financially, DigitalBridge is positioned robustly within the market, attracting significant investor interest due to its focus on high-growth sectors. The company's active involvement in transformative projects ensures a substantial positive impact on the digital economy. DigitalBridge continues to innovate and expand its portfolio, maintaining a strong commitment to driving growth and value for its stakeholders.
Through its integrated approach, the company delivers operational excellence and sustainable returns. Whether investing in formidable data centers or enhancing mobile connectivity with small cells, DigitalBridge remains at the forefront of the digital infrastructure landscape.
Vantage Data Centers expands into the Asia-Pacific market through two acquisitions, fueled by an incremental equity raise of
DigitalBridge Group (NYSE: DBRG) will participate in several investor conferences in September 2021. Key executives, including President and CEO Marc Ganzi, will hold meetings and presentations. Highlights include:
- September 9-10: Deutsche Bank Technology Conference
- September 13-15: Bank of America Media, Communications & Entertainment Conference, with Ganzi speaking on September 14
- September 20: Bank of America Global Real Estate Conference
- September 21-23: Goldman Sachs 30th Annual Communacopia Conference, with Ganzi presenting on September 22
DigitalBridge Group, Inc. (NYSE: DBRG) has announced a sale of its Wellness Infrastructure business for
Scala Data Centers, founded by DigitalBridge (NYSE: DBRG), has announced the launch of its Center of Excellence in Engineering (CoE) in Latin America. This initiative aims to streamline the management of design and construction for data centers, enhancing operational efficiency and reducing delivery times for customers. The CoE will house over 40 professionals and aims to develop cutting-edge data center technologies. Scala is investing in three new data centers in São Paulo, with a commitment to renewable energy supply until 2033, addressing the growing demand for digital access in the region.
DigitalBridge Group (NYSE:DBRG) has entered into an agreement to acquire a controlling stake in Vertical Bridge Holdings, the largest private operator of wireless communications infrastructure in the U.S. This acquisition aligns with DigitalBridge’s strategy to capitalize on the growing demand for 5G infrastructure and digital services. Vertical Bridge currently manages over 308,000 sites including over 8,000 towers. The transaction is subject to regulatory approvals and is expected to close in Q4 2021. Financial terms were not disclosed.
DigitalBridge Group, Inc. (NYSE: DBRG) announced its Q2 2021 financial results, reporting total revenues of $237 million and a GAAP net loss of $(141) million, or $(0.29) per share. Core FFO was $(4.8) million. The company highlighted its rebranding and transformation to a digital infrastructure-focused business, achieving $6.6 billion in commitments for its new flagship equity fund, DCP II. Digital AUM reached $36 billion, a significant 65% year-over-year increase. The company also plans to redeem $86.3 million of Series G preferred stock, reducing overall corporate liquidity costs.
DigitalBridge (NYSE: DBRG) announced its participation in several upcoming investor conferences. Key events include:
- August 9-10, 2021: Cowen 7th Annual Communications Infrastructure Summit, featuring a keynote by Marc Ganzi, President and CEO.
- August 11-12, 2021: Raymond James Park City Telecom Summit with investor meetings.
- August 12, 2021: Virtual Morgan Stanley Media and Entertainment conference, led by Severin White.
- August 18, 2021: B. Riley August Conference with meetings conducted by Ganzi and White.
DigitalBridge manages a $32 billion portfolio of digital infrastructure assets.
Scala Data Centers, founded by DigitalBridge (NYSE:DBRG), has signed a Power Purchase Agreement (PPA) with ENGIE Brasil Energia, ensuring over 1,600 GWh of renewable energy supply by 2033. This agreement extends Scala's commitment to 100% renewable energy by five years, capable of powering a city of 700,000. CEO Marcos Peigo emphasizes the company's focus on sustainable growth and strategic partnerships. Scala is the first Latin American data center to operate entirely on certified renewable energy and has achieved carbon neutrality since its inception.
DigitalBridge Group, Inc. (NYSE: DBRG) announced the acquisition of PCCW Ltd.'s data center business by its affiliated funds. PCCW DC is a prominent colocation data center provider in Hong Kong, serving major hyperscale and enterprise clients. DigitalBridge aims to leverage its expertise in data center operations to support PCCW DC's growth strategy. The deal, expected to close in Q4 2021, enhances DigitalBridge’s regional footprint, capitalizing on a strong development pipeline. The company's digital infrastructure portfolio is valued at approximately $32 billion.
DigitalBridge Group (NYSE: DBRG) is redeeming all 3,450,000 shares of its 7.500% Series G Cumulative Redeemable Perpetual Preferred Stock, totaling a liquidation preference of $86.25 million. This strategic move aims to lower the company's cost of capital significantly, reducing it from 7.50% to 3.933% through the recent $500 million securitized notes offering. The redemption is set for August 16, 2021, with dividends ceasing on that date. Following the redemption, the Series G Preferred Shares will be delisted from the NYSE.
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