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.
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.
DigitalBridge Group, Inc. (NYSE: DBRG) will release its second quarter 2021 financial results on August 5, 2021, before the market opens. The earnings conference call is scheduled for 10:00 a.m. ET, marking the first call since the company's rebranding from Colony Capital. Investors can access the live presentation and listen via telephone. DigitalBridge, a global digital infrastructure REIT, manages a $32 billion portfolio, focusing on towers, data centers, and fiber. The company is headquartered in Boca Raton, with offices in key global cities.
DigitalBridge Group, Inc. (NYSE: DBRG) has successfully closed two securitized financing note issuances totaling $500 million. The offering includes $300 million of Series 2021-1 Class A-2 Notes and $200 million in variable funding notes. This venture marks a significant milestone as it establishes the first investment-grade rating of BBB from Kroll and allows refinancing through 2026, enhancing financial flexibility. The net proceeds are estimated at $490.6 million, aimed at digital infrastructure investments and corporate liabilities.
DigitalBridge Group (NYSE: DBRG) announced the establishment of EdgePoint Infrastructure, a wireless tower platform targeting Southeast Asia's high-growth markets. EdgePoint has acquired over 10,000 sites in Indonesia and Malaysia, controlling a stake in PT Centratama Telekomunikasi and completing a sale-leaseback transaction for 4,247 towers from Indosat Ooredoo. Partnering with telecom expert Suresh Sidhu, EdgePoint aims to enhance next-generation wireless infrastructure and expand operations. DigitalBridge manages a $32 billion digital infrastructure portfolio, focusing on advancing connectivity in the Asia-Pacific region.
Scala Data Centers has been recognized as the leader in the Colocation quadrant of the ISG Provider Lens™ Next-gen Private/Hybrid Cloud – Data Center Services & Solutions 2021 for the second consecutive year in Brazil. Key highlights include the construction of three new data centers, achieving carbon neutrality in 2021, and operating on 100% renewable energy since 2020. The company has a strong commitment to ESG and is expanding through a partnership with Gemelo for Edge Computing, leveraging DigitalBridge's extensive tower assets.
DigitalBridge Group, Inc. (NYSE: DBRG) has announced a successful pricing of $300 million in Series 2021-1 3.95% Secured Fund Fee Revenue Notes, Class A-2. Interest on these notes will be paid quarterly, with a maturity date set for September 2026. The proceeds from this offering will support general corporate purposes. Concurrently, the Company plans to issue Series 2021-1 Secured Fund Fee Revenue Variable Funding Notes, allowing up to $150 million in revolving credit, potentially increasing to $200 million. The closing date for these transactions is scheduled for July 9, 2021.
Scala Data Centers, backed by DigitalBridge (NYSE: DBRG), has achieved carbon neutrality in Brazil as of 2020/2021.
Scala utilizes 100% renewable energy, becoming the first data center company in Latin America to reach this milestone. The company has invested in projects preventing deforestation across 105,000 hectares in Brazil and transitioned local industries to sustainable fuel sources.
Scala's commitment is recognized through the CarbonNeutral® certification from Natural Capital Partners.
DigitalBridge Group (NYSE: DBRG) has updated its financial guidance for FY 2021 during its inaugural Investor Day. Key updates include:
- Digital IM Revenue expected between $145M and $155M, up from $140 - $150M.
- Fee Related Earnings projected at $90M to $95M, increased from $80 - $85M.
- Operating Revenue revised to $130M to $140M, up from $125 - $135M.
- Long-term targets for 2025 were also introduced, showcasing a strong growth trajectory.
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