Digitalbridge Group Inc Stock Price, News & Analysis

DigitalBridge Group (NYSE: DBRG) announced upcoming participation in several investor conferences. From March 5-8, executives will attend the Raymond James Institutional Investors Conference in Orlando, with CFO Jacky Wu presenting on March 7. Following this, the company will join the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 6-9, where Wu will hold a fireside chat on March 8. The team will also be at the TowerXchange Meetup in Dubai on March 13-14 and the IJ LATAM 2023 in Miami on March 13-15. CEO Marc Ganzi is set to deliver a keynote at the PEI Infrastructure Investor Global Investor Forum in Berlin on March 21-22.

DigitalBridge Group, Inc. (NYSE: DBRG) reported its fourth quarter and full-year financial results for 2022. The company achieved total revenues of $301 million in Q4 and $1.1 billion for the full year. However, it faced a GAAP net loss of $(19) million in Q4 and $(382) million for the year. Distributable Earnings were $(11) million for Q4 and $37 million for the full year. Notably, Q4 results included a non-cash valuation allowance of $53 million against deferred tax assets. Cash dividends were declared for both common and preferred shareholders, with the next payment scheduled for April 17, 2023.

Surf Internet has secured $100 million in debt financing from DigitalBridge Credit to enhance its fiber-optic network across the Great Lakes region. This funding, announced on February 8, 2023, aims to accelerate the expansion into over 60 markets and increase fiber passings to over 100,000 by year-end. Surf currently serves over 27,000 customers in Indiana, Illinois, and Michigan, with significant backing from equity partners Bain Capital and Post Road Group. The company has seen a substantial increase in its fiber subscriber base, growing sevenfold since its acquisition in 2021.

DigitalBridge Group (NYSE: DBRG) has appointed Alice Franks as Head of Europe Capital Formation and Brian Lee as Co-Head of Asia Capital Formation at DigitalBridge Investment Management. Franks, based in London, brings 20 years of experience from AMP Capital, while Lee, located in Hong Kong, has over 15 years of experience from the same firm. Their appointments enhance DigitalBridge's global capital formation capabilities following the acquisition of AMP Capital's infrastructure investment management business, now known as InfraBridge. The company also plans to open a new office in the Middle East to better serve clients in that rapidly growing market.

DigitalBridge Group, Inc. (NYSE: DBRG) has successfully acquired AMP Capital’s global infrastructure equity investment management business, valued at $316 million. The rebranded entity, InfraBridge, comprises four investment funds with $5.6 billion in fee-earning assets under management, including $3.4 billion from Global Infrastructure Fund II. This acquisition enhances DigitalBridge's strategic roadmap, positioning it to capitalize on mid-market opportunities with an expected immediate earnings contribution. Damian Stanley will serve as Managing Partner, while Bernardo Vargas Gibsone is appointed Non-Executive Chair.

DigitalBridge Group (NYSE: DBRG) announced participation in several upcoming investor conferences. From January 30 to February 1, executives will attend Metro Connect USA in Fort Lauderdale, FL, featuring key discussions on market growth and sustainability. On February 22-23, they will present at the Wells Fargo 26th Annual Real Estate Securities Conference in New York, focusing on private infrastructure investment. Finally, from February 27 to March 1, DigitalBridge will be at the Deutsche Bank Media, Internet & Telecom Conference in Palm Beach, FL, with CEO Marc Ganzi presenting on the 27th. DigitalBridge manages a $50 billion portfolio in digital infrastructure.

DigitalBridge Group, Inc. (NYSE: DBRG) announced its upcoming release of Fourth Quarter & Full-Year 2022 financial results on February 24, 2023, before market opens. The company will host an earnings presentation and conference call at 10:00 a.m. ET the same day, accessible via their website. A replay will be available from 3:00 p.m. ET following the call. DigitalBridge, a leading global digital infrastructure firm, manages a $50 billion portfolio, focusing on digital assets such as cell towers and data centers. For further details, visit www.digitalbridge.com.

DigitalBridge (NYSE: DBRG) has announced its executive participation in several key upcoming conferences. From January 1-3, Marc Ganzi, CEO, will engage in a fireside chat at Citi's 2023 Communications, Media & Entertainment Conference in Scottsdale, AZ. On January 15-18, Ganzi will deliver a keynote at PTC'23 in Honolulu, Hawaii. Additionally, on January 25-26, Matt Evans, Managing Director, will present at the TMT World Congress in London, UK, while Chris Moon will join a panel discussion. DigitalBridge is a global leader in digital infrastructure, managing a portfolio worth $50 billion.

DigitalBridge Group (NYSE: DBRG) and IFM Investors announced the completion of their acquisition of Switch, Inc. for $34.25 per share, totaling approximately $11 billion. This transaction includes the repayment of Switch's outstanding debt. Switch's stock is now delisted following this acquisition. The partnership aims to leverage DigitalBridge and IFM's resources to enhance Switch's capabilities in data center infrastructure, focusing on sustainability and meeting growing enterprise demands.