Digitalbridge Group Inc Stock Price, News & Analysis

DigitalBridge Group announced an Early Exchange Agreement with certain noteholders to exchange approximately $106 million of its 5.75% Exchangeable Senior Notes due 2025 for shares of its Class A common stock. This is part of a total of $150 million exchanged from the original issuance. The adjusted exchange ratio accounts for interest savings, potentially issuing around 48.1 million shares. The exchange is expected to complete by November 24, 2021, while accrued interest payments of $2.2 million will also be paid in cash.

DigitalBridge Group (NYSE: DBRG) announced its participation in multiple upcoming investor and media conferences. Notable events include Nareit’s REITWorld from November 9-11 with virtual investor meetings, followed by the AGL Virtual Summit on November 10, where CEO Marc Ganzi will keynote at 12:00 p.m. ET. Finally, on November 15, Managing Director Warren Roll will join a panel at the New Street Research & BCG 5G Conference, participating from 9:50 a.m. - 10:20 a.m. ET.

DigitalBridge Group, Inc. (NYSE: DBRG) announced a $100 million investment from the International Finance Corporation (IFC) to enhance digital infrastructure assets in Brazil, Indonesia, and Malaysia. The investment includes $75 million already allocated to Scala Data Centers, EdgePoint Infrastructure, and Highline do Brasil, with an additional $25 million earmarked for future projects. This investment aims to improve digital connectivity and data center capacity, supporting economic growth in these emerging markets.

DigitalBridge Group (NYSE: DBRG) announced that Marc Ganzi, its President and CEO, has been appointed to the Nareit 2022 Advisory Board of Governors. Ganzi expressed his commitment to promoting the significant role of REITs in driving job creation, economic growth, and enhancing digital infrastructure. Nareit, representing REITs and real estate firms globally, welcomes Ganzi, who brings over 20 years of experience in the digital real estate sector. DigitalBridge manages a portfolio worth $38 billion, focusing on diverse digital infrastructure assets.

DigitalBridge Group reported strong third-quarter results for 2021, with total revenues reaching $252 million and a net income of $41 million or $0.08 per share. Core FFO was $2.0 million and AFFO amounted to $0.7 million. The company highlighted significant progress, having rotated $70 billion AUM in under three years, and achieved $8.1 billion in commitments for its second flagship fund, surpassing its target by 35%. DigitalBridge has nearly 100% of its AUM in digital assets, with revenue growth driven by an expanding digital portfolio and reduced corporate debt.

Vantage Data Centers has successfully raised US$530 million through a securitized note issuance, marking its seventh such financing since 2018. The five-year notes, rated A- by Standard & Poor’s, will primarily refinance its Variable Funding Note facility and support general corporate needs. This financing, characterized by the tightest spread Vantage has achieved, reflects the company's strong financial position and growing demand for hyperscale data centers. The transaction was facilitated by DigitalBridge Group, Inc. (NYSE: DBRG), Vantage's majority stakeholder.

DigitalBridge Group (NYSE: DBRG) and Columbia Capital have agreed to acquire select assets from Superloop (Singapore) Pte. Ltd. and Superloop (Hong Kong) Limited for A$140 million. This marks DigitalBridge's first fiber investment in the Asia Pacific region and aims to address the growing demand for connectivity. The deal, expected to close in early 2022, showcases DigitalBridge's strategic partnership with Superloop and Columbia Capital, capitalizing on opportunities in the Singapore and Hong Kong markets.

DigitalBridge Group (NYSE: DBRG) announced the redemption of 2,560,000 shares of its 7.125% Series H Cumulative Redeemable Perpetual Preferred Stock, representing 22.3% of the total shares. This redemption will result in a reduction of over $140 million in preferred stock since July. The redeemed shares will be paid at $25.00 each, plus any accrued dividends, effective November 15, 2021. DigitalBridge, a global digital infrastructure REIT, manages a $35 billion portfolio and aims to lower its cost of capital while enhancing cash flows.

DigitalBridge Group, Inc. (NYSE: DBRG) will release its third quarter 2021 financial results before the market opens on November 4, 2021. An earnings presentation and conference call will follow at 10:00 a.m. ET the same day. Shareholders can access the live webcast on the Company’s website. For those unable to join live, a replay will start at 1:00 p.m. ET on the same day. DigitalBridge is a leading global digital infrastructure REIT, managing a $35 billion portfolio of assets across the digital ecosystem.