Digitalbridge Group Inc Stock Price, News & Analysis

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.

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.