The following is a summary of the DigitalBridge Group, Inc. (DBRG) Q4 2023 Earnings Call Transcript:

Financial Performance:

• DigitalBridge reported Q4 revenues of $350 million, a 29% increase from last year.

• Distributable earnings stood at $18 million, equivalent to $0.10 per share.

• Adjusted EBITDA rose by 88% compared to Q4 2022 to $32 million.

• Assets under management jumped 52% from last year to $80 billion.

• Fee-earning equity under management rose by 47% to $33 billion.

• A year-over-year increase in fee revenues and fee-related earnings were seen by 59% and 64%, respectively.

• A 31% increase in distributable earnings from the investment management segment was observed.

• The sustaining liquidity is approximately $475 million.

Business Progress:

• DigitalBridge's investment management segment showed notable growth in 2023.

• The launch of flagship fund, DigitalBridge Partners III, and the deconsolidation of Vantage SDC boosted the corporate structure.

• Anticipated fundraising in 2024 is expected to further bolster the company's position.

• Transformation from owning real estate assets to digital infrastructure asset management simplified their financial profile.

• The balance sheet was de-leveraged by over $5 billion.

• Fundraising rose by 60% YoY with an increase in limited partners from 100 to 250.

• Portfolio companies within digital infrastructure remained high performers.

• Investment of $15 billion planned for 2024 focusing on current portfolio companies and the launch of new investment platforms.

• A low but growing dividend policy was implemented.

• Plans for data center expansion and employment of industry veterans to enhance renewable energy in data centers have been started.

More details: DigitalBridge Group IR

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