The following is a summary of the DigitalBridge Group, Inc. (DBRG) Q3 2024 Earnings Call Transcript:

Financial Performance:

• DigitalBridge Group, Inc. reported significant financial achievements in Q3 2024, including a 42% year-on-year increase in Fee-Related Earnings (FRE) and an expansion of FRE margins by 500 basis points to 34%.

• The company recorded $77 million in fee revenue and $26 million in fee-related earnings, both reflecting strong growth over the prior year.

• Total fee earning equity under management as of September 30 stood at $34 billion, up by $4.2 billion or 14% from 2023.

Business Progress:

• DigitalBridge actively expanded its investment activities, deploying significant capital into both existing and new platforms, notably in the data center and tower sectors.

• Notable transactions included acquiring a majority stake in JTOWER and forming strong investment partnerships for DataBank and Vertical Bridge to fuel expansion and meet increasing data capacity demands.

Opportunities:

• DigitalBridge is set to exceed its $7 billion capital formation target for the year, with strategic deployments focusing on expanding digital infrastructure to support AI growth and other technological advancements.

• The creation of two new investment platforms and the positive momentum in capital formation are poised to enhance the company's growth trajectory.

Risks:

• The timing shift in capital formation to later in the year affects the immediate impact on FRE, with some anticipated fees being deferred to 2025.

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