Q4 2024 DigitalBridge Group Inc Earnings Call Transcript
Key Points
- DigitalBridge Group Inc (DBRG) achieved record fundraising of $9 billion in 2024, surpassing their annual target by 28%.
- Assets under management grew from $80 billion to $96 billion, reflecting over a 20% growth rate.
- Management fees increased by over 20% for the year and over 35% in the fourth quarter, with fee-related earnings growing over 30%.
- The company successfully raised $4.8 billion in the fourth quarter alone, demonstrating strong capital formation capabilities.
- DigitalBridge Group Inc (DBRG) expanded its data center capacity significantly, with a focus on meeting AI and cloud demand, and secured a power bank of over 16 gigawatts.
- The company faced challenges in delivering financial performance in the second and third quarters of 2024.
- There was a higher than expected amount of co-investment fundraising, which impacted the ability to achieve fee-related earnings targets.
- Administrative expenses were higher than anticipated in the fourth quarter, affecting overall cost management.
- The company did not repurchase any preferred stock in 2024, despite its impact on earnings per share.
- There is a need for better communication and understanding of the value of carried interest and its impact on the stock price.
Greetings and welcome to the Digital Bridge Group fourth quarter and year-end earnings call 2024.
(Operator Instructions)
As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Severin White. Please go ahead.
Good morning everyone and welcome to Digital Bridge's fourth quarter 2024 earnings conference call. Speaking on the call today from the company is Marc C. Ganzi; our CEO, and Thomas Mayrhofer, our CFO. I'll quickly cover the safe harbor. Some of the statements that we make today regarding our business operations and financial performance may be considered forward-looking, and such statements involve a number of risks and uncertainties that could cause actual results to differ materially.
All information discussed on this call is as of today, February 20, 2025, and Digital Bridge does not intend and undertakes no duty to update it for future events or circumstances. For more information, please refer to
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