Friday, August 6, 2021

DigitalBridge Differentiates Itself Among Infrastructure REITs

 By John Celentano, Inside Towers Business Editor DigitalBridge Group (NYSE: DBRG) is unique among digital infrastructure real estate investment trusts (REITs). Its mix of infrastructure assets, its global operating footprint and its “invest, operate and build” methodology set DBRG apart from other REITs in the communications business.

DBRG reported consolidated digital revenues of $236 million in 2Q21, up nearly three times over the $63 million in 2Q20. The total is a combination of digital operating revenues of $189 million and $47 million for investment management fees raised by its Digital Colony Partners II (DCP II) fund which is the company’s primary investment vehicle for acquiring or investing in new infrastructure assets. 

At the end of the quarter, with nearly $50 billion total assets under management (AUM), the company reported $35 billion digital AUM or roughly 72 percent of its goal of “rotating” to 100 percent digital AUM. Continue Reading

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