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1. Company Snapshot

1.a. Company Description

DigitalBridge (NYSE: DBRG) is an infrastructure investment firm.It specializes in investing and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, edge infrastructure, digital infrastructure and real estate.DigitalBridge Group, Inc.


was founded in 2009 and is headquartered in Boca Raton, Florida with additional offices in Los Angeles, California; New York, New York; Boston, Massachusetts; Denver, Colorado; London, United Kingdom; Senningerberg, Luxembourg and Singapore.

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1.b. Last Insights on DBRG

DigitalBridge Group, Inc.'s recent performance was negatively impacted by a cautious outlook from brokerages, with a consensus recommendation of "Moderate Buy" from ten research firms, including two analysts with a sell rating and one with a hold rating. Despite beating Q3 earnings estimates with $0.12 per share, compared to the Zacks Consensus Estimate of $0.09 per share, the company's growth prospects are being scrutinized. Additionally, the ongoing investigation into the buyout of WideOpenWest, Inc. by DigitalBridge Investments, LLC and Crestview Partners may be weighing on investor sentiment.

1.c. Company Highlights

2. DigitalBridge's Q3 2025 Earnings: A Strong Performance

DigitalBridge delivered a robust financial performance in Q3 2025, with fee revenues reaching $94 million, up 22% year-over-year. The company's fee-related earnings (FRE) grew 43% to $37 million, driven by the cumulative effect of organic growth in its flagship fund series and co-investments. The actual EPS came out at $0.12, beating estimates of $0.09. The strong revenue growth and expanding margins are a testament to the company's successful execution of its business strategy.

Publication Date: Nov -03

📋 Highlights
  • Fee Revenue Growth:: Q3 fee revenue hit $94 million, up 22% YoY, driven by organic growth and $8 million in catch-up fees.
  • Capital Formation Milestones:: Raised $1.6 billion in Q3, bringing 2025 year-to-date capital to $4.1 billion, exceeding 2025 targets.
  • Fee-Related Earnings Surge:: FRE reached $37 million in Q3 (+43% YoY), on track to exceed 2025 guidance, with $40.7 billion in FEEUM achieved 1 quarter early.
  • Strategic Power Bank Expansion:: $40 billion in mega-campus developments (Frontier, Lighthouse) secured, including the $25 billion Texas Frontier campus with 1.4 gigawatts of capacity.
  • Private Wealth Partnership:: Launched Franklin Templeton collaboration to tap $94 trillion global infrastructure demand, leveraging $100+ billion AUM in digital and energy assets.

Financial Highlights

The company's financial performance was characterized by significant growth in fee-earning equity under management (FEEUM), which increased to $40.7 billion, representing a 19% increase from the previous year. The company's available corporate cash stood at $173 million, providing material liquidity and flexibility. DigitalBridge also holds $54 million of warehouse investments on its balance sheet to support the launch of new power and private wealth strategies.

Strategic Partnerships and Growth Initiatives

DigitalBridge announced a strategic partnership with Franklin Templeton to launch a programmatic private wealth distribution channel, democratizing access to institutional-quality digital infrastructure investments. The company is also executing on its second credit strategy and new offerings in power, stabilized data centers, and private wealth, which will drive its 2026 capital formation. As Marc Ganzi, CEO of DigitalBridge, noted, the company's execution and experience are key differentiators in the industry, with a strong pipeline of projects and a focus on customer satisfaction.

Valuation Metrics

With a P/E Ratio of 36.91 and an EV/EBITDA of 20.97, the market is pricing in significant growth expectations for DigitalBridge. Analysts estimate next year's revenue growth at 162.9%, indicating a high level of confidence in the company's ability to continue its strong performance. The company's ROE (%) stands at 2.86, and its ROIC (%) is 9.3, indicating a relatively efficient use of capital.

Outlook

DigitalBridge is well-positioned for continued growth, with a strong pipeline of projects and a focus on execution and customer satisfaction. The company's strategic partnerships and new initiatives are expected to drive its 2026 capital formation, and its strong liquidity provides flexibility for future investments. With a Free Cash Flow Yield (%) of 9.79, the company appears to be undervalued relative to its growth prospects.

3. NewsRoom

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Digita Group Announces Agreement to Be Acquired by GI Partners

Dec -02

Source: prnewswire.com

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Ensign Peak Advisors Inc Cuts Position in DigitalBridge Group, Inc. $DBRG

Dec -01

Source: defenseworld.net

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Why I Am Buying Preferred Stocks Hand Over Fist; Yields +7%

Nov -28

Source: seekingalpha.com

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DigitalBridge Signs Strategic MOU with KT Corporation to Develop Next-Generation AI Data Centers in Korea

Nov -26

Source: businesswire.com

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AXQ Capital LP Invests $341,000 in DigitalBridge Group, Inc. $DBRG

Nov -25

Source: defenseworld.net

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DigitalBridge Group (NYSE:DBRG) & PennyMac Mortgage Investment Trust (NYSE:PMT) Financial Review

Nov -25

Source: defenseworld.net

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DigitalBridge Announces Total Commitments of $11.7 Billion in Fund and Related Fund LP Co-Investment Commitments for DigitalBridge Partners III

Nov -19

Source: businesswire.com

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Down 25.6% in 4 Weeks, Here's Why You Should You Buy the Dip in DigitalBridge (DBRG)

Nov -18

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.72%)

6. Segments

Investment Management

Expected Growth: 11.4%

Growing demand for digital infrastructure, increasing adoption of 5G and IoT, and rising need for data storage and processing are driving growth in digital infrastructure investments.

Corporate and Other

Expected Growth: 3.5%

DigitalBridge Group's Corporate and Other segment is expected to grow steadily, driven by increasing demand for digital infrastructure and the company's strategic expansion into new markets, as well as the growing need for support functions to facilitate business operations.

7. Detailed Products

Data Centers

DigitalBridge Group, Inc. offers data center solutions that provide secure, reliable, and scalable infrastructure for businesses to store, process, and manage their data.

Cell Towers

DigitalBridge Group, Inc. owns and operates a portfolio of cell towers that provide essential wireless communication infrastructure for mobile network operators.

Fiber Networks

DigitalBridge Group, Inc. offers fiber network solutions that provide high-speed, low-latency connectivity for businesses and organizations.

Small Cells

DigitalBridge Group, Inc. provides small cell solutions that enhance wireless network coverage and capacity in urban and rural areas.

Edge Data Centers

DigitalBridge Group, Inc. offers edge data centers that bring computing resources closer to users, reducing latency and improving performance.

Tower Sites

DigitalBridge Group, Inc. owns and operates a portfolio of tower sites that provide essential infrastructure for wireless communication.

8. DigitalBridge Group, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

DigitalBridge Group, Inc. operates in a niche market with limited substitutes, but the threat of substitutes is still present due to the evolving nature of the digital infrastructure industry.

Bargaining Power Of Customers

DigitalBridge Group, Inc.'s customers have limited bargaining power due to the company's specialized services and limited alternatives.

Bargaining Power Of Suppliers

DigitalBridge Group, Inc. relies on a few key suppliers for its infrastructure needs, giving them some bargaining power, but the company's scale and diversification mitigate this risk.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in the digital infrastructure industry, including significant capital requirements and regulatory hurdles.

Intensity Of Rivalry

The digital infrastructure industry is highly competitive, with several established players competing for market share, leading to a high intensity of rivalry.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 17.03%
Debt Cost 5.83%
Equity Weight 82.97%
Equity Cost 13.77%
WACC 12.42%
Leverage 20.53%

11. Quality Control: DigitalBridge Group, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Starwood Property Trust

A-Score: 7.4/10

Value: 6.3

Growth: 6.1

Quality: 7.1

Yield: 10.0

Momentum: 5.0

Volatility: 9.7

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National Health Investors

A-Score: 6.7/10

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W. P. Carey

A-Score: 6.7/10

Value: 3.4

Growth: 4.3

Quality: 6.3

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Broadstone Net Lease

A-Score: 6.6/10

Value: 3.8

Growth: 3.8

Quality: 6.8

Yield: 10.0

Momentum: 5.0

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Essential Properties Realty Trust

A-Score: 6.4/10

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Growth: 6.8

Quality: 6.8

Yield: 8.0

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DigitalBridge

A-Score: 3.5/10

Value: 4.3

Growth: 3.2

Quality: 7.7

Yield: 0.0

Momentum: 2.5

Volatility: 3.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

14.61$

Current Price

14.61$

Potential

-0.00%

Expected Cash-Flows