DigitalBridge Group, Inc. (NYSE: DBRG) and subsidiaries yesterday announced financial results for the first quarter ended March 31, 2022. The company reported first quarter 2022 total revenues of $257 million, GAAP net loss attributable to common stockholders of $(262) million, or $(0.46) per share, and Distributable Earnings and AFFO of $1.6 million.
“We’re off to a great start to the year, already delivering on many of our key 2022 objectives,” said Marc Ganzi, CEO of DigitalBridge. “We’ve announced two important strategic transactions that accelerate and scale our high-performance investment management platform, putting us in a strong position to outperform our financial targets. We also made great progress with new core, credit, and ventures investments that advance our progress towards building a full-stack digital infrastructure investor.”
On February 16, 2022, the company’s Board declared cash dividends with respect to each series of the company’s cumulative redeemable perpetual preferred stock in accordance with the terms of such series, as follows: Series H preferred stock: $0.4453125 per share; Series I preferred stock: $0.446875 per share; and Series J preferred stock: $0.4453125 per share. Such dividends were paid on April 15, 2022, to the respective stockholders of record on April 12, 2022.
On May 4, the company’s Board declared cash dividends with respect to each series of the company’s cumulative redeemable perpetual preferred stock in accordance with the terms of such series. Dividends will be paid on July 15, 2022, to the respective stockholders of record on July 11, 2022.
DigitalBridge manages a $47 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders.
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