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ColonyCapital COLONY CAPITAL ANNOUNCES FIRST QUARTER 2021 FINANCIAL RESULTS Boca Raton , May 6 , 2021 - Colony Capital , Inc. ( NYSE : CLNY ) and subsidiaries ( collectively , " Colony Capital , " or the " Company " ) today announced financial results for the first quarter ended March 31 , 2021. The Company reported first quarter 2021 total revenues of $ 316 million , GAAP net income attributable to common stockholders of $ ( 265 ) million , or $ ( 0.56 ) per share and Core FFO of $ 4.0 million , or $ 0.01 per share . " During the first quarter we made significant progress towards our 2021 goals . Our digital portfolio companies continue to grow and generate strong performance and we are busy deploying fresh capital from DCP II , our new flagship equity offering , into exciting new digital platforms , " said Marc Ganzi , President and Chief Executive Officer . " The growth in our digital businesses combined with key legacy dispositions puts us at 70 % rotated currently , already past our target for the year . Our business transformation dovetails with profound governance changes , with Nancy Curtin , our lead independent director , recently agreeing to step into the role of Chairperson and the addition of a new digital board member in Shaka Rasheed , earlier this week at our Annual Meeting . " Q1 2021 HIGHLIGHTS Momentum at Digital Businesses Digital AUM rose to $ 32 billion , 70 % of total AUM as of May 6 , 2021 . Capital formation at Digital Colony Partners II ( DCP II ) drove strong growth in the Digital IM segment , with revenues and FRE both up over 50 % YoY . Organic growth and a strong contribution from DataBank's expanded footprint drove higher revenue and EBITDA in the Digital Operating segment , which exceeded 2021 EBITDA guidance on a run - rate basis during the quarter . DataBank , supported by the Digital Colony capital markets team , completed a first - of - its - kind enterprise data center financing , raising over $ 650 million in securitized notes to extend its debt maturities and provide new capital to fund growth , while lowering its overall cost of debt by over 50 % . Generated Positive Core FFO Digital FRE increased by 54 % to $ 15.5 million from $ 10.1 million in the prior year due to significant FEEUM growth of $ 5.1 billion in the last twelve months . Digital Operating EBITDA increased to $ 14.4 million from $ 3.2 million in the prior year led by substantial investments in high quality Digital Operating assets , namely Vantage SDC and DataBank's acquisition of zColo . Significant G & A savings through legacy asset sales and corporate cost rationalization efforts also contributed to the positive Core FFO outcome . Financial Summary ( $ in millions , except per share data and where noted ) Revenues Property operating income Interest income Fee income Other income Q1 2021 Q1 2020 $ 275 $ 184 3 3 34 25 4 6 Total revenues Adjusted EBITDA $ 316 $ 217 $ 56 $ 36 Net income to common stockholders $ ( 265 ) $ ( 362 ) Core FFO $ 4 $ ( 12 ) Core FFO per share $ 0.01 $ ( 0.02 ) Digital Fee Related Earnings ( " FRE ” ) ( 1 ) Digital Operating EBITDA $ 15 $ 10 $ 14 $ 3 Digital Core FFO ( 2 ) $ 16 $ 11 Liquidity and Digital AUM 03/31/21 12/31/20 Liquidity ( cash & undrawn RCF ) Digital AUM ( in billions ) $ 667 $ 737 $ 32.0 $ 30.0 Note : Revenues , Net Income , Adjusted EBITDA and Digital FRE are consolidated while Core FFO , Digital Core FFO , Digital Operating EBITDA , Liquidity and AUM are CLNY OP share . ( 1 ) Reported 1Q21 FRE was $ 18.2 million , however , the figure above has been adjusted to exclude a $ 2.7 million benefit from reversing unused portions of the one - time incentive expense recorded in 4Q20 . ( 2 ) Includes Digital Investment Management and Digital Operating , excludes Digital Other . 1