Page 1

DIGITALBRIDGE DIGITALBRIDGE ANNOUNCES SECOND QUARTER 2021 FINANCIAL RESULTS Boca Raton , August 5 , 2021 - DigitalBridge Group , Inc. ( NYSE : DBRG ) and subsidiaries ( collectively , " DigitalBridge , " or the " Company " ) today announced financial results for the second quarter ended June 30 , 2021. The Company reported second quarter 2021 total revenues of $ 237 million , GAAP net loss attributable to common stockholders of $ ( 141 ) million , or $ ( 0.29 ) per share and Core FFO of $ ( 4.8 ) million , or $ ( 0.01 ) per share . " This past quarter marked an exciting milestone for the Company , with our business transformation from ' diversified to digital ' nearly complete we unveiled a new name and logo , DigitalBridge , highlighting our team's deep heritage investing in digital infrastructure and introducing investors to what we believe is the fastest - growing digital infrastructure REIT globally , " said Marc Ganzi , President and CEO of DigitalBridge . " Our new flagship equity fund , DCP II , now has commitments of over $ 6.6 billion , exceeding its $ 6.0 billion target and we have already made seven platform investments out of this new fund , positioning DigitalBridge for its next stage of growth . " Q2 2021 HIGHLIGHTS Executing on the Next Chapter as DigitalBridge Completed rebranding to DigitalBridge , reflecting the Company's singular focus on owning , building and operating digital infrastructure businesses on a global basis . Unveiled our strategic priorities and introduced investors to the broadest , deepest team in digital infrastructure during our inaugural Investor Day in June . Updated and increased 2021 and 2023 financial guidance for our two primary Digital businesses and introduced longer - term 2025 financial targets . Increased Digital AUM to $ 36 billion as of August 5 , 2021 , representing an increase of 11 % from the prior quarter and 65 % year - over - year ( YoY ) , driven by strong capital formation at our second flagship fund , which now stands at $ 6.6 billion inclusive of the Company's commitment . In July , issued $ 500 million of notes securitized by investment management fee earnings with a BBB investment grade rating in a first - of - its - kind transaction . Focus on Digital Earnings • The majority of legacy assets are now classified as discontinued operations and are no longer contributing to Core FFO , including Wellness Infrastructure which was transitioned to discontinued operations this quarter . The streamlined organization and reporting highlight a digital business with a strong growth trajectory and attractive returns on capital . Core FFO is now substantially comprised of Digital earnings , for which we have updated and increased guidance , and corporate overhead , which will continue to be rationalized . Existing liquidity and anticipated legacy monetizations represent over $ 2 billion of untapped earnings power . Core Digital Adjusted EBITDA increased by 146 % to $ 31 million from $ 13 million in the prior year due to significant FEEUM growth and substantial investments in high - quality Digital Operating assets , namely Vantage SDC and DataBank's acquisition of zColo . Financial Summary ( $ in millions , except per share data and where noted ) Corporate : Property operating income Fee income Total revenues Q2 2021 Q2 2020 $ 189 $ 42 $ 45 $ 20 $ 237 $ 68 Net loss to common stockholders Net loss to common stockholders per share $ ( 141 ) $ ( 2,043 ) $ ( 0.29 ) $ ( 4.33 ) Adjusted EBITDA $ 15 $ ( 5 ) Core FFO $ ( 5 ) $ ( 37 ) Core FFO per share $ ( 0.01 ) $ ( 0.07 ) Liquidity ( cash & undrawn VFN / RCF ) ( 1 ) $ 780 $ 904 Core Digital ( Investment Management & Operating ) : Net income to common stockholders Adjusted EBITDA Core FFO Digital AUM ( 2 ) ( in billions ) $ 12 $ ( 2 ) $ 31 $ 13 $ 20 $ 11 $ 34.9 $ 21.5 Note : Revenues and Net Income are consolidated while Adjusted EBITDA , Core FFO , Liquidity and AUM are DBRG OP share . ( 1 ) Amounts as of June 30 , 2021 and June 30 , 2020 , respectively . Corporate revolving credit facility ( RCF ) maximum availability was $ 500 million as of June 30 , 2020. In July 2021 , the Company terminated and replaced the RCF with $ 200 million revolving Variable Funding Notes , which are currently undrawn and included in June 30 , 2021 liquidity . In addition , June 30 , 2021 is proforma for $ 280 million of net proceeds from Class A - 2 term note issued in July 2021 and the pending redemption of $ 86 million of our preferred equity stock in August 2021 . ( 2 ) Includes Digital Investment Management , Digital Operating and Digital Other . 1