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DIGITALBRIDGE DIGITALBRIDGE ANNOUNCES THIRD QUARTER 2021 FINANCIAL RESULTS Boca Raton , November 4 , 2021 - DigitalBridge Group , Inc. ( NYSE : DBRG ) and subsidiaries ( collectively , " DigitalBridge , " or the " Company " ) today announced financial results for the third quarter ended September 30 , 2021. The Company reported third quarter 2021 total revenues of $ 252 million , GAAP net income attributable to common stockholders of $ 41 million , or $ 0.08 per share , Core FFO of $ 2.0 million and AFFO of $ 0.7 million . " Having successfully rotated more than $ 70 billion of AUM in less than three years , we've transformed DigitalBridge into a leading global digital infrastructure firm . Nearly 100 % digital , we're fully aligned with the powerful secular tailwinds driving opportunities in global connectivity and playing offense by generating growth through new offerings while accelerating operating earnings , " said Marc Ganzi , President and CEO of DigitalBridge . " We are pleased that our second flagship fund , DCP II , reached commitments of $ 8.1 billion , validating DigitalBridge as the partner of choice to institutional capital looking to build exposure to this resilient , growing asset class . " Q3 2021 HIGHLIGHTS Digital Transformation - Finish the Mission Capital formation momentum - DCP II commitments reached $ 8.1 billion in October , an increase of over $ 1.5 billion since our last quarter report and 35 % higher than the original $ 6.0 billion target . Total Digital FEEUM increased to $ 17.2 billion as of November 4 , 2021 , exceeding our year- end 2021 guidance a quarter ahead of schedule . Financial Summary ( $ in millions , except per share data and where noted ) Q3 2021 Q3 2020 Revenues Property operating income $ 195 $ 99 Fee income $ 50 $ 20 Total revenues $ 252 $ 123 Net income ( loss ) to common stockholders $ 41 $ ( 206 ) Net income ( loss ) to common stockholders per share $ 0.08 $ ( 0.44 ) Adjusted EBITDA $ 18 $ ( 6 ) $ 2 $ ( 31 ) Core FFO per share AFFO $ - $ ( 0.06 ) $ 1 N / A ( 2 ) $ - N / A ( 2 ) $ 774 $ 753 Rotation to digital - 99 % digital AUM , a rotation of $ 73 billion in AUM in less than three years , proforma for the closing of previously announced sales of legacy businesses , including the Wellness Infrastructure sale announced in September 2021 . Core FFO Transforming and scaling of our portfolio companies - Expanded our Digital Operating portfolio in the third quarter , acquiring a 24MW hyperscale data center serving the strategic Santa Clara , CA market , increasing capacity by 14 % at the Vantage SDC platform . In Digital IM , DCP II now has 8 platform investments and is nearly 50 % invested . Reduced corporate debt and lowered cost of capital - Since the second quarter , DBRG has redeemed $ 150 million in preferred stock , conducted an early exchange of $ 44 million in convertible notes and issued a $ 500 million digital investment management fee revenue securitization , effectively lowering its cost of corporate capital and increasing current cash flows . AFFO per share Liquidity ( cash & undrawn VFN / RCF ) ( 1 ) Digital Investment Management & Operating : Net income to common stockholders Adjusted EBITDA Core FFO AFFO Digital AUM ( in billions ) $ 5 $ ( 3 ) $ 34 $ 13 $ 22 $ 8 $ 20 N / A ( 2 ) $ 37.8 $ 23.3 Note : Revenues and Net Income are consolidated while Adjusted EBITDA , Core FFO , AFFO , Liquidity and AUM are DBRG OP share . ( 1 ) Amounts as of September 30 , 2021 and September 30 , 2020 , respectively . Corporate revolving credit facility ( RCF ) maximum availability was $ 500 million as of September 30 , 2020. In July 2021 , the Company terminated and replaced the RCF with $ 200 million revolving Variable Funding Notes , which were undrawn as of September 30 , 2021 . ( 2 ) AFFO introduced in Q3 2021 and was not reported in prior periods . 1