DigitalBridge reports Q2 distributable EPS 6c vs. 0c last year

Reports Q2 revenue $424.93M vs. $416.63M last year. Distributable earnings attributable to shareholders was $10.0M, “benefitting from growth in the investment management platform which has continued its positive trend,” the company stated. “We continued to advance our strategic position as a leading global digital infrastructure asset manager during the second quarter with strong capital formation and progress on the deconsolidation of our operating segment. That progress keeps us on track to achieve our key strategic priorities for 2023. At the portfolio level, we continued to invest and support the growing demand for compute and connectivity driven by increasingly powerful AI and cloud thematics,” said CEO Marc Ganzi.