DigitalBridge Group, Inc. (NYSE:DBRG) Q4 2023 Earnings Call Transcript February 20, 2024 8:00 AM ET
Company Participants
Severin White - MD, Head of Public IR
Marc Ganzi - CEO
Jacky Wu - CFO
Tom Mayrhofer - CFO Elect
Conference Call Participants
Michael Elias - TD Cowen
Jade Rahmani - KBW
Ric Prentiss - Raymond James
Richard Choe - JPMorgan
Eric Luebchow - Wells Fargo
Matt Niknam - Deutsche Bank
Operator
Greetings. Welcome to DigitalBridge Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce Severin White. Please begin.
Severin White
Good morning, everyone, and welcome to the DigitalBridge fourth quarter 2023 earnings conference call. Speaking on the call today from the company is Marc Ganzi, our CEO, and Jacky Wu, our CFO. We're also joined by Tom Mayrhofer, who will be transitioning into the CFO role during the second quarter of this year, as previously announced. I'll quickly cover the safe harbor and then we can get started.
Some of the statements that we make today regarding our business operations and financial performance may be considered forward-looking and such statements involve a number of risks and uncertainties that could cause actual results to differ materially. All information discussed on this call is as of today, February 20, 2024, and DigitalBridge doesn't intend and undertakes no duty to update it for future events or circumstances. For more information, please refer to the risk factor discussed in our most recent Form 10-K to be filed with the SEC for the year ending December 31st, 2023.
Great. So we're going to start with Marc summarizing the progress we've made on our key priorities in 2023. Jacky will walk us through our new simplified financial results and turn it back over to Marc to lay out our 2024 business plan.
With that, I'll turn the call over to Marc Ganzi, our CEO. Marc?
Marc Ganzi
Thanks, Severin. Before we look ahead to 2024 in our third section, executing the digital playbook, I'd like to recap 2023 and summarize on how we delivered on our key priorities for the following year. As I like to say, it's the three things that matter, fundraising, simplification, and performance down at our portfolio companies. And let's put this report in a broader context, because look, at the end of 2023, we have successfully completed a multi-year transformation at DigitalBridge, taking a diversified read across five real estate verticals and refocusing that business exclusively on the digital infrastructure ecosystem where my team has been successfully investing and operating for over 25 years. Along the way, on this $80 billion transformation, we harvested real value for DigitalBridge shareholders, from the sale of legacy assets while continuing to grow, what I believe is the leading global asset management platform focused on digital infrastructure.