DigitalBridge Group (DBRG)

[RyGuy]

Marc Ganzi quote from Earnings Call about Dividends

Operator:
Thank you. Our next question is coming from the line of Dan Day with B. Riley.

Dan Day:
So, personally, for me just timing on putting the dividend back in place, just both timing and then sort of what you're looking at, to have in place before you go ahead and do that?

Marc Ganzi:
Well, I think look consistent with what Jacky said about our AFFO guidance for 2022. We'll give that guidance in our fourth quarter earnings, which will be early in Q1 of next year. I'll restate what I've consistently said all year, which is we are turning the dividend back on next year. And the level at which we will do that gates on a couple of different things that happened in the fourth quarter. But we plan to turn on a de minimis dividend. We've always been very clear with everyone that we see enormous opportunity to redeploy that capital and things that we believe are accretive and speak to long-term shareholder growth. And ultimately delivering the kind of earnings, EBITDA and revenue growth that we're delivering right now requires, as much capital as we can keep on the balance sheet. So there's a balance here, as you'd expect.

We believe that we have the potential to be one of the fastest growing digital REITs in the world, in terms of revenue growth, EBITDA growth and AFFO growth. And to do that we want to maintain maximum flexibility. But we are committed to turning the dividend back on.