Company: DBRG
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001679688-25-000043
Chunk: 29

Company: DigitalBridge Group, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 29
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154 $(100)$(2,200)Net unrealized gain (loss) in earnings on instruments held at March 31, 2025$100 $— $600 $3,900 Nonrecurring Fair ValuesThe Company measures fair value of certain assets on a nonrecurring basis: (i) on the acquisition date for business combinations; (ii) when events or changes in circumstances indicate that the carrying value of the assets may not be recoverable; and (iii) upon deconsolidation of a subsidiary for any retained interest. Adjustments to fair value generally result from application of the lower of amortized cost or fair value for assets held for disposition or otherwise, a write-down of asset values due to impairment. There were no assets measured at fair value on a nonrecurring basis at March 31, 2025. 

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During 2024, certain warehoused investments, previously carried at cost under the measurement alternative, were determined to be impaired and written down to fair value, estimated based upon pricing from a recent funding, or applying a probability-weighted approach to different recovery outcomes, classified as level 3 of the fair value hierarchy. These non-recurring fair values aggregated to $15.0 million at December 31, 2024. Fair Value of Financial Instruments Reported at CostFair value of financial instruments reported at amortized cost are presented below.  Fair Value MeasurementsCarrying Value(In thousands)Level 1Level 2Level 3TotalMarch 31, 2025LiabilitiesSecured fund fee revenue notes$— $288,120 $— $288,120 $296,886 December 31, 2024LiabilitiesSecured fund fee revenue notes$— $285,760 $— $285,760 $296,362 Debt—Secured fund fee revenue notes were valued based on indicative quotes. Other—The carrying values of cash and cash equivalents, accounts receivable, due from and to affiliates, interest payable and accounts payable generally approximate fair value due to their short term nature, and credit risk, if any, is negligible.

10. Earnings per Share The following table presents the basic and diluted earnings per common share computations. Three Months Ended March 31,(In thousands, except per share data)20252024Net income (loss) allocated to common stockholdersIncome (Loss) from continuing operations attributable to DigitalBridge Group, Inc.$17,700 $(16