Company: DBRG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001679688-25-000017
Chunk: 200

Company: DigitalBridge Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 200
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 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. 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 September 30, 2024. There were no assets carried at nonrecurring fair value at December 31, 2023.

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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 3TotalDecember 31, 2024LiabilitiesSecured fund fee revenue notes$— $285,760 $— $285,760 $296,362 December 31, 2023LiabilitiesSecured fund fee revenue notes$— $250,547 $— $250,547 $294,267 Exchangeable senior notes152,296 — 152,296 77,516 Debt—Senior notes and 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.

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11. Earnings per Share The following table presents the basic and diluted earnings per common share computations. Year Ended December 31,(In thousands, except per share data)202420232022Net income (loss) allocated to common stockholdersIncome (Loss) from continuing operations attributable to DigitalBridge Group, Inc.$89,214 $241,279 $(129,578)Preferred stock repurchases/redemptions (Note 8)— 927 1,098 Preferred dividends(58,641)(58,656)(61,567)Income (loss) allocated to participating securities(221)(2,179)(34)Income (Loss) from continuing operations attributable to