Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Earnings Per Share Reconciliation

The following table presents the basic and diluted earnings per common share computations.


	Year Ended December 31,
(In thousands, except per share data)		2023		2022		2021
Net income (loss) allocated to common stockholders


Income (Loss) from continuing operations attributable to DigitalBridge Group, Inc.		$	241,279	$	(129,578)	$	(80,312)
Income (Loss) from discontinued operations attributable to DigitalBridge Group, Inc.		(55,999)		(192,219)		(229,785)
Net income (loss) attributable to DigitalBridge Group, Inc.		185,280		(321,797)		(310,097)
Preferred stock repurchases/redemptions (Note 8)		927		1,098		(4,992)
Preferred dividends		(58,656)		(61,567)		(70,627)
Net income (loss) attributable to common stockholders		127,551		(382,266)		(385,716)
Net income (loss) allocated to participating securities		(2,179)		(34)		—
Net income (loss) allocated to common stockholders—basic		125,372		(382,300)		(385,716)
Interest expense attributable to convertible and exchangeable notes (1)		5,050		—		—
Net income (loss) allocated to common stockholders—diluted		$	130,422	$	(382,300)	$	(385,716)
Weighted average common shares outstanding
Weighted average number of common shares outstanding—basic		159,868		154,495		122,864
Weighted average effect of dilutive shares (1)(2)(3)		9,852		—		—
Weighted average number of common shares outstanding—diluted		169,720		154,495		122,864
Income (loss) per share—basic
Income (Loss) from continuing operations		$	1.13	$	(1.23)	$	(1.27)
Income (Loss) from discontinued operations		(0.35)		(1.24)		(1.87)
Net income (loss) attributable to common stockholders per common share—basic		$	0.78	$	(2.47)	$	(3.14)
Income (loss) per share—diluted
Income (Loss) from continuing operations		$	1.10	$	(1.23)	$	(1.27)
Income (Loss) from discontinued operations		(0.33)		(1.24)		(1.87)
Net income (loss) attributable to common stockholders per common share—diluted		$	0.77	$	(2.47)	$	(3.14)

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(1) With respect to the assumed conversion or exchange of the Company's outstanding senior notes, the following are excluded from the calculation of diluted earnings per share as their inclusion would be antidilutive: (a) for the years ended December 31, 2023, 2022 and 2021, the effect of adding back interest expense of $3.1 million, $16.6 million and $54.7 million, respectively, and 912,900, 12,901,700 and 33,849,100 of weighted average dilutive common share equivalents. Also excluded from the calculation of diluted earnings per share was $133.2 million of debt extinguishment loss (Note 7) for the year ended December 31, 2022.

(2) The calculation of diluted earnings per share excludes the effect of the following as their inclusion would be antidilutive: (a) class A common shares that are contingently issuable in relation to performance stock units (Note 13) with weighted average shares of 1,298,900 and 2,712,700 for the years ended December 31, 2022 and 2021; and (b) class A common shares that are issuable to net settle the exercise of warrants (Note 9) with weighted average shares of 667,400, 1,742,800 and 2,659,400 for the years ended December 31, 2023, 2022 and 2021, respectively.

(3) OP Units may be redeemed for registered or unregistered class A common stock on a one-for-one basis and are not dilutive. At December 31, 2023, 2022 and 2021, 12,375,800, 12,628,900 and 12,613,800 of OP Units, respectively, were not included in the computation of diluted earnings per share in the respective periods presented.