Colony Capital, Inc. (NYSE: CLNY) is a leading global investment management firm with assets under management of $53 billion, which includes approximately $14 billion of assets under management from Digital Bridge, a leading global investment manager of digital infrastructure assets including cell towers, small cells, fiber and data centers. The Company manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, and traded and non-traded real estate investment trusts. The Company has significant holdings in: (a) the healthcare, industrial and hospitality property sectors; (b) Colony Credit Real Estate, Inc. (NYSE: CLNC), which is externally managed by a subsidiary of the Company; and (c) various other equity and debt investments. The Company is headquartered in Los Angeles with key offices in Boca Raton, New York, Paris and London, and has over 450 employees across 21 locations in 13 countries including employees assumed in the July 2019 business combination with Digital Bridge. https://www.clny.com/
At US$4.64, Is It Time To Put Colony Capital, Inc. (NYSE:CLNY) On Your Watch List? Simply Wall St , Simply Wall St.•26 January 2020 Check out our latest analysis for Colony Capital What is Colony Capital worth? Good news, investors! Colony Capital is still a bargain right now. My valuation model shows that the intrinsic value for the stock is $5.98, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. However, given that Colony Capital’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. What does the future of Colony Capital look like? NYSE:CLNY Past and Future Earnings, January 26th 2020 Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Colony Capital’s earnings over the next few years are expected to increase by 87%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. https://uk.finance.yahoo.com/news/us-4-64-time-put-143621192.html
Colony Capital Announces Fourth Quarter and Full Year 2019 Financial Results and Affirms Full Year 2020 Dividend Colony Capital, Inc. (NYSE:CLNY) and subsidiaries (collectively, "Colony Capital," or the "Company") today announced financial results for the fourth quarter and full year ended December 31, 2019. The Company’s Board of Directors declared a first quarter 2020 dividend of $0.11 per share and the Company expects to maintain a $0.44 per share regular dividend on its Class A and B common stock for the full year 2020. Underlying this expectation is the Company’s full year 2020 outlook for (i) Core FFO excluding gains and losses of $0.35 to $0.40 per share and (ii) significant anticipated 2020 net cash gains, including $106 million, or $0.20 per share of realized gain through the sale of our interest in RXR Realty earlier this month. https://uk.finance.yahoo.com/news/colony-capital-announces-fourth-quarter-123000504.html
Colony Capital Issues Statement Regarding Blackwells Capital Colony Capital Inc. ("Colony Capital" or the "Company") (NYSE: CLNY) today issued the following statement in response to the press release issued by Blackwells Capital LLC ("Blackwells"): There is nothing new in Blackwells’ latest letter, which is yet another effort to hide its lack of a coherent strategy behind personal attacks against Colony’s Board and management team. Following the consummation of a cooperation agreement with Blackwells in February 2019 under which three new directors were appointed to the Colony Capital Board of Directors and the Board formed a Strategic Asset Review Committee ("SARC"), the SARC completed a comprehensive review process and the Company successfully executed a number of important initiatives. The Company’s actions – including the CEO succession announcement, pivot to digital infrastructure, and numerous value enhancing acquisitions and divestitures – resulted from the strategic review process overseen by the five independent directors on the SARC (including the directors approved by Blackwells last year), and were unanimously approved by the full Board. In short, the directors approved by Blackwells last year have been instrumental in charting the Company’s strategic path. Colony Capital believes it is important to note that Colony insiders own approximately 9.5% of Colony’s outstanding shares – underscoring that Colony’s Board, executives and senior management have much more at stake and are aligned with the interests of other shareholders. In contrast, Blackwells owns less than 1.9%, has presented no new ideas, and already has disproportionate representation on the Board. The Board and management team of Colony Capital, including the three directors that Blackwells itself approved last year, are confident in its ongoing strategic pivot, and will continue to advance that strategy to drive long-term value for all shareholders. Morgan Stanley is serving as financial advisor to Colony Capital and Hogan Lovells is serving as legal counsel. https://uk.finance.yahoo.com/news/colony-capital-issues-statement-regarding-123000242.html
Colony Capital Provides Update Regarding Impact of COVID-19 Colony Capital, Inc. (NYSE: CLNY) ("Colony Capital" or the "Company") today announced a number of updates in connection with the impact of COVID-19 on its assets and business operations. The Company is withdrawing its full year 2020 outlook for Core FFO. The Company is withdrawing its dividend guidance through the remainder of 2020; this change will have no impact on the previously declared first quarter 2020 dividend of $0.11 per share on Colony Capital Class A and B common stock payable on April 15, 2020 to respective stockholders of record on March 31, 2020. The Company is withdrawing its guidance for other equity and debt monetizations. The Company’s digital assets under management ("AUM"), which now represent approximately 40% of the Company’s AUM following the recent closing of the Zayo acquisition, continue to perform well. This performance underscores the Company’s commitment to its digital transition, which the Company believes will minimize its exposure to future macroeconomic shocks such as COVID-19. "Since our earnings call on February 28, 2020, the coronavirus has been declared a pandemic and has fundamentally altered the global economy," said Thomas. J. Barrack, Jr., Executive Chairman and Chief Executive Officer. "Given the unprecedented nature of the situation, the Board and management team believe it is prudent to take these proactive measures to mitigate the impacts of COVID-19." Mr. Barrack continued, "The safety and well-being of our employees, tenants, business partners, and communities is our first priority, so we are carefully monitoring developments and taking appropriate steps across our portfolio. Fortunately, Colony Capital has a strong foundation, an experienced and dedicated team, and ample liquidity to manage through this challenging, uncertain period." https://finance.yahoo.com/news/colony-capital-provides-regarding-impact-113000226.html
Colony Capital Reaches Cooperation Agreement with Blackwells Capital Jeannie Diefenderfer to Join the Company’s Slate and Stand for Election to the Colony Capital Board of Directors at the 2020 Annual Meeting of Stockholders Blackwells to Support the Company’s Slate of Director Nominees at 2020 Annual Meeting">Blackwells to Support the Company’s Slate of Director Nominees at 2020 Annual Meeting Colony Capital Inc. ("Colony Capital" or the "Company") (NYSE: CLNY) today announced that it has reached a cooperation agreement with Blackwells Capital ("Blackwells"), which owns approximately 2% of the Company’s outstanding common stock. Pursuant to the agreement, Colony Capital will nominate Jeannie Diefenderfer to stand for election to the Company’s Board of Directors (the "Board") at the 2020 Annual Meeting of Stockholders (the "Annual Meeting"). Following the Annual Meeting, Colony Capital’s Board will continue to comprise 12 directors, of whom 11 are independent. "We are pleased to have reached an agreement, and appreciate that Blackwells has affirmed its support of our strategy, Board and management team," said Nancy Curtin, Colony Capital’s Lead Independent Director. "With an extensive background in digital investing and digital real estate, Jeannie adds a highly complementary skill set, diversity and relevant experience that will further enhance our oversight of management’s ongoing successful implementation of its digital strategy. We are confident that Jeannie’s expertise and perspective will be additive to our ongoing mission to generate long-term, sustainable value for stockholders." "We stand behind Mr. Barrack, and his vision in rotating to a global digital platform along with the recruitment of a first class executive in Marc Ganzi to lead Colony," said Jason Aintabi, Chief Investment Officer of Blackwells. "We are excited by the new management team, and it is energizing to see Jeannie being added to the Board. Colony has taken a number of pro-investor steps recently that give us great comfort. We are confident that Marc Ganzi’s management team and the Board will do an excellent job of building upon Tom Barrack’s visionary leadership. We are today standing down from the proxy contest and further investing in Colony because we believe in the Company, its new Board and management." Under the terms of the agreement, Blackwells has agreed to withdraw its slate of five nominees and vote its shares in favor of all of the Board’s nominees and support all Board recommended proposals at the Company’s 2020 Annual Meeting. Blackwells will abide by certain standstill and voting commitments, including a standstill with respect to Colony Capital until the tenth anniversary of the agreement as well as voting in favor of the Board’s recommendations until the third anniversary of the agreement. Colony Capital and Blackwells have also agreed to enter into a joint venture to acquire Colony Capital common stock on the open market. The Company will commit $13.23 million in CLNY common stock and/or cash, and Blackwells will commit $1.47 million in cash. Colony Capital will serve as the Managing Member of the joint venture and Blackwells will retain customary minority protections. https://finance.yahoo.com/news/colony-capital-reaches-cooperation-agreement-131500193.html
Colony Capital Names Severin White as Head of Public Investor Relations Colony Capital, Inc. (NYSE: CLNY) ("Colony" or the "Company") today announced the appointment of Severin White as Managing Director, Head of Public Investor Relations, effective immediately. As Head of Public Investor Relations, Mr. White will, among other things, manage and cultivate relationships with the investment community, oversee the Company’s financial communications and shareholder outreach, and act as a liaison between the management team, Board of Directors and Colony Capital’s ownership base. He will also support the Colony senior leadership team, as the Company pivots its focus to digital infrastructure and real estate. https://uk.finance.yahoo.com/news/colony-capital-names-severin-white-140000939.html
Digital Colony Expands in LatAm With Brazilian Data Center Deal (Bloomberg) -- Colony Capital Inc. investment arm Digital Colony Management is expanding in Latin America with the purchase of data center assets from Brazil’s Grupo Folha, at a time when stay-at-home orders around the world are boosting demand for digital infrastructure. The assets, from the UOL Diveo unit of Folha, will form a new Sao Paulo-based data center platform led by former IBM executive Marcos Peigo, said Digital Colony Chief Executive Officer Marc Ganzi, who is due to take on the top job at Los Angeles-based Colony Capital in July. The new platform, Scala Data Centers, will be one of the largest of its kind in Brazil and will seek to grow through acquisitions, Ganzi said. “The situation in Latin America is no different to the situation here -- companies are asking employees to work from home and in addition to that, cloud growth in Latin America is significant and we have a huge opportunity to deploy capital behind some of our best relationships in the region,” Ganzi said in an interview. The transaction values the assets at $300 million to $400 million, according to a person with knowledge of the matter who asked not to be identified because the acquisition price isn’t public. Ganzi said the companies had been discussing the deal for about a year and most of the due diligence and negotiations were completed before the world went into lockdown mode. The transaction will be funded partly with equity from Digital Colony’s inaugural fund, Ganzi said. The transaction follows Digital Colony’s purchase of Highline do Brasil last year. In the U.S., the company was part of a consortium that last month completed one of the largest leveraged buyouts of 2019, with the $14.3 billion purchase of fiber network owner Zayo Group Holdings Inc. The digital infrastructure sector is a rare bright spot as the global coronavirus pandemic upends markets, threatens industries from airlines to retail and curtails dealmaking. Digital Colony serves customers including telecom and broadband providers as well as internet content giants, which are all riding a rise in demand as people work from home, try to home-school their children and entertain themselves with platforms such as Netflix. “There have been two core thematics in the last 30 days -- customers are asking for more broadband capacity and there’s been continued growth in cloud computing because of growing demand” from big tech players, Ganzi said. https://uk.finance.yahoo.com/news/digital-colony-expands-latam-brazilian-040000706.html
Digital Colony, an arm of Tom Barrack’s Colony Capital Inc., is seeking at least $6 billion for its second fund dedicated to communications-infrastructure bets, according to people with knowledge of the matter. The firm has initiated discussions with prospective investors including pensions and sovereign-wealth funds, said the people, who requested anonymity because the talks are private. It’s seeking to hold a first close on the fund by November, one of the people said. Digital Colony, led by managing partners Marc Ganzi and Ben Jenkins, closed on a $4.05 billion debut fund last June. Digital Colony Partners I has made 10 investments and is now more than 73% deployed, Ganzi said on a Colony earnings call last week. It’s doing due diligence and evaluating opportunities on which it may spend its remaining capital, he said. Digital Colony teamed up with EQT Partners to purchase fiber-network owner Zayo Group Holdings Inc., and has agreed to buy data-center assets from Brazil’s Grupo Folha. Earlier this month, it recapitalized Beanfield Metroconnect, a provider of telecom infrastructure in Canada. Digital Colony also reached a deal to inject new equity into Vantage Data Centers as part of that company’s purchase of Etix Everywhere earlier this year. https://uk.finance.yahoo.com/news/digital-colony-seeking-raise-6-192257329.html
Colony Capital Hires Moelis to Weigh Options for Hotel Holdings (Bloomberg) -- Colony Capital Inc. has hired Moelis & Co. to explore options for its hotel holdings as it migrates its focus from traditional commercial real estate to digital properties such as data centers, according to people with knowledge of the matter. Colony is weighing alternatives for its portfolio of select-service, extended stay and full-service hotels, said the people, who requested anonymity discussing a private matter. Los Angles-based Colony disclosed information about its lodging holdings on Friday “to enhance visibility and transparency” as it evaluates strategic options. Earlier this month, the real estate investment trust said it was working with an external adviser to “evaluate strategic and financial alternatives to maximize the value of its hospitality assets.” Representatives for Colony and Moelis declined to comment. With travel mostly halted, hotels have been hit harder than other real estate sectors during the shelter-at-home orders imposed in response to the coronavirus pandemic. Approximately 35% of hospitality commercial mortgage backed securities were delinquent in May, according to the Commercial Real Estate Finance Council. The company said its hotel properties are held in seven separate portfolios and that the associated debt has no recourse to Colony itself. One portfolio, for instance, includes some 6,400 rooms across 48 properties that operate under brands including Courtyard by Marriott and Hilton Garden Inn. Another has almost 8,600 rooms across 89 properties that are mostly flagged by Marriott and Hilton. The REIT said it doesn’t “anticipate allocating material amounts of its own capital to these hospitality portfolios.” It added that the disclosure on Friday improves its ability to “explore potential transactions involving portions of its hospitality borrowings, including transacting in the borrowings either directly or through joint ventures or other collaborative efforts with third party capital sources.” Colony also said it remains in “active negotiations” with lenders and servicers to seek forbearance and debt modifications to protect the value of its lodging holdings. The REIT’s founder Tom Barrack plans to step down as chief executive officer later this summer. Colony’s stock has fallen more than 50% this year, worse than the roughly 18% decline for Bloomberg U.S. REIT index. Separately, a $145 million loan owned by Colony Credit Real Estate Inc., in which Colony Capital is the largest shareholder, is on the block, according to people familiar with the matter and a marketing document seen by Bloomberg. The loan is on the Fairmont Grand Del Mar, a luxury resort near San Diego, the document shows. https://uk.finance.yahoo.com/news/colony-capital-hires-moelis-weigh-163616884.html
