Here's How Brookfield Infrastructure Partners LP Crushed It in 2017
By every measure, 2017 was an excellent year for Brookfield Infrastructure Partners (NYSE: BIP). For example, funds from operations (FFO) in the recently completed third quarter rocketed 28.1% versus the year-ago period, driven by a combination of acquisitions and growth projects. The company currently has the most extensive backlog of expansion projects in its history -- with more on the way -- which should fuel growth over the next few years. These factors enabled it to increase its distribution to investors 11% earlier this year, which helped fuel a total return of more than 30%, crushing the roughly 20% total return of the S&P 500.
Here's a look at what drove this strong performance and why Brookfield should be able to maintain its momentum in 2018.
Image source: Getty Images.
Source: Fool.com
