5 Things Brookfield Infrastructure Partners L.P.'s Management Wants You to Know
Brookfield Infrastructure Partners (NYSE: BIP) is having an exceptional year. That was evident in the company's second-quarter results as its bold bets to buy assets in Brazil over the past year paid off big-time. That said, one thing the company's management team made clear on the accompanying conference call is that it still has plenty of growth left in the tank. Here are five things they wanted investors to know about their recent success and what's coming down the pipeline.
CFO Bahir Manios led off the call by pointing out:
Brookfield Infrastructure had a very good second quarter, building on the strong momentum from the first three months of the year. During the quarter, we generated funds from operations, or FFO, of $295 million, or $0.80 on a per unit basis. These results were a record for our business, representing year-over-year increases of 28% and 19%, respectively, driven by the initial contribution from the regulated gas transmission investment we recently made in Brazil, and the continued strength of our base business that organically grew its FFO by 10% on a same-store constant currency basis.
Source: Fool.com
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