-
Brookfield Infrastructure Partners L.P. (BIP.UN)
-
Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC)
Q: What are your analysis of the results published yesterday? The market seams to have liked them (+3.56%) but I fail to see what is the big hoopla on what appears to me simply ok results.
5i Research Answer:
EPS of ($0.0954) missed estimates of $0.2565 and revenues of $5.75B beat estimates of $1.49B. Funds from Operations (FFO) increased by 12% against the prior year, led by organic growth in the quarter, as a result of elevated levels of inflation on tariffs, and strong volumes across transport networks. Management noted that it had a strong start to the year, with a number of transactions being committed in addition to completing those secured last year. While net income declined, its FFO increased for the quarter, which investors liked and seemed to be a main contributor to the positive development in share price. The name pays a good yield of 4.1%, and overall we continue to like the name for potential growth and yield.