Brookfield Infrastructure Partners Reports Strong Q4 Funds from Operations, Exceeding Expectations
HAMILTON, Bermuda - Brookfield Infrastructure Partners LP (BIP) announced its fourth-quarter profitability metrics on Thursday, surpassing Wall Street estimates.
BIP reported funds from operations (FFO) of $646 million, translating to 82 cents per share. This outperformed the average analyst estimate of 79 cents per share, as polled by Zacks Investment Research.
FFO is a key performance indicator in the REIT industry, reflecting net income after adjusting for depreciation and amortization.
Net income for the quarter stood at $265 million, or 22 cents per share.
The Bermuda-based company generated revenue of $5.44 billion during the period.
For the full year, BIP reported FFO of $2.47 billion and revenue of $21.04 billion.
BIP shares have shown a modest increase of 1% year-to-date and in the past 12 months.