Brookfield Infrastructure Hits Recycling Target amid Q3 Challenges

Brookfield Infrastructure (TSE:BIPC) has released an update.

Brookfield Infrastructure has achieved its $2 billion capital recycling target for 2024 and reported a net loss of $52 million in Q3, primarily due to losses in corporate hedging activities. However, the company experienced a 7% increase in funds from operations, driven by strong performances in the transport and data segments, as well as strategic acquisitions. Despite higher borrowing costs, Brookfield’s strategic initiatives, including a significant telecom tower acquisition in India, are expected to drive future growth.

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