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Brookfield Infrastructure ( (TSE:BIPC) ) just unveiled an announcement.
Brookfield Infrastructure announced robust financial results for the year ending December 31, 2024, highlighting strong operational performance and successful capital recycling initiatives. Despite a slight decrease in net income attributable to the partnership from $432 million in 2023 to $391 million in 2024, funds from operations (FFO) rose by 8% to $2.5 billion. The increase was driven by organic growth, recent acquisitions, and higher volumes across infrastructure networks. The company also declared a 6% increase in its quarterly distribution, reflecting confidence in its sustained growth and profitability, as evidenced by ongoing asset sales and strategic investments.
More about Brookfield Infrastructure
Brookfield Infrastructure is a prominent global infrastructure company that manages and operates high-quality, long-term assets in the utilities, transport, midstream, and data sectors across the Americas, Asia Pacific, and Europe. The company focuses on assets that generate stable and predictable cash flows through contracted and regulated revenues. It offers access to its portfolio through Brookfield Infrastructure Partners L.P., a Bermuda-based limited partnership, and Brookfield Infrastructure Corporation, a Canadian corporation.
YTD Price Performance: 1.16%
Average Trading Volume: 469,679
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.32B
See more data about BIPC stock on TipRanks’ Stock Analysis page.