Brookfield Infrastructure (BIP) has released an update.
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Brookfield Infrastructure reported a net loss of $52 million for Q3 2024, primarily due to mark-to-market losses, despite achieving a $2 billion capital recycling target. The company’s funds from operations increased by 7%, driven by strong contributions from new investments and organic growth, although offset by higher borrowing costs and foreign exchange impacts. The firm continues to expand its investment pipeline, benefiting from recent acquisitions and the growth in AI-related sectors.
For further insights into BIP stock, check out TipRanks’ Stock Analysis page.
