Brookfield Infrastructure Partners (BIP) has released an update.
Brookfield Infrastructure Partners L.P. reported a significant increase in their first quarter 2024 financial results, with net income soaring to $170 million compared to $23 million in the previous year, and funds from operations (FFO) climbing by 11% to $615 million. This positive performance reflects the impact of new investments worth over $2 billion, inflation indexation, and strong operational activity, despite higher interest costs from recent capital initiatives. Additionally, the company declared a 6% increased quarterly distribution of $0.405 per unit, indicating confidence in continued financial growth and shareholder value.
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