UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: hsmith1415 Big red star, 1000 posts Old School Fool Global Fool Most Active, Foolanthropy 2013 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 207  
Subject: BIP Q3 report Date: 11/4/2011 9:56 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
Here's a Xpost from what I put at IV:

http://finance.yahoo.com/news/Brookfield-Infrastructure-iw-3.........

Brookfield Infrastructure posted strong results for the third quarter of 2011, with funds from operations ("FFO")(1) totalling $97 million ($0.62 per unit) compared to FFO of $55 million ($0.52 per unit) in the third quarter of 2010. The 19% increase in FFO per unit was largely attributable to the merger with Prime Infrastructure (Prime) during the fourth quarter of 2010. Results also reflect a significant increase in FFO from Brookfield Infrastructure's utilities segment. Overall, after deducting maintenance capital expenditures, Brookfield Infrastructure generated an adjusted funds from operations ("AFFO") yield(3) of 10% for the quarter.

"Our solid results reflect the high quality of our cash flows and the stability of our operations," said Sam Pollock, Chief Executive Officer of Brookfield's Infrastructure Group. "With 80% of our cash flows supported by regulatory and contractual frameworks, our business has continued to perform well, despite the economic headwinds we are experiencing in the global economy. Following our recent equity offering, we have over $700 million of corporate liquidity. We are well positioned to grow our business both organically and through acquisitions that capitalize on the opportunities that could materialize in this market."...

The Board of Directors has declared the Partnership's quarterly distribution in the amount of US$0.35 per unit, payable on December 30, 2011 to unitholders of record as at the close of business on November 30, 2011. During the third quarter, Brookfield Infrastructure's distribution implied a payout ratio(5) of 56% of FFO. Brookfield Infrastructure's policy is to target a sustainable distribution in the range of 60-70% of FFO...


Wow. Great report. And growth in Chile and Australia continues. Solid, all around. Maybe a 10% bump in payout next quarter?

Howard
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement