No. of Recommendations: 3
Here's a Xpost from what I put at IV:

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?

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