Brookfield Infrastructure: Q2 Earnings Snapshot
HAMILTON, Bermuda (AP) _ Brookfield Infrastructure Partners LP (BIP) on Wednesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Hamilton, Bermuda, said it had funds from operations of $513 million, or 67 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $70 million, or 13 cents per share.
The operator of utility, transportation and energy assets, based in Hamilton, Bermuda, posted revenue of $3.68 billion in the period.
The company’s shares have declined roughly 2% since the beginning of the year. The stock has risen 10% in the last 12 months.