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Brookfield Infrastructure: Q2 Earnings Snapshot

August 3, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIP at https://www.zacks.com/ap/BIP