Scotia Upgrades Brookfield Infrastructure Partners (BIP) to Outperform
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Brookield Infrastructure Reports 2015 Year-End Results
February 3, 2016 6:49 AM ESTBROOKFIELD, NEWS -- (Marketwired) -- 02/03/16 -- Brookfield Infrastructure (NYSE: BIP)(TSX: BIP.UN) today announced our results for the year ended December 31, 2015.
Three Months Ended Year Ended ---------------------------------------- For the periods ended Dec. 31 US$ millions (except per unit amounts) 2015 2014 2015 2014 ---------------------------------------------------------------------------- FFO(1) $ 204 $ 180 $ 808 $ 724 - per unit(2) $ 0.89 $ 0.86 $ 3.59 $ 3.45 Net income $ 25 $ 67 $ 298 $ 184 - per unit(3) $ 0.04 $ 0.28 $ 1.04 $ 0.67 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------In 2015, Brookfield Infrastructure generated funds from operations ("FFO") totaling $808 million ($3.59 per unit), compared with $724 million ($3.45 per unit) in 2014. Results benefitted from the contribution of our newly acquired communications infrastructure assets, in addition to... More
