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Brookfield Infrastructure Partners would be a logical candidate to lead this list for many reasons. The company manages $91 billion in infrastructure assets. The vast majority (95%) of its revenue stems from long-term contracts or government-regulated rates. That’s the kind of predictability that analysts love.
And despite the pandemic, the company has posted a very respectable return of nearly 10% in the last 12 months. In fact, the BIP stock return is over 100% since the pandemic sell-off in March 2020.
But specific to a potential Biden infrastructure plan, Brookfield just announced the public issuance of 8 million Class A Preferred Limited Partnership Units that raised gross proceeds of $200 million. The company plans to use that money to finance and/or refinance what the company refers to as “Eligible Green Projects.” This puts the company in the position to be a king maker for the many companies that are looking to have a place at the table.
2021 distributions increased by 5% - 12th consecutive annual increase
/EIN News/ BROOKFIELD, NEWS, Feb. 03, 2021 (GLOBE NEWSWIRE) Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced its results for the fourth quarter ended December 31, 2020.
“2020 provided a unique backdrop to showcase the resilience and strength of our business,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. “We were also able to invest in high quality assets that were immediately accretive to our results. We are beginning 2021 with a robust liquidity position which will allow us to pursue attractive opportunities and convert them into meaningful investments.”
December 31,
Brookfield reported net income for the year of $394 million ($0.35 per unit) compared to $233 million ($0.06 per unit) in the prior year. Net income for the year benefited from organic growth across our regulated and contracted operations, contributions from recently completed acqu
Brookfield Renewable Partners L.P. (“Brookfield Renewable”) (NYSE: BEP; TSX: BEP.UN) today announced that it has determined the fixed distribution rate on its
Brookfield Infrastructure Announces Results of Reclassification of its Series 3 Preferred Units GlobeNewswire
2020-12-18
BROOKFIELD, NEWS, Dec. 18, 2020 (GLOBE NEWSWIRE) Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced that after having taken into account all election notices received by the December 16, 2020 deadline for the reclassification of its Cumulative Class A Preferred Limited Partnership Units, Series 3 (the “Series 3 Unitsâ€