Brookfield Infrastructure: Attractive Buy After 25% Drop, Offers 5.2% Yield
Brookfield Infrastructure Partners' units have dropped around 25% from their 2022 peak, making them an attractive buy due to lower debt costs and falling interest rates. The company, backed by Brookfield Asset Management, offers investors a distribution yield of about 5.2%, significantly higher than the S&P 500's yield.
Brookfield Infrastructure Partners and its corporate share class, Brookfield Infrastructure Corporation, invest in various infrastructure sectors worldwide. These include utility, transportation, energy, and technology, providing diversified exposure to fee-generating infrastructure. This diversification is reflected in their distributions, which have grown at an annualized pace of 9% since 2009, assuming current levels are maintained.
Brookfield Infrastructure Partners is primarily backed by Brookfield Corporation, a large Canadian multinational alternative investment management company. It operates as a major part of Brookfield Corporation's infrastructure investments, with no other specific co-investors explicitly named. Despite this, the company's strong performance and attractive yields have drawn many investors.
Brookfield Infrastructure Partners' units, trading at a discount, offer a potential buying opportunity. With a high distribution yield, strong growth, and backing from a major investment management company, it presents an attractive option for income-oriented investors seeking diversification and growth.
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