NYSE:BIP - Post Discussion
Post by
retiredcf on Jul 25, 2023 8:51am
RBC Notes
Brookfield Infrastructure
Outperform (US$47.00 one-year price target)
Second quarter FFO (release date: August 3)
For Q2/23, we forecast FFO/unit of US$0.73 versus US$0.67 in Q2/22. The projected year-over- year increase is predominantly driven by contributions from newly acquired assets (e.g., HomeServe in January 2023; stake in GD Towers in February 2023), higher results from the Rail business due to anticipated volumes and inflationary tariff increases, and organic growth from capital commissioned over the last 12 months. We expect these positive drivers to be partially offset by lost cash flow from the sales of its stakes in TraPac in June 2022, and Geelong Port in April 2023.
The FactSet mean FFO/unit estimate for Q2/23 is US$0.73 (eight estimates ranging from US$0.72 to US$0.73).
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