Brookfield Asset Management: Growth Is Down As Expected, Will The Price Hold Up? [Seeking Alpha]
Brookfield Infrastructure Partners LP Limited Partnership Units (BIP)
Last brookfield infrastructure partners lp limited partnership units earnings: 2/10 06:44 am
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US:NYSE Investor Relations:
bip.brookfield.com/en
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Source: Seeking Alpha
Low management fees from daughter funds Brookfield Infrastructure Partners and Brookfield Renewable Partners were a major factor in the decline. BAM may struggle to hit its double-digit earnings growth target in 2024 and the stock is overvalued at a multiple of 31x fee-related earnings. Looking for a helping hand in the market? Members of High Yield Landlord get exclusive ideas and guidance to navigate any climate. Learn More » Dear readers, In early November, I published a controversial piece on Brookfield Asset Management NYSE: BAM ). I had been bullish on BAM and the stock represented one of my biggest positions, but when I learned that distributions from Brookfield's daughter funds (Brookfield Infrastructure Partners - BIP and Brookfield Renewable Partners - BEP ) may not be covered by cash FFO and especially that the management fees received from BIP and BEP are effectively tied to the market cap of those funds, I flipped bearish and issued a SELL rating at $30 per share
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News
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- Brookfield Infrastructure Partners L.P. (NYSE: BIP) had its price target lowered by analysts at Jefferies Financial Group Inc. from $37.00 to $34.00. They now have a "buy" rating on the stock.MarketBeat
- Brookfield Infrastructure Partners: Solid FFO Growth, 6% Yield, And Upside Potential [Seeking Alpha]Seeking Alpha
BIP
Earnings
- 11/1/23 - In-Line
BIP
Sec Filings
- 4/16/24 - Form F-3
- 4/5/24 - Form F-3ASR
- 4/5/24 - Form 6-K
- BIP's page on the SEC website