Brookfield Infrastructure: Q3 Earnings Snapshot
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Brookfield Infrastructure Partners LP (BIP) on Wednesday reported a key measure of profitability in its third quarter.
The real estate investment trust, based in Hamilton, Bermuda, said it had funds from operations of $560 million, or 73 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $23 million, or 3 cents per share.
The operator of utility, transportation and energy assets, based in Hamilton, Bermuda, posted revenue of $4.49 billion in the period.
The company's shares have fallen 27% since the beginning of the year. The stock has declined 38% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIP at https://www.zacks.com/ap/BIP
