Brookfield Infrastructure: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 10:18 AM ET
Last Updated - Jun 21, 2023, 11:25 PM EDT
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Brookfield Infrastructure Partners LP (BIP) on Wednesday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Hamilton, Bermuda, said it had funds from operations of $554 million, or 72 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 a loss of $25 million, or 7 cents per share.
