$100 U.S. banknotes in stacked bundles. photoman/iStock via Getty Images As my investment philosophy, I believe in picking quality businesses operating in industries with trends on their side. That is because, over the long run, such companies tend to deliver revenue and earnings growth. The global alternative asset management industry is one industry that appears…
Brookfield Business Partners L.P. (NYSE:BBU) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Alan Fleming – Head, IRAnuj Ranjan – CEOAdrian Letts – Managing PartnerJaspreet Dehl – CFO Conference Call Participants Gary Ho – Desjardins Capital MarketsDevin Dodge – BMO Capital MarketsGeoffrey Kwan – RBC Capital MarketsNik Priebe – CIBC…
PM Images Brookfield Infrastructure Partners L.P. (NYSE:BIP) is a promising passive income investment with an international profile, a diversified portfolio, resilient FFO and a low FFO payout ratio. The focus on owning and operating regulated infrastructure assets leads to long-term FFO visibility, and the company has delivered impressive distribution growth over the last decade. Brookfield…
JamesBrey Back on December 23, 2022, we purchased a large position in Brookfield Infrastructure Partners’ (NYSE:BIP)(NYSE:BIPC) preferred units (NYSE:BIP.PR.A) at a price of $16.63 per unit. However, we recently sold our position at $18.70 per unit, locking in a nice 22.1% total return (17.3% annualized) including distributions and in this article, we detail why. BIP/BIPC…
pidjoe There’s an old adage on Wall Street that says to take emotions out of investing. While that may make sense from a pure financial point of view, it’s hard to ignore the fact that nearly all human behavior is driven by emotions. That’s why I don’t necessarily subscribe that adage, with the understanding that…
thitivong In our last coverage of Brookfield Infrastructure Partners L.P. (BIP), (BIPC), we highlighted some interesting opportunities in the secondary securities. In the US, there are two preferred shares listed. Brookfield Infrastructure Partners L.P. 5.125 CL A PFD13 (NYSE:BIP.PR.A) and Brookfield Infrastructure Partners L.P. 5.00% PFD A 14 (NYSE:BIP.PR.B). The two preferreds were on a…
KE ZHUANG/E+ via Getty Images Brookfield Renewable Partners L.P. Limited Partnership Units (NYSE:BEP) offers a pure-play renewable energy exposure that is underpinned by a stable and predictable capital allocation strategy. The underlying strategy revolves around finding renewable energy projects, bringing them to operations (i.e., COD date) by the use of project finance, and then selling…
Mishella Introduction The listed partnerships for Brookfield Corporation (NYSE:BN) like BEP, BIP and BBU have declined in value from their 2021 levels but these interests are not the whole picture. Per my August article, Brookfield Corporation is undervalued. Since then, the full-year 2023 numbers have come out and there are some key positives. Brookfield Corporation…
Gregory Adams/Moment via Getty Images Brookfield Infrastructure Partners (NYSE:BIP)(NYSE:BIPC) is one of the global leaders when it comes to investing and operating different classes of infrastructure. The current market cap of BIP is ~ $15.6 billion, with the enterprise value landing at the $50 billion mark. Roughly 68% of the total FFO generation stems from…
Brookfield is headquartered in Canada ssuni Brookfield Corporation (NYSE:BN)(TSX:BN:CA) is considered one of the most “complex” financial companies in the world. It consists of a holding company, on top of several wholly-owned subsidiaries, and some partially owned subsidiaries, one of which operates the company’s funds. It’s a confusing structure that has led some to feel…
Daniel Bosma/Moment via Getty Images Brookfield Renewable Partners (NYSE:BEP) has done well since we last recommended it in October. The company’s total return since has almost doubled the S&P 500, perhaps giving the illusion that the opportunity to invest has passed. Despite that recent strength, the company is well-positioned in a growing market, making it…
Remanz/iStock Editorial via Getty Images Introduction Brookfield Corporation (BN) spun off shares of Brookfield Asset Management (NYSE:BAM) in December 2022. My thesis is that there is logic in holding onto BAM shares. The Numbers Looking back at the earnings call transcripts, it seems the BAM dividend has remained 32 cents per share per quarter or…
D-Keine Brookfield Infrastructure (NYSE:BIP) (NYSE:BIPC) is a high-quality global infrastructure-focused player. Its assets portfolio generates “contracted and regulated revenues,” providing holders with “predictable and stable cash flows.” It’s structured as an LP for holders choosing to invest in BIP or as a corporation for investors choosing to invest in BIPC. Brookfield Infrastructure is affiliated with…
pidjoe NextEra Energy Partners (NEP) and Brookfield Renewable Partners (BEP) are both players in the renewable energy sector that has witnessed substantial share price declines as the industry fell out of favor. Several key players in the industry have become heavily indebted and would need to refinance their debt at substantially higher amounts in the…
AscentXmedia On our last coverage of Brookfield Renewable Partners L.P. (NYSE:BEP)(NYSE:BEPC), we suggested that BEP was the superior choice relative to NextEra Energy Partners, LP (NEP) and investors would do well to look to it versus NEP in trying to seek yield. If you want to chase the 12-15% distribution growth dream, we really cannot…
AEvenson The discussion of the recent short report on Brookfield Infrastructure Partners (NYSE:BIP) has largely subsided and the price of BIP units has recovered. The drop and the subsequent rise in unit price should, however, mostly be attributed to the move in long-term treasury yields, as is evidenced by price movement for other yieldcos —…
Brookfield Renewable Corporation (NYSE:BEPC) Q3 2023 Results Conference Call November 3, 2023 8:30 AM ET Company Participants Connor Teskey – President, Brookfield Asset Management; CEO Renewable Power & Transition Jenny Li – Vice President Wyatt Hartley – Managing Partner, Renewable Power & Transition Conference Call Participants Sean Steuart – TD Securities Robert Hope – Scotiabank…
Brookfield Renewable Partners L.P. (NYSE:BEP) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET Company Participants Connor Teskey – Chief Executive Officer Jenny Li – Vice President Wyatt Hartley – Chief Financial Officer Conference Call Participants Sean Steuart – TD Securities Robert Hope – Scotiabank David Quezada – Raymond James Rupert Merer –…
SDI Productions/E+ via Getty Images Green energy once formed an incredibly sunny part of the stock market with an investment pitch that had everything required for long-term alpha generation. This ranged from unparalleled global government support to healthy underlying economics as utility-scale solar photovoltaics and onshore wind both came to form technologies with the lowest…
pidjoe Brookfield Renewable Partners L.P. (NYSE:BEP) has seen its share price drop more than 33% since its peak. The company’s dividend has increased to more than 6% as rising interest rates and competition in renewables has made the company’s once lower dividend rate much less attractive. As we’ll see throughout this article, the weakness doesn’t…
z1b It’s not hard to be a dividend seeker these days, as there is a wide-ranging menu of selections to choose from, whether it be REITs, consumer staples, MLPs, etc. It pays to be selective, however, and for those who are choosy, it’s hard to go wrong with an infrastructure stock that can deliver a…
D-Keine Investors in leading alternative asset manager Brookfield Asset Management Ltd. (BAM) have experienced a sharp upward reversal from its March 2023 lows, which initially saw BAM decline nearly 17% from its February 2023 highs before bottoming out. However, dip buyers returned with conviction, helping BAM to bottom out decisively, and it hasn’t looked back…
aimintang/iStock via Getty Images Introduction My thesis is that Brookfield Corporation (NYSE:BN) is undervalued. I also thought Brookfield was undervalued at the time of my February 2023 article, but back then the valuation work was more fragmented as the supplemental used an invested capital table that didn’t have a row for target carried interest. The…