Brookfield Infrastructure Partners

BIP.UN-T

TSE:BIP.UN

52.88
2.58 (5.13%)
Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.
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Analysis and Opinions about BIP.UN-T

Signal
Opinion
Expert
COMMENT
COMMENT
October 16, 2017

Since this went public it has had something like a 20% compound total return. The whole Brookfield group is such a great well-run business. What they’ve been able to do, which no one else has been able to do, is to have a long-term plan and strike when the iron is hot and acquire distressed assets. Recently did a big equity deal, and assumes they have a lot of deals they are working on. Dividend yield of 4.3%.

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Since this went public it has had something like a 20% compound total return. The whole Brookfield group is such a great well-run business. What they’ve been able to do, which no one else has been able to do, is to have a long-term plan and strike when the iron is hot and acquire distressed assets. Recently did a big equity deal, and assumes they have a lot of deals they are working on. Dividend yield of 4.3%.

COMMENT
COMMENT
October 11, 2017

Inter Pipeline (IPL-T) or Brookfield Infrastructure Partners (BIP.UN-T)? She would encourage Canadians to look outside of Canada, so Brookfield Infrastructure would probably offer more opportunities. Also, there is not as much exposure to crude oil prices as Inter Pipeline would have.

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Inter Pipeline (IPL-T) or Brookfield Infrastructure Partners (BIP.UN-T)? She would encourage Canadians to look outside of Canada, so Brookfield Infrastructure would probably offer more opportunities. Also, there is not as much exposure to crude oil prices as Inter Pipeline would have.

PAST TOP PICK
PAST TOP PICK
September 19, 2017

(A Top Pick Sept 21/16. Up 28%.) Just did an equity issue because of a huge backlog of projects, about $2.5 billion. If he had to pick one stock to own over the next number of years, it would be this. They increased their dividend over 10% for the last 8 years, and expects they will continue to do that. The #1 infrastructure stock globally. Dividend yield of 4.1%.

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(A Top Pick Sept 21/16. Up 28%.) Just did an equity issue because of a huge backlog of projects, about $2.5 billion. If he had to pick one stock to own over the next number of years, it would be this. They increased their dividend over 10% for the last 8 years, and expects they will continue to do that. The #1 infrastructure stock globally. Dividend yield of 4.1%.

COMMENT
COMMENT
September 13, 2017

There has been a bit of a pullback. The rationale for a pullback is hard to determine. It might be that people are thinking some of their projects are going to be pushed a little further out. He wouldn’t be concerned about the pullback. If playing this for the dividend, infrastructure is a good place to be. On a macro level, he prefers the more diversified asset management company. Dividend yield of about 5%.

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There has been a bit of a pullback. The rationale for a pullback is hard to determine. It might be that people are thinking some of their projects are going to be pushed a little further out. He wouldn’t be concerned about the pullback. If playing this for the dividend, infrastructure is a good place to be. On a macro level, he prefers the more diversified asset management company. Dividend yield of about 5%.

COMMENT
COMMENT
August 2, 2017

Doesn’t follow this company to closely, but does like the infrastructure space. It’s a good way to diversify your assets on the equity side, and you are still getting a real asset focus. Has no issue with this.

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Doesn’t follow this company to closely, but does like the infrastructure space. It’s a good way to diversify your assets on the equity side, and you are still getting a real asset focus. Has no issue with this.

TOP PICK
TOP PICK
July 19, 2017

Infrastructure is the buzzword of every western government on the planet. What happens when they financed new infrastructure, they have to sell something. Nobody has a budget for new infrastructure. That is when this company comes in. They are capable of joint venturing with someone and can buy fairly chunky assets. Dividend yield of 4.7%. (Analysts’ price target is $42.)

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Infrastructure is the buzzword of every western government on the planet. What happens when they financed new infrastructure, they have to sell something. Nobody has a budget for new infrastructure. That is when this company comes in. They are capable of joint venturing with someone and can buy fairly chunky assets. Dividend yield of 4.7%. (Analysts’ price target is $42.)

BUY
BUY
June 19, 2017

[For a long term hold]. It is a fantastic long term hold. Their fund managers are some of the smartest guys in the business. It gives you exposure to a variety of infrastructure assets. You get a nice 4% dividend yield. He owns it through BAM.A-T because it is his preferred way to play it.

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[For a long term hold]. It is a fantastic long term hold. Their fund managers are some of the smartest guys in the business. It gives you exposure to a variety of infrastructure assets. You get a nice 4% dividend yield. He owns it through BAM.A-T because it is his preferred way to play it.

BUY
BUY
June 16, 2017

Has a very strong pipeline and sees it growing at 28% over the next couple of years. Trading below its five-year average. Has a 62% PR. They tend to bump their distribution 5%-10% every year. Good balance sheet. The only thing wrong is that it is still pretty expensive. It doesn’t give too much opportunity to Buy, so trying to buy on a pullback is pretty tough. Just hold your nose and buy it.

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Has a very strong pipeline and sees it growing at 28% over the next couple of years. Trading below its five-year average. Has a 62% PR. They tend to bump their distribution 5%-10% every year. Good balance sheet. The only thing wrong is that it is still pretty expensive. It doesn’t give too much opportunity to Buy, so trying to buy on a pullback is pretty tough. Just hold your nose and buy it.

WATCH
WATCH
June 15, 2017

That whole group has done very well and she would expect it to continue. She is watching the parent company with the idea of entering.

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That whole group has done very well and she would expect it to continue. She is watching the parent company with the idea of entering.

COMMENT
COMMENT
June 13, 2017

Brookfield Asset Management (BAM.A-T) or Brookfield Infrastructure Partners (BIP.UN-T)? He would always choose the parent, because the income flows up.

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Brookfield Asset Management (BAM.A-T) or Brookfield Infrastructure Partners (BIP.UN-T)? He would always choose the parent, because the income flows up.

COMMENT
COMMENT
May 23, 2017

Brookfield Infrastructure (BIP.UN-T) or Bank of Nova Scotia (BNS-T) for better growth? Financials is a group that he has been in favour of for some time, but prefers US to Canadian. If he had to buy one of these 2, he would probably buy this one. It is an interesting collection of assets, but might underperform global markets because of being a more defensive play. As a yield play, it is kind of attractive.

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Brookfield Infrastructure (BIP.UN-T) or Bank of Nova Scotia (BNS-T) for better growth? Financials is a group that he has been in favour of for some time, but prefers US to Canadian. If he had to buy one of these 2, he would probably buy this one. It is an interesting collection of assets, but might underperform global markets because of being a more defensive play. As a yield play, it is kind of attractive.

PAST TOP PICK
PAST TOP PICK
April 21, 2017

(A Top Pick May 4/16. Up 53%.) He liked this for their solid pipeline of growth, and still models a 20% EPS growth over the next couple of years. Just bumped their distribution by 11%. 67% payout ratio, so the dividend is good. It has reached his target price, so he would not be adding to it.

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(A Top Pick May 4/16. Up 53%.) He liked this for their solid pipeline of growth, and still models a 20% EPS growth over the next couple of years. Just bumped their distribution by 11%. 67% payout ratio, so the dividend is good. It has reached his target price, so he would not be adding to it.

COMMENT
COMMENT
April 19, 2017

This is one where you have to trust management. They have done a great job and will continue to do so. Focused heavily on real estate. If interest rates flatten out, the appreciation of real estate probably finally comes to an end, especially in commercial real estate. Probably a decent investment. You get nice dividends and it will gradually grow.

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This is one where you have to trust management. They have done a great job and will continue to do so. Focused heavily on real estate. If interest rates flatten out, the appreciation of real estate probably finally comes to an end, especially in commercial real estate. Probably a decent investment. You get nice dividends and it will gradually grow.

COMMENT
COMMENT
April 12, 2017

Brookfield Asset (BAM.A-T) or Brookfield Infrastructure (BIP.UN-T)? Between the 2, her preference would be Brookfield Asset Management. It is much more diversified, plus it has interest in Brookfield Infrastructure. It gives you access to their fund management side, the private equity funds. It is also where senior management executives own their shares. Dividend yield of 4.5%.

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Brookfield Asset (BAM.A-T) or Brookfield Infrastructure (BIP.UN-T)? Between the 2, her preference would be Brookfield Asset Management. It is much more diversified, plus it has interest in Brookfield Infrastructure. It gives you access to their fund management side, the private equity funds. It is also where senior management executives own their shares. Dividend yield of 4.5%.

COMMENT
COMMENT
April 12, 2017

This is a big weight in his fund. It has a great dividend yield. Management has done a fantastic job of investing assets, buying infrastructure assets around the world, and also trimming its portfolio when it is prudent to do so. There are loads of opportunities open to them. Because they are so well respected at what they do, they are finding that they can take on bigger and bigger projects, be the manager of them and find that sovereign wealth funds are actually joining them in these projects.

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This is a big weight in his fund. It has a great dividend yield. Management has done a fantastic job of investing assets, buying infrastructure assets around the world, and also trimming its portfolio when it is prudent to do so. There are loads of opportunities open to them. Because they are so well respected at what they do, they are finding that they can take on bigger and bigger projects, be the manager of them and find that sovereign wealth funds are actually joining them in these projects.

BUY
BUY
March 31, 2017

WSP-T vs. BIP.UN-T. He would buy BIP.UN-T today. They have a track of record making good acquisitions. The underlying business of WSP-T is not going to generate business that is as stable. You will have mid-single digit dividend growth with BIP.UN-T.

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WSP-T vs. BIP.UN-T. He would buy BIP.UN-T today. They have a track of record making good acquisitions. The underlying business of WSP-T is not going to generate business that is as stable. You will have mid-single digit dividend growth with BIP.UN-T.

Andy Nasr

Unlock Ratings

Price
$51.440
Owned
Unknown
TOP PICK
TOP PICK
March 30, 2017

Near an all time high. She likes it because it can do well in both environments. We are getting late stages in the cycle. They can do well in poor economic times or good. They can monetize their assets. They will continue to do well no matter what the environment. (Analysts' target: $38.50).

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Near an all time high. She likes it because it can do well in both environments. We are getting late stages in the cycle. They can do well in poor economic times or good. They can monetize their assets. They will continue to do well no matter what the environment. (Analysts' target: $38.50).

PAST TOP PICK
PAST TOP PICK
March 15, 2017

(A Top Pick April 20/16. Up 45%.) He still likes this and still believes in the strategy and owns a good amount of it.

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(A Top Pick April 20/16. Up 45%.) He still likes this and still believes in the strategy and owns a good amount of it.

COMMENT
COMMENT
January 18, 2017

A great company. He models 25% AFFO growth this year and next. They are on 4 different continents and have a record backlog. Trading at 14.9X versus its 3-year average of around 16.3X. You could buy this now, but it is a bit of a yield proxy.

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A great company. He models 25% AFFO growth this year and next. They are on 4 different continents and have a record backlog. Trading at 14.9X versus its 3-year average of around 16.3X. You could buy this now, but it is a bit of a yield proxy.

COMMENT
COMMENT
January 11, 2017

Part of the broader Brookfield family publicly traded entities. He has great respect for management. Big infrastructure, a secular growth area. We will see funds directed to this area from both Canada and the US. Feels there is better exposure through the parent, Brookfield Asset Management (BAM.A-T).

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Part of the broader Brookfield family publicly traded entities. He has great respect for management. Big infrastructure, a secular growth area. We will see funds directed to this area from both Canada and the US. Feels there is better exposure through the parent, Brookfield Asset Management (BAM.A-T).

COMMENT
COMMENT
December 21, 2016

He doesn’t own any infrastructure stocks right now, but this one is a very good one. We are going to get some fiscal policy follow through from some of the governments, which has been a way overdue. Expects there will be some spending starting to take place in the US.

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He doesn’t own any infrastructure stocks right now, but this one is a very good one. We are going to get some fiscal policy follow through from some of the governments, which has been a way overdue. Expects there will be some spending starting to take place in the US.

WAIT
WAIT
December 21, 2016

SNC-Lavalin (SNC-T) or Brookfield Infrastructure (BIP.UN-T)?Infrastructure stocks have been particularly strong lately, and a lot of that has come post the Trump victory and expectations that there is going to be more spending, etc. Things have gone up a little too fast, so he would be a little wary of stepping into these at this point in time. He prefers Aecon (ARE-T) whose valuation seems to be a little better in terms of what he can expect to earn over the next few years.

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SNC-Lavalin (SNC-T) or Brookfield Infrastructure (BIP.UN-T)?Infrastructure stocks have been particularly strong lately, and a lot of that has come post the Trump victory and expectations that there is going to be more spending, etc. Things have gone up a little too fast, so he would be a little wary of stepping into these at this point in time. He prefers Aecon (ARE-T) whose valuation seems to be a little better in terms of what he can expect to earn over the next few years.

PAST TOP PICK
PAST TOP PICK
December 20, 2016

(A Top Pick Jan 28/16. Up 43%.) They’ve been very active in 2016. Have been buying toll roads, cell towers, as well as cell towers in Brazil. There was an 11% distribution increase in 2016, and probably should expect more in 2017. Pretty much the only infrastructure company you can buy in Canada, with such diversified assets. Not cheap, but there is a moat around that kind of business. The scarcity value of the assets make it attractive. He would look to buy this on pullbacks.

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(A Top Pick Jan 28/16. Up 43%.) They’ve been very active in 2016. Have been buying toll roads, cell towers, as well as cell towers in Brazil. There was an 11% distribution increase in 2016, and probably should expect more in 2017. Pretty much the only infrastructure company you can buy in Canada, with such diversified assets. Not cheap, but there is a moat around that kind of business. The scarcity value of the assets make it attractive. He would look to buy this on pullbacks.

BUY
BUY
December 5, 2016

They are very good at what they do. They put a lot of money to work in Brazil because they found bargains there. The stock is not as cheap as it was, but they can sustain AFFO.

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They are very good at what they do. They put a lot of money to work in Brazil because they found bargains there. The stock is not as cheap as it was, but they can sustain AFFO.

COMMENT
COMMENT
December 2, 2016

A good company, and in a good space. Pays a dividend. Doesn’t think you have anything to worry about.

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A good company, and in a good space. Pays a dividend. Doesn’t think you have anything to worry about.

COMMENT
COMMENT
November 28, 2016

Just announced a $750 million equity offering, that is $1 below market price. Normally a new offering can seem to be dilutive, and you see a drop. That may be seen as a very early sign that they are able to raise such a large equity offering. A good infrastructure stock and an area you want to be in.

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Just announced a $750 million equity offering, that is $1 below market price. Normally a new offering can seem to be dilutive, and you see a drop. That may be seen as a very early sign that they are able to raise such a large equity offering. A good infrastructure stock and an area you want to be in.

COMMENT
COMMENT
November 23, 2016

He was debating making this a Top Pick. A name he really likes because it is very globally diversified. Prior to the election outcome, he really liked the infrastructure sector as he felt that more and more institutions would be allocating capital to the infrastructure sector globally. This is a good way for investors to participate in infrastructure. Very stable yield with very good potential for mid-single digit cash flow and dividend growth.

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He was debating making this a Top Pick. A name he really likes because it is very globally diversified. Prior to the election outcome, he really liked the infrastructure sector as he felt that more and more institutions would be allocating capital to the infrastructure sector globally. This is a good way for investors to participate in infrastructure. Very stable yield with very good potential for mid-single digit cash flow and dividend growth.

HOLD
HOLD
November 17, 2016

It has come down due to bond yields. He thinks it is a knee jerk reaction. It has exposure to Brazil who have been in the dog house for a couple of years. There is some risk there, but seems to be under a new political regime. He thinks the company is safe. 4.8% dividend yield.

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It has come down due to bond yields. He thinks it is a knee jerk reaction. It has exposure to Brazil who have been in the dog house for a couple of years. There is some risk there, but seems to be under a new political regime. He thinks the company is safe. 4.8% dividend yield.

WAIT
WAIT
November 10, 2016

This has had a great run. It is a nice, diversifying investment in terms of what they own. They do international infrastructure, so we are talking of almost pension-like fund toll roads in Brazil, hydroelectric projects globally. It has had a pretty good run, so he would wait to see interest rates, where there could be a pullback in all these types of names.

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This has had a great run. It is a nice, diversifying investment in terms of what they own. They do international infrastructure, so we are talking of almost pension-like fund toll roads in Brazil, hydroelectric projects globally. It has had a pretty good run, so he would wait to see interest rates, where there could be a pullback in all these types of names.

BUY
BUY
November 3, 2016

This has gone straight up and has really had no dips. Every year they raise the distribution. Currently it is trading at a premium valuation. It is the only infrastructure play that you can buy in Canada that gets you similar assets like a Teachers pension plan, etc. They have pricing power, so every year they raise the prices to their customers. They are very smart in using their balance sheet. If a long-term investor, this would be a core holding in your portfolio.

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This has gone straight up and has really had no dips. Every year they raise the distribution. Currently it is trading at a premium valuation. It is the only infrastructure play that you can buy in Canada that gets you similar assets like a Teachers pension plan, etc. They have pricing power, so every year they raise the prices to their customers. They are very smart in using their balance sheet. If a long-term investor, this would be a core holding in your portfolio.

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