Brookfield Infrastructure Q3 FFO rises 10% on data growth
BIP•Brookfield Infrastructure’s third-quarter FFO rose 10% year over year to $717 million, while net income fell to $69 million. The company invested $1.7 billion and secured $1.5 billion from asset sales, and expects to exceed its $2 billion asset-sales target for 2026.
1. FFO growth
Brookfield Infrastructure reported third-quarter FFO of $717 million, up 10% year over year, and FFO per share of $0.91. Net income was $69 million, down year over year because the prior-year period included higher gains from asset sales.
2. Data leads segments
FFO from the data segment rose 25%, driven by organic growth and new investments. Utilities, transport and midstream each delivered around 10% FFO growth, supported by inflation-linked pricing, higher volumes and recent acquisitions. The company also cited strong asset utilization and the commissioning of $1.4 billion in capital projects.
3. Investment and asset sales
The company deployed $1.7 billion in new investments and secured $1.5 billion from asset sales. It expects to exceed its $2 billion asset-sales target for 2026, expects more than $1 billion in incremental proceeds from asset sales before year-end, and targets average annual AI infrastructure investment of $500 million, net to BIP.
