What to Expect From Brookfield Infrastructure Partners LP in 2018
This past year has been an excellent one for Brookfield Infrastructure Partners (NYSE: BIP). The company crushed the market's return, fueled in large part by a needle-moving acquisition, which when combined with other deals and organic expansions helped push cash flow per unit up nearly 15% through the third quarter. As a result, the company was able to boost its distribution to shareholders by 11% this year, which was above the top end of its 5% to 9% target range.
But while acquisition-fueled growth was the story last year, the company currently has more visibility on the organic growth side as it heads into 2018. Investors should thus expect those projects to drive growth next year -- though that probably means the company will grow at a slower rate, barring an unexpected needle-moving deal.
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Source: Fool.com
