Is Brookfield Infrastructure Partners Stock a Buy?

With a distribution yield of 5.3%, Brookfield Infrastructure Partners (NYSE: BIP) has held up well in the face of COVID-19. While units fell as much as 50% from their early-year peak at one point, they are now off by only around 20%. The actual underlying business, meanwhile, hasn't skipped a beat. In fact, management seems to think opportunities for growth are on the horizon.

Brookfield Infrastructure Partners is a master limited partnership controlled by Canadian infrastructure specialist Brookfield Asset Management (NYSE: BAM). The company has over 100 years of experience investing in physical assets around the world. In addition to that expertise, highly supportive parent Brookfield Asset Management provides Brookfield Infrastructure Partners access to funding to get deals done that might otherwise be out of reach. This isn't the only partnership that Brookfield Asset Management oversees, but all-in the relationship has been a net benefit to unitholders.

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Source Fool.com