Brookfield Infrastructure Partners (NYSE: BIP) is an incredible bargain these days. The global infrastructure operator trades at an extremely cheap value compared to the broader market and its corporate twin Brookfield Infrastructure Corporation (NYSE: BIPC). Because of that, it offers an attractive dividend yield and significant upside potential. Those features make it look like a great investment.

Brookfield Infrastructure is coming off another strong year. The company grew its funds from operations (FFO) by 12% per unit/share last year to $2.71. It expects FFO per unit/share to expand by at least 10% this year. That would put it around $3 per unit/share.

The corporate shares currently trade at around $44. That price point implies that Brookfield Infrastructure Corporation trades at about 14.7 times its forward earnings. That's cheap, considering the S&P 500's forward price-to-earnings (PE) ratio is 17.5.  

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Source Fool.com