All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, NEWS, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) ("Brookfield Renewable Partners", "BEP") today reported financial results for the three and six months ended June 30, 2024. "We had another strong quarter, building on our momentum to start to the year with operating results and growth initiatives that position us to deliver our target 10%+ FFO per unit growth target for 2024. We were successf ...

Core Insights - Brookfield Infrastructure Partners reported strong second-quarter results driven by organic growth and capital deployment opportunities in sectors such as data, electric utility, and natural gas due to increased AI adoption [2][3] Financial Performance - Net income for the second quarter of 2024 was $8 million, a significant decrease from $378 million in the same period last year, impacted by increased borrowing costs and prior gains from capital recycling [3][4] - Funds from operations (FFO) for the second quarter reached $608 million, a 10% increase from $552 million in the prior year, supported by organic growth and recent acquisitions [3][4] - FFO per unit for the second quarter was $0.77, compared to $0.72 in the same period last year [32] Segment Performance - Utilities segment generated FFO of $180 million, down from $224 million year-over-year, primarily due to capital recycling activities [4] - Transport segment saw a 60% increase in FFO to $319 million, driven by acquisitions and organic growth [5] - Midstream segment reported FFO of $143 million, slightly ahead of the previous year, benefiting from strong demand in North American gas storage [6] - Data segment's FFO increased by 8% to $78 million, reflecting contributions from recent acquisitions [7] Strategic Initiatives - The company completed seven follow-on acquisitions in 2024, totaling nearly $4 billion in enterprise value, including data center sites and stakes in Brazilian logistics operations [8][9] - The organic growth project backlog increased by 15% to $7.7 billion, with significant investments planned in midstream and data sectors [9] - The company anticipates an active second half of 2024 for M&A activities, driven by favorable market conditions and industry trends such as AI [10] Capital Recycling - Brookfield Infrastructure is actively pursuing capital recycling, with expectations to generate approximately $2.5 billion from asset sales in the coming quarters [11] - The company has already monetized assets totaling $210 million this quarter, bringing the total for the year to $1.4 billion [11] Distribution and Dividend - The Board declared a quarterly distribution of $0.405 per unit, representing a 6% increase compared to the prior year, payable on September 27, 2024 [12][13]

Registration and Webcast Link: https://event.webcasts.com/starthere.jsp?ei=1679826&tp_key=81d55f2978 Brookfield Real Assets Income Fund Inc is managed by Brookfield Public Securities Group LLC (PSG). The Fund uses its website as a channel of distribution of material information about the Fund. Financial and other material information regarding the Fund is routinely posted on and accessible at https://www.brookfieldoaktree.com/fund/brookfield-real-assets-income-fund-inc A fund's investment objectives, risks, ...

Edwin Tan /E+ via Getty Images Dear readers, Sum of parts valuation Let's revisit the valuation to see how things have changed. As of today, BN's stake in BAM, BEP, BIP, and BBU is worth $69 Billion. David Ksir, BN annual report BN IR So, between the publicly traded assets, real estate, and insurance, I estimate that the company holds roughly $93 Billion in assets. Subtracting net debt of $10.5 Billion and unrealized carried interest of $5.6 billion yields a fair value of BN of $77 Billion, which equals the ...

tifonimages BEP got back into the acquisition game, making a bid for Neoen. NEOEN Presentation Without getting into the political mud-slinging area, we can just report the facts. The odds of a Trump win have increased materially over the last few weeks, and this is playing on the renewable energy theme. We don't believe this should impact a company like BEP materially. Yes, North America is a big piece of the current pie for BEP. 61% of its cash flows come from this region. But BEP's global reach and opport ...

Management received the following proxies from holders of class A shares in regard to the election of the five directors nominated for election by this shareholder class: Shareholders also approved bye-law amendments designed to simplify and enhance our capital structure, including a re-designation of our class A-1 exchangeable non-voting shares into class A shares of our company and related changes to the terms of the class A shares that will result in no shareholder having the power to vote more than 9.9% ...

z1b In this article, I discuss why the pullback in price presents a great opportunity for income investors who have been sitting on the sidelines waiting for a better valuation, so let's get started! Too Cheap To Ignore, Buy The Dip Weighted to developed markets and the lowest-cost renewable technologies Brookfield Investor Presentation Investor Presentation I find BEP to be attractive after the recent dip in price to $24.06, pushing the distribution yield back up to 5.9%. The distribution is covered by a 7 ...

Brookfield Renewable BROOKFIELD, NEWS, July 17, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) ("Brookfield Renewable") today announced that after having taken into account all election notices received by the July 16, 2024 deadline for conversion of Brookfield Renewable Power Preferred Equity Inc.'s ("BRP Equity") currently outstanding Class A Preference Shares, Series 3 (the "Series 3 Shares") (TSX: BRF.PR.C) into Class A Preference Shares, Series 4 (the "Series 4 Sha ...

BROOKFIELD, NEWS, July 15, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC))) ("Brookfield Renewable") today announced that it has agreed to issue C$400 million aggregate principal amount of medium-term notes (the "Notes"), comprised of C$100 million aggregate principal amount of Series 17 Notes (the "Series 17 Notes"), due January 10, 2054, with an effective interest rate1 of 5.417% and C$300 million aggregate principal amount of Series 18 Notes (the "Series 18 Notes"), due Oct ...

A couple of factors seem to have weighed on the infrastructure giant. Brookfield is off to a strong start in 2024 That was certainly the case in the first quarter. The company's FFO rose 11%, fueled by 7% organic growth and the strong contributions from the more than $2 billion of new investments it has made over the past year. Another likely factor weighing on Brookfield Infrastructure is that interest rates remain high. That increases the company's borrowing costs. Higher rates also tend to weigh on the v ...