Here's Why Brookfield Infrastructure Partners Tumbled Nearly 13% in the 1st Half of 2024

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 ...