Core Viewpoint - Brookfield Infrastructure is expected to outperform the market significantly in 2026, despite underperforming in the current year [1][14]. Financial Performance - The company is projected to generate $3.32 per share of funds from operations (FFO) this year, reflecting a more than 6% increase from last year, but below its target of over 10% annual growth [4]. - The anticipated acceleration in FFO growth is expected to move toward a historical track record of 14% annually, compared to the roughly 10% compound annual growth over the past five years [13]. Growth Catalysts - Strong organic growth drivers include inflation-linked rate increases in utility and transport segments, higher revenues in the midstream segment, and over $1.5 billion in new growth capital projects, including data centers [5]. - The company has a growing capital backlog, increasing from $2 billion in 2020 to $8 billion today, with significant projects including semiconductor fabrication plants and global data centers [9]. - Brookfield has secured $2.1 billion in new growth investments this year, with expectations for continued capital recycling, targeting at least $3 billion in sales this year and an additional $3 billion over the next 12 to 18 months [10][11]. Strategic Initiatives - The company is investing in AI infrastructure, identifying a $7 trillion investment opportunity, with plans to invest about $500 million annually in this area [12]. - Recent acquisitions include investments in Colonial Pipeline, Hotwire, and a partnership with GATX for railcar operating leases, totaling $1.3 billion [15].