https://seekingalpha.com/article/4590247-brookfiel...

From the article summary:

"Summary
Brookfield Infrastructure Partners is trading at relatively low valuations but it does not make it a buy.
BIP's further growth is squeezed by growing incentive distributions and higher interest rates.
BIP is unlikely to increase its distributions by more than 6%.
On an absolute basis, BIP is not cheap for its growth rates and leverage, while BIPC is outrageously expensive."

The article also has some interesting insights on how much of the distributions are going to the parent company (BN), as that factors into the authors analysis as well.

"Since the current quarterly distribution is much higher than $0.1320 (it is $0.3825), a lot of money is going to BAM in addition to 1.25% of enterprise value in management fees (the enterprise value is calculated using only corporate debt). Importantly, incentive distributions are growing much faster than common distributions."


Sam

Brookfield Corporation FAQ

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