Brookfield Infrastructure Partners stays a Buy with strong cash flow and resilient assets despite macro challenges.

Brookfield Infrastructure Partners (BIP) maintains a Buy rating due to its strong Q1 AFFO growth to $596 million, strategic acquisitions, and portfolio recycling. The company targets a 12–15%+ internal rate of return (IRR) and over 10% growth in funds from operations per unit. Its balance sheet is strong, supported by long-term fixed-rate debt with no maturities in 2026, reducing interest rate risk. Preferred shares, baby bonds, and common shares offer attractive yields and tax options, with bonds and preferred shares rated Strong Buy due to discounts and high yields.