Group 1 - The S&P 500 has experienced approximately 23% returns for two consecutive years, indicating a potential correction phase [1] Group 2 - Roberts Berzins has over a decade of experience in financial management, focusing on corporate financial strategies and large-scale financings [2] - Berzins has contributed to the institutionalization of the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [2] - His work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2]

Group 1: Market Overview - Stock market sell-offs present opportunities for dividend investors as falling stock prices lead to rising dividend yields [1] - Realty Income and Brookfield Infrastructure have both experienced significant declines, with Realty Income down over 12% and Brookfield Infrastructure down more than 21% from their 52-week highs [2][8] Group 2: Realty Income - Realty Income's stock price decline has increased its dividend yield to an attractive 5.7% [3] - The REIT generated $4.19 per share of adjusted funds from operations (FFO) last year, trading at approximately 13.5 times its FFO, which is considered low compared to peers [4] - Realty Income has a strong dividend history, having increased its payment 130 times over three decades, with a compound annual growth rate of 4.3% [5] - The company has a robust financial profile, evidenced by its high credit ratings, allowing access to low-cost capital for investments [6] - Realty Income has a significant growth opportunity with a total addressable market of $5.4 trillion in the U.S. and $8.5 trillion in Europe [7] Group 3: Brookfield Infrastructure - Brookfield Infrastructure's stock price drop has raised its dividend yield to 4.9% [8] - The company has consistently increased its dividend for 16 years, with a compound annual growth rate of 9% [8] - Brookfield anticipates a need for $100 trillion in global infrastructure investment over the next 15 years, providing ample growth opportunities [9] - The company has $8 billion in expansion projects underway and an additional $4 billion in development [9] - Growth drivers include inflation-driven rate increases, volume growth, and accretive acquisitions, with expectations of over 10% annual growth in FFO per share [10] - Brookfield trades at a valuation of just over 11 times FFO, which is low compared to the S&P 500's more than 20 times earnings [11][12] Group 4: Investment Outlook - The sell-offs in Realty Income and Brookfield Infrastructure have created attractive investment opportunities due to lower valuations and higher dividend yields [13] - Both companies are well-positioned for continued dividend growth, which could lead to strong total returns over the long term [13]

Group 1 - The S&P 500 has entered correction territory, with a recent drop leading to a slight increase in dividend yield from 1.2% to 1.3% [2] - The focus of iREIT+HOYA Capital is on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] Group 2 - The article emphasizes the importance of performing due diligence and drawing independent conclusions before making investment decisions [4][5]

Market Overview - The stock market has experienced volatility at the start of the year, with the Nasdaq Composite down 8% year to date [1] Company Resilience - Companies like Enterprise Products Partners, Enbridge, and Brookfield Infrastructure are highlighted for their ability to maintain safe and secure dividends during market uncertainty [2] Enterprise Products Partners - Enterprise Products Partners operates in the midstream energy sector, focusing on pipelines and energy infrastructure, which allows it to charge fees independent of energy prices [3][4] - The company has a 26-year history of increasing annual distributions, showcasing its stability despite market volatility [5] - Enterprise has an investment-grade balance sheet, with a distribution coverage ratio of 1.7x from its distributable cash flow, indicating conservative financial management [6][7] Enbridge - Enbridge has paid dividends for over 70 years, increasing its payout for the last 30 years, demonstrating resilience in the energy sector [8] - Approximately 98% of Enbridge's income comes from stable, contracted assets, providing predictability in earnings [9] - The company maintains a conservative dividend payout ratio of 60% to 70%, allowing for significant cash retention for expansion projects [10] - Enbridge has a multibillion-dollar backlog of secured capital projects expected to grow cash flow per share by around 3% annually through next year and 5% post-2026 [11] Brookfield Infrastructure - Brookfield Infrastructure operates resilient, contract-based businesses, including utilities and energy pipelines, distinguishing it from typical infrastructure stocks [12] - The company has paid dividends every year since its formation in 2008, with a compound annual growth rate (CAGR) of 9% in dividend per share from 2009 to 2025 [13][14] - Brookfield Infrastructure targets 5% to 9% annual dividend growth over the long term, supported by predictable cash flows and a strategy of reinvesting proceeds from asset sales [15]

Core Viewpoint - Brookfield Infrastructure is positioned to capitalize on three significant global megatrends: decarbonization, deglobalization, and digitalization, which are expected to drive substantial infrastructure investment needs of $100 trillion over the next 15 years [2] Group 1: Growth Drivers - The company anticipates a 6% to 9% annual growth in funds from operations (FFO) per share, driven by organic growth initiatives [3] - Brookfield has a backlog of $8 billion in capital projects, including data centers, semiconductor facilities, and transportation expansions, along with an additional $4 billion in projects under development [3][4] - The CEO indicated a robust pipeline of early-stage capital deployment opportunities, suggesting potential for over 10% annual FFO per share growth in the coming years [4] Group 2: Income Stream - Brookfield Infrastructure offers a high-yielding dividend currently exceeding 4%, significantly above the S&P 500 average of around 1.2% [5] - The company has a strong track record of increasing its dividend for 16 consecutive years, with a compound annual growth rate of 9%, and aims for a future increase of 5% to 9% annually [6] Group 3: Valuation - Brookfield's FFO per share was $3.12 last year, with its stock trading at approximately 13.5 times FFO, which is low compared to the S&P 500's nearly 26 times and Nasdaq-100's over 34 times earnings [7][8] - The low valuation contributes to the high dividend yield, indicating potential for valuation expansion [8] Group 4: Additional Growth Factors - The company's infrastructure businesses benefit from stable cash flows linked to long-term contracts and inflation-indexed rate structures, expected to boost FFO per share by 3% to 4% annually [9] - An expanding global economy is projected to contribute an additional 1% to 2% annual growth in FFO per share [9] - Retained cash flow, which funds high-return organic expansion projects, is expected to drive another 2% to 3% annual growth in FFO per share [9] Group 5: Total Return Potential - Brookfield Infrastructure's combination of megatrend-driven growth, a robust dividend, and potential valuation expansion positions it for total returns of around 15% per year, making it a compelling investment opportunity for the next decade [10]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Brookfield Infrastructure Partners (BIP) identified as a strong candidate due to its favorable growth metrics and Zacks Rank [2][11]. Earnings Growth - Brookfield Infrastructure has a historical EPS growth rate of 9.3%, with projected EPS growth of 10.4% for the current year, significantly outperforming the industry average of 2.5% [5]. Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 27.2%, far exceeding the industry average of 0.4%. Over the past 3-5 years, its annualized cash flow growth rate has been 23.1%, compared to the industry average of 2.2% [6][7]. Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Brookfield Infrastructure, with the Zacks Consensus Estimate for the current year increasing by 1.2% over the past month [9]. Overall Positioning - With a Zacks Rank of 2 and a Growth Score of B, Brookfield Infrastructure is well-positioned for potential outperformance, making it an attractive option for growth investors [11].

Group 1 - The concept of doubling investment is appealing and carries positive emotional utility, although it may not be a formal investment objective [1] - Simon Property Group, Inc. (SPG) is mentioned as an investment held by an individual with extensive experience in financial management and corporate financing [1] - The individual has contributed to the institutionalization of the REIT framework in Latvia, aiming to enhance liquidity in pan-Baltic capital markets [1] Group 2 - The individual has developed national SOE financing guidelines and frameworks to channel private capital into affordable housing [1] - The individual holds a CFA Charter and an ESG investing certificate, indicating a strong background in finance and sustainable investing [1] - The individual has experience in thought-leadership activities to support the development of capital markets in the Baltic region [1]

Core Viewpoint - The article discusses the potential of investing tax refunds in high-yield dividend stocks, highlighting three standout picks: Enterprise Products Partners, Clearway Energy, and Brookfield Infrastructure [2]. Group 1: Enterprise Products Partners - Enterprise Products Partners operates in the midstream segment of the energy sector, which is less volatile compared to upstream and downstream segments, focusing on energy demand rather than commodity prices [3]. - The company has a strong track record with 26 consecutive annual distribution increases, supported by an investment-grade-rated balance sheet and a payout ratio of 55% against adjusted cash flow from operations [4]. - Future growth in distributions is expected to be modest, primarily driven by fee increases and capital investments, with growth likely in the low- to mid-single-digit percentage range [5]. Group 2: Clearway Energy - Clearway Energy owns a significant clean power generation portfolio, generating stable cash flows through long-term, fixed-rate power purchase agreements, with a current dividend yield of 6.5% [6]. - The management aims to grow the dividend by approximately 6.8% this year and 6.5% in 2026, supported by a pipeline of investment opportunities in renewable energy [7][8]. - Clearway has visibility into growth beyond 2027, with new investments and agreements expected to drive dividend growth within a target range of 5% to 8% annually [8][9]. Group 3: Brookfield Infrastructure - Brookfield Infrastructure has consistently increased its dividend since 2008, achieving a compound annual growth rate of 9%, with current yields of 5% for limited partnership shares and 4% for corporate shares [10]. - The company invests in stable cash flow-generating assets such as utilities and gas pipelines, which allows for reliable dividend payments [11]. - Brookfield Infrastructure has grown its funds from operations (FFO) by 8% and plans to sell assets worth $5 billion to $6 billion, aiming for a 10% growth in FFO per unit and at least a 5% annual dividend increase [12][13].

Inflation Data and Market Impact - The Consumer Price Index (CPI) rose by 0.5% month over month and 3% year over year, exceeding expectations of 0.3% and 2.9% respectively, and above the Federal Reserve's target of around 2% [1] - The Producer Price Index (PPI) also increased by 0.4%, higher than the anticipated 0.3% [1][2] Companies Benefiting from Inflation - W. P. Carey (WPC) and Brookfield Infrastructure (BIPC) are positioned to benefit from inflation due to their business models that allow for faster cash flow growth [3] - W. P. Carey has 51% of its leases linked to CPI, enabling rent growth during inflationary periods, with same-store rent growth above 2.6% last year [5][7] - Brookfield Infrastructure derives about 70% of its funds from operations (FFO) from assets indexed to inflation, estimating an annual FFO per share growth of 3% to 4% due to inflation [9][11] W. P. Carey Specifics - W. P. Carey focuses on properties with long-term net leases that include rent escalators, insulating it from inflation impacts [4] - The company has shifted its investment strategy to properties with inflation-linked rents, including a $191 million investment in a 19-property industrial and warehouse portfolio [6] - The REIT's strategy positions it for above-average rent growth and potential dividend increases, currently yielding 6.1% [7] Brookfield Infrastructure Specifics - Brookfield Infrastructure operates across various sectors, with 85% of its FFO coming from contracted or regulated assets, benefiting from stable cash flows [8] - The company achieved 7% organic FFO growth last year, driven by inflation and strong tariff increases in its transportation portfolio [10] - Management anticipates over 10% annual FFO per share growth, supporting 5% to 9% annual dividend increases, with a current yield of over 4% [11] Conclusion - Both W. P. Carey and Brookfield Infrastructure are well-positioned to capitalize on elevated inflation rates, with their business models supporting growth in cash flows and dividends [12]

Core Viewpoint - Brookfield Infrastructure is positioned as a strong investment opportunity due to its high-yielding dividends, stable cash flow, and exposure to significant global megatrends, which are expected to drive growth and returns over the coming years [2][12]. Dividend and Income Generation - Brookfield Infrastructure has increased its dividend for 16 consecutive years, with a compound annual growth rate of approximately 9% during this period, currently yielding over 4%, significantly higher than the S&P 500's yield of around 1.2% [4][6]. - The company distributes 60% to 70% of its stable cash flow in dividends, supported by a strong investment-grade balance sheet, making its dividend payout very secure [6]. Cash Flow Stability - Approximately 85% of Brookfield's funds from operations (FFO) come from contracted or regulated assets, with 75% having no volume or price exposure, and 85% of its FFO is indexed to or protected from inflation [5][6]. - The company anticipates annual FFO per share growth of 4% to 6% from inflation-linked contracts and GDP exposure without requiring additional capital investment [7]. Growth Opportunities - Brookfield has a backlog of nearly $8 billion in capital projects, primarily focused on data infrastructure, which is expected to contribute an additional 2% to 3% to FFO per share annually as projects are completed [8]. - The company estimates a need for $100 trillion in global infrastructure investment over the next 15 years, including over $8 trillion for AI-related infrastructure in the next 3 to 5 years, positioning Brookfield to capture a significant share of this market [9]. Future Projections - Investments in capital projects and acquisitions are projected to push Brookfield's FFO growth rate above 10% annually, supporting continued dividend growth in the range of 5% to 9% per year [11]. - The combination of high-yield dividends and robust growth driven by global megatrends suggests potential total returns in the mid-teens, with a lower risk profile [12].