Hot Move to Watch: Fortress Transportation and Infrastructure Investors LLC’s (NYSE: FTAI)

On 04 Dec 18, Fortress Transportation and Infrastructure Investors LLC’s (NYSE: FTAI) shares price traded between $15.40 and $15.95 during the last trading session upbeat/downbeat with -0.88% at $15.83. The shares recorded trading volume 193,193 shares as compared to its average volume of 113,218 shares. The company has 83.26 million shares outstanding and market value of 1.311B.

Fortress Transportation and Infrastructure Investors LLC (FTAI) recently stated financial results for the three months ended September 30, 2018.

For the third quarter of 2018, our total FAD was $43.6M. This amount includes $71.6M from equipment leasing activities, offset by $(10.0)M and $(18.0)M from infrastructure and corporate activities, respectively.

Joe Adams, CEO of FTAI, stated, “We just completed an excellent quarter with strong net income and record adjusted EBITDA. In addition, we set a record for return on equity in our aviation business together with record adjusted EBITDA yield while expecting total new aviation investments in 2018 of over $500M, another record.”(2)

Adams continued, “Strong macro factors are driving raised revenues and long term value creation in our infrastructure section comprised of four North American port and rail terminals.  The dramatic growth in North American energy infrastructure continues to drive new business at our key planned locations.”

Third Quarter 2018 Dividend

On November 1, 2018, the Company’s Board of Directors reported a cash dividend of $0.33 per ordinary share for the quarter ended September 30, 2018, payable on November 27, 2018 to the holders of record on November 16, 2018.

Additional Information

For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Relations section of the Company’s website, www.ftandi.com, and the Company’s Quarterly Report on Form 10-Q, when accessible on the Company’s website. Nothing on the Company’s website is included or incorporated by reference herein.

EPS growth for this year is -19.90% and EPS growth for next year is expected to reach at 191.07%. EPS growth in past five years was -66.10%. Sales growth past 5 years was measured at 128.60%.

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America.

 

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