FTAI Infrastructure Inc. (FIP)
FTAI Infrastructure Inc. operates in the Conglomerates industry of the Industrials sector, headquartered in New York City, NY, US. The stock last traded at $4.57, up 4.59% on the session, giving a market capitalisation of $540.1M. On trailing twelve-month figures it carries a trailing P/E of -0.88, a net margin of -63.8%. Its beta of 1.91 implies it has historically moved more than the broad market.
FTAI Infrastructure Inc. specializes in acquiring, developing, and managing essential infrastructure assets and businesses that serve clients in the transportation and energy industries. Its operational portfolio includes a multi-modal terminal designed for crude oil and refined petroleum products, along with various associated facilities. A significant deep-water port spanning 1,630 acres on the Delaware River is also a key asset, featuring an underground storage cavern, a versatile multi-purpose dock, a rail-to-ship transloading system, and abundant opportunities for industrial expansion. Additionally, the company oversees a 1,660-acre multi-modal port situated on the Ohio River, equipped with extensive rail and dock infrastructure, and presenting numerous industrial development prospects, notably a power generation facility currently under construction. Furthermore, FTAI Infrastructure Inc. manages a network of five freight railroads and a dedicated switching facility. Established in 2021, FTAI Infrastructure Inc. is headquartered in New York, New York. The company, trading on NasdaqGS under the symbol FIP, has functioned as an independent entity separate from Fortress Transportation and Infrastructure Investors LLC since August 1, 2022.
FTAI Infrastructure Inc. is most often compared with the following Industrials names: