Brookfield Renewable Energy Partners (NYSE: BEP) reported Q4 FFO of $0.66. Revenue for the quarter came in at $780 million versus the consensus estimate of $657 million.

“We continued to execute on our strategic priorities, strengthening our investment grade balance sheet and enhancing our global investment capabilities during the year. This allowed us to generate 14% per unit FFO growth in 2018 for unitholders,” said Sachin Shah, CEO of Brookfield Renewable. “Looking ahead, we believe our combination of operational depth and financial strength positions us well to deliver long-term, stable returns for unitholders.”

“In light of our recent growth, strong balance sheet and access to capital, we are pleased to announce that our board has declared a 5% increase to the quarterly distribution, bringing our annual payout to $2.06 per unit,” added Mr. Shah.

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