| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
44 |
| Employees |
60 |
| Revenues (TTM) (Millions $) |
404 |
| Net Income (TTM) (Millions $) |
86 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
66 |
Business Description
Infrareit, Inc. is a real estate investment trust (REIT) that owns and operates essential infrastructure assets in Texas. The company was formed in 2015 as a result of a spin-off from the Energy Future Holdings Corp., a Texas-based power company. Infrareit Inc. is headquartered in Dallas, Texas, and its operation is focused on the acquisition, ownership, and management of transmission lines, substations, and related assets that are essential to energy delivery.
The primary business of Infrareit, Inc. is to lease these assets to utility customers under long-term contracts. The company is committed to providing high-quality and reliable infrastructure services to its customers to ensure the uninterrupted delivery of electricity across Texas. Infrareit, Inc. has two business segments, including the Electric Transmission Infrastructure segment and the Renewable Power Generation segment.
The Electric Transmission Infrastructure segment is the larger of the two business segments and involves the management, operation, and maintenance of transmission and substation assets. This segment comprises the transmission networks that provide services to the electric grid, including high-voltage power lines and substations. The transmission network covers a vast area of Texas and is crucial to ensure that electricity is delivered to where it is needed and when it's needed. Infrareit Inc. works closely with its utility customers to ensure that the assets meet regulatory requirements and are maintained to the highest standards.
The Renewable Power Generation segment involves the ownership, management, and operation of renewable energy facilities, including wind and solar power plants. This segment leases its assets to renewable energy companies to generate and sell power to power grids. The Wind Facility is located in West Texas and has a capacity of 211 megawatts, whereas the Solar Facility in south-central Texas has a maximum capacity of 75 megawatts.
Infrareit, Inc. is dedicated to providing sustainable infrastructure solutions and has a commitment to environmental stewardship. The company's assets reduce emissions, optimize energy delivery, and increase power grid reliability. The company also adheres to strict environmental guidelines, and in 2020, the company's renewable facilities generated enough clean energy to power approximately 52,000 homes.
In conclusion, Infrareit, Inc. is a real estate investment trust (REIT) that owns and operates essential infrastructure assets in Texas. The company is focused on the acquisition, ownership, and management of transmission lines, substations, and related assets that are essential to energy delivery. Infrareit Inc. works closely with its utility customers to ensure the assets meet regulatory requirements and are maintained to the highest standards. Furthermore, the company is committed to providing sustainable infrastructure solutions and has a commitment to environmental stewardship.
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