As we look back on 2019, it was an exceptional year for Brookfield Infrastructure. Our financial results and operating performance were strong and we added high-quality assets to each of our operating segments. Funds from Operations (‘FFO’) totaled $1.38 billion or $3.40 per unit, an increase of 11% on a comparable basis and 9% on a total basis, over 2018.
Operating conditions during the year were favorable in all regions, enabling us to execute our full cycle investment strategy of acquiring high-quality assets, creating value through active asset management, and recycling capital on an attractive basis. The capital markets were also strong, allowing us to raise equity to fund growth and to secure debt at historically low interest rates.
The following is a summary of our key accomplishments during the year: $2.6 billion of new investments
$2.6 billion of new investments– significantly expanded our data infrastructure segment and added a large- scale North American rail business to our portfolio. These new investments are expected to generate an average going-in FFO yield of 12% and provide attractive organic growth opportunities...