Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Q2 2020 Earnings Conference Call - Final Transcript
Jul 31, 2020 • 08:00 am ET
Joseph P. Adams Jr.
the investment side in Infrastructure has always been to build at 3 times to 4 times EBITDA to have those businesses trade at 10 times to 12 times EBITDA. And to sell, if we choose at 15 times to 20 times EBITDA.
With respect to the Central Maine & Quebec Railroad and 50% interest in Long Ridge, we did exactly that and more. And with respect to Jefferson and Repauno, we now see the way clear to have the same results. As I mentioned at the beginning of this section. There are few things better to test the strength of the business model then extreme stress and we have that in space [Phonetic] this quarter and I'm pleased to report that we successfully got through Q2 and we see that success continuing and growing over the balance of Q3 and beyond.
In short, I have never been more excited about where FTAI is today nor have I ever been this confident in our prospects for the future. So with that, I'll turn the call back to Alan.
Thank you, Joe. Operator, you may now open the call to Q&A.