Triton International

Triton International Ltd. is a lessor of intermodal freight containers. It operates through the Equipment Leasing and Equipment Trading segments. The Equipment Leasing segment involves in operations, which include the acquisition, leasing, re-leasing, and ultimate sale of types of intermodal transportation equipment, primarily intermodal containers. The Equipment Trading segment focuses on the purchase containers from shipping line customers, and other sellers of containers, and resells containers to container retailers and users of containers for storage or one-way shipment. The company was founded on September 29, 2015 and is headquartered in Hamilton, Bermuda.

Earnings data Q2 2024

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Triton International is a container leasing company that offers various containers, such as dry containers, refrigerated containers, and tank containers. Their container products provide efficient transport of essential goods and supplies on their journey. Triton's containers aid in the safe and efficient movement of vital goods and supplies as they travel to support economic progress, bring cultures together, and build a better world.

Triton International's preferred shares remain outstanding and well covered despite the acquisition by Brookfield Infrastructure, with a strong dividend coverage ratio of approximately 900%. Triton's operating expenses are under control, and the company reported a net profit of $150.7M in Q3, with only 10% needed for preferred dividends. The balance sheet shows $2.1B in common equity junior to preferred shares, ensuring a buffer for preferred shareholders against potential losses.

Triton International's Preferred Shares Offer An 8.3% Yield (With A Call Risk)

HAMILTON, Bermuda--(BUSINESS WIRE)--November 18, 2024 – Triton International Limited ("Triton") today announced the following management transition as part of Triton's long-term succession planning strategy. After more than 30 years of distinguished service, John O'Callaghan, Executive Vice President, Global Head of Field Marketing and Operations, has decided to retire from his current role, effective December 31, 2024. He will remain with Triton in the role of Executive Vice President, Directo.

Triton International Announces Executive Transition

Triton International's Q1 results show a decrease in leasing revenue and operating income compared to the previous year. The company paid a $200M dividend to its common shareholder, Brookfield Infrastructure, reducing the overall safety of the preferred shares. The preferred dividends are well covered by earnings, but the asset coverage ratio is worsening, indicating potential risks for preferred shareholders.

Triton International Preferreds: Excessive Dividends To Brookfield Make 8% Yielding Preferred Shares Riskier

HAMILTON, Bermuda--(BUSINESS WIRE)--April 30, 2024 – Triton International Limited ("Triton") today announced that the Board of Directors has declared a cash dividend payable on June 14, 2024 to holders of record at the close of business on June 7, 2024 on Triton's issued and outstanding preference shares as follows: Preference Share Series   Dividend Rate   Dividend Per Share Series A Preference Shares (NYSE:TRTNPRA)   8.500%   $0.5312500 Series B Preference Shares (NYSE:TRTNPRB)   8.000%   $0.

Triton International Declares Quarterly Dividends on Preference Shares

Triton International is the largest lessor of containers in the world and plays an important role in the global supply chain. The company's financial performance in 2023 showed a decrease in total revenue but strong operating results. Triton's balance sheet shrank after being acquired by Brookfield Infrastructure, but preferred dividends remain well covered.

Triton International: Preferred Shares Offer A Yield Between 6.9% And 8.2%

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HAMILTON, Bermuda--(BUSINESS WIRE)--September 28, 2023—Triton International Limited (NYSE: TRTN) (“Triton” or the "Company") today announced the completion of its acquisition by Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP, TSX: BIP.UN), through its subsidiary Brookfield Infrastructure Corporation (“BIPC”) and its institutional partners (collectively, “Brookfield Infrastructure”). The Company will continue to operate under the Triton name, maintain its global presence, and be led.

Triton International Announces Completion of Acquisition By Brookfield Infrastructure

HAMILTON, Bermuda--(BUSINESS WIRE)--September 27, 2023—Triton International Limited (NYSE: TRTN) (“Triton”) announced today the preliminary results of the elections made by holders of Triton common shares regarding the form of consideration they wish to receive in exchange for their Triton common shares in connection with the pending acquisition of Triton by Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP, TSX: BIP.UN), through its subsidiary Brookfield Infrastructure Corporation (“B.

Triton International Announces Preliminary Election Results in Connection With Acquisition by Brookfield Infrastructure

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HAMILTON, Bermuda--(BUSINESS WIRE)--September 19, 2023 -- Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP, TSX: BIP.UN), through its subsidiary Brookfield Infrastructure Corporation (“BIPC”) and its institutional partners (collectively, “Brookfield Infrastructure”), and Triton International Limited (NYSE: TRTN) (“Triton”) announced today that, following clearance from the Committee on Foreign Investment in the United States (CFIUS) on September 18, 2023, all regulatory approvals requ.

Triton International and Brookfield Infrastructure Announce Receipt of All Required Regulatory Approvals for Proposed Acquisition and Election Deadline

We are impressed by Triton's (TRTN) impactful liquidity position and efforts to reward shareholders.

5 Reasons Why Investors Should Bet on Triton (TRTN) Stock Now

Triton (TRTN) reported earnings 30 days ago. What's next for the stock?

Why Is Triton (TRTN) Down 0.9% Since Last Earnings Report?

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HAMILTON, Bermuda--(BUSINESS WIRE)--August 24, 2023—Triton International Limited (NYSE: TRTN) (“Triton” or the "Company") announced that its shareholders have voted to approve the acquisition of the Company by Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP, TSX: BIP.UN), through its subsidiary Brookfield Infrastructure Corporation (“BIPC”) and its institutional partners (collectively, “Brookfield Infrastructure”) at a special general meeting of shareholders held earlier today. “This.

Triton International Shareholders Approve Acquisition by Brookfield Infrastructure

Triton (TRTN) second-quarter 2023 earnings and revenues fall year over year.

Triton (TRTN) Q2 Earnings Beat, Revenues Miss Estimates

Triton International (TRTN) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.29 per share. This compares to earnings of $2.92 per share a year ago.

Triton International (TRTN) Q2 Earnings Top Estimates

HAMILTON, Bermuda--(BUSINESS WIRE)--August 1, 2023 – Triton International Limited (NYSE: TRTN) ("Triton") today reported results for the second quarter of 2023. Highlights: Net income attributable to common shareholders for the second quarter of 2023 was $128.7 million or $2.34 per diluted share, a decrease of 19.3% from the second quarter of 2022 and a decrease of 4.1% from the first quarter of 2023. Net income for the second quarter of 2023 included $2.6 million of transaction and other merge.

Triton International Reports Second Quarter 2023 Results and Declares Quarterly Dividends

HAMILTON, Bermuda--(BUSINESS WIRE)--July 25, 2023 - Triton International Limited (NYSE:TRTN) ("Triton") today announced that it plans to release its second quarter 2023 earnings before market open on August 1, 2023. On April 12, 2023, Triton announced it had entered into a definitive agreement to be acquired by Brookfield Infrastructure. In light of the pending transaction, Triton will not hold an earnings conference call to discuss its second quarter results. About Triton International Limited.

Triton International Limited Announces Date for Second Quarter 2023 Earnings Release

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Triton International Limited (“the Company”) (NYSE: TRTN) to Brookfield Infrastructure Partners L.P. (NYSE: BIP). Under the terms of the proposed transaction, shareholders of Triton will receive total consideration of $85.00 for each share of Triton that they own (with the option to receive such consideration.

TRITON INTERNATIONAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Triton International Limited - TRTN

HAMILTON, Bermuda--(BUSINESS WIRE)--July 7, 2023--Triton International Limited (NYSE: TRTN) (“Triton”) announced that it has set August 24, 2023 as the date for the special general meeting of shareholders (the “Special Meeting”) to approve the previously announced acquisition of Triton by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE: BIP, TSX: BIP.UN), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrast.

Triton International Announces Date of Special Meeting to Approve Acquisition by Brookfield Infrastructure

Triton's (TRTN) efforts to reward shareholders and a good liquidity position look encouraging.

Here's Why Investors Should Buy Triton (TRTN) Stock Now

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News for Triton International Stock (TRTN)