TRTN
Triton International LimitedTRTN
TRTN
Delisted
TRTN was delisted on the 27th of September, 2023.
About: Triton International Ltd operates as a lessor of intermodal containers. It also leases chassis which are used for the transportation of containers. The operating segments are Equipment leasing and Equipment trading. It has a presence in Asia, Europe, America, Bermuda, and Other countries. The company leases equipment such as Dry freight, Refrigerated, Special, Chassis, and Tank containers. The revenue is generated from the Equipment leasing segment.
Employees: 244
Financial journalist opinion
Positive
Seeking Alpha
2 weeks ago
Triton International: Brookfield Infrastructure's Cash Cow
Triton International's Q1 results remain robust, with strong profitability and preferred dividends well-covered by net income and free cash flow. The company issued a new Series F preferred, now trading at a discount and offering an appealing 7.95% yield for income-focused investors. Despite a decrease in common equity cushion due to a special vehicle sale, overall balance sheet risk for preferred holders remains manageable.
Neutral
Business Wire
1 month ago
Triton International Declares Quarterly Dividends on Preference Shares
HAMILTON, Bermuda--(BUSINESS WIRE)--April 28, 2025 -- Triton International Limited ("Triton") today announced that the Board of Directors has declared a cash dividend on its issued and outstanding preference shares. The dividends, which have payment dates of June 15, 2025, will be payable on the next business day to shareholders of record at the close of business on June 9, 2025 as follows: Preference Share Series Dividend Rate Dividend Per Share Series A Preference Shares (NYSE:TRTNPRA) .
Positive
Seeking Alpha
1 month ago
Triton International: Looking For Value In The 8%+ Yielding Preferred Shares
Triton International's strong cash flows and low preferred dividend payout ratio are encouraging, but significant cash distributions to Brookfield Infrastructure warrant close monitoring. The issuance of new Series F preferred shares increases preferred equity to nearly 30% of total equity, potentially impacting the safety of existing preferred shares. Despite governance risks post-acquisition by Brookfield, Triton's preferred shares offer a well-covered 8%+ dividend yield, making them an attractive income investment.
Neutral
Business Wire
2 months ago
Triton International Announces Strategic Long-Term Partnership with Sumitomo Mitsui Finance and Leasing Company
HAMILTON, Bermuda--(BUSINESS WIRE)--April 2, 2025-- Triton International Limited (“Triton” or the “Company”) today announced a strategic long-term partnership with Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”). As part of this transaction, SMFL has acquired a minority stake in Triton Container Finance VIII LLC, one of Triton's leased container portfolios, and will have the option to invest in additional Triton assets over time. Brian Sondey, Triton's Chief Executive Officer comm.
Neutral
Business Wire
2 months ago
Triton International Announces Agreement to Acquire Global Container International
HAMILTON, Bermuda--(BUSINESS WIRE)--March 10, 2025 – Triton International Limited (“Triton” or the “Company”) today announced that it has entered into an agreement to acquire Global Container International LLC (“GCI”). The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close during the first half of 2025. Established in 2018 by a team of experienced container industry executives in partnership with investment vehicles managed by Wafra I.
Positive
Seeking Alpha
3 months ago
TRTN.PR.F: 7.625% Preferred Shares IPO From Triton International
Triton International Ltd.'s 7.625% Series F Cumulative Preferred Shares, which trade at $24.78, offer a 7.69% current yield and an 8.13% yield to call. Despite the significant leverage in its capital structure, the company's net income provides a sufficient buffer for preferred dividends and interest payments. TRTN-F is fairly priced among Triton's other preferred stocks and does not stand out in sector and broader market comparisons.
Neutral
Business Wire
3 months ago
Triton International Announces Initial Dividend on Series F Preference Shares and Updates Dividend Dates on Series A-E Preference Shares
HAMILTON, Bermuda--(BUSINESS WIRE)--February 14, 2025 – Triton International Limited (“Triton” or the “Company”) today announced that its Board of Directors has declared an initial dividend on its 7.625% Series F Cumulative Redeemable Perpetual Preference Shares (NYSE: TRTN PRF). The cash dividend of US$0.20651 per share, which has a payment date of March 15, 2025, will be payable on the next business day to holders of record at the close of business on March 10, 2025 and covers the period from.
Neutral
Business Wire
4 months ago
Triton International Announces Pricing of Public Offering of Series F Preference Shares
HAMILTON, Bermuda--(BUSINESS WIRE)--January 30, 2025 — Triton International Limited (the “Company” or “Triton”) today announced the pricing of an underwritten offering of 6,000,000 of the Company's 7.625% Series F Cumulative Redeemable Perpetual Preference Shares with a liquidation preference of $25.00 per share (the “Series F Preference Shares”) for gross proceeds of $150,000,000. The Company intends to use the net proceeds from the offering for general corporate purposes, including the purcha.
Neutral
Business Wire
4 months ago
Triton International Declares Quarterly Dividends on Preference Shares
HAMILTON, Bermuda--(BUSINESS WIRE)--January 28, 2025 – Triton International Limited ("Triton") today announced that the Board of Directors has declared a cash dividend payable on March 14, 2025 to holders of record at the close of business on March 7, 2025 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% .
Positive
Seeking Alpha
6 months ago
Triton International's Preferred Shares Offer An 8.3% Yield (With A Call Risk)
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.
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