Company: TRTN-PA
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001660734-25-000025
Chunk: 44

Company: Triton International Ltd
Filing Date: 2025-08-01
Form: 6-K
Chunk 44
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 leasing revenues were $692.9 million for the six months ended June 30, 2025 compared to $750.3 million in the same period in 2024, a decrease of $57.4 million.

Per diem revenues were $602.5 million for the six months ended June 30, 2025, compared to $667.4 million in the same period in 2024, a decrease of $64.9 million of which $76.3 million related to the TCF VIII Distribution. This decrease was partially offset by a $10.9 million increase due to an increase in the average lease rates for our dry container product line as a result of units placed on-hire during 2024 at higher rates.

Fee and ancillary lease revenues were $30.7 million for the six months ended June 30, 2025 compared to $29.8 million in the same period in 2024, an increase of $0.9 million. The increase was primarily due to a $4.6 million increase in repair revenue, partially offset by a $2.2 million decrease related to the TCF VIII Distribution and a $2.0 million decrease due to a lower volume of net pick-up and redelivery activity.

Finance lease revenues were $52.7 million for the six months ended June 30, 2025 compared to $53.1 million in the same period 2024, a decrease of $0.4 million. The decrease was primarily due to the runoff of the existing portfolio, partially offset by the additions of new finance leases.

Management fee revenues were $7.1 million for the six months ended June 30, 2025 resulting from the management of the containers in the TCF VIII securitization portfolio following the TCF VIII Distribution. We did not record any management fee revenues in 2024.

Trading margin. Trading margin was $1.3 million for the six months ended June 30, 2025 compared to $2.3 million in the same period in 2024, a decrease of $1.0 million. The decrease was primarily due to a decrease in the sale of higher margin equipment.

Net gain (loss) on sale of leasing equipment. Gain on sale of leasing equipment was $18.6 million for the six months ended June 30, 2025 compared to a $23.5 million loss in the same period in 2024, an increase of $42.1 million. In the second