Company: TRTN-PA
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001660734-25-000004
Chunk: 121

Company: Triton International Ltd
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 121
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  Right-of-use asset - operating      Other assets                                                                  $                      10,645      $                      10,093  
  Lease liability - operating         Accounts payable and other accrued expenses                                   $                      14,331      $                      13,510  
                                                                                       Year Ended December 31,                                                                        
  Income Statement                    Financial statement caption                      2024                         2023                               2022                           
  Operating lease cost (1)            Administrative expenses                          $                            $                       2,869      $                       3,205  

(1) Includes short-term leases that are immaterial.

Cash paid for amounts included in the measurement of lease liabilities included in operating cash flows was $ 2.5 2.9 3.4

The following represents the Company's future undiscounted cash flows related to lease liabilities for each of the next five years and thereafter as of December 31, 2024 (in thousands):

  Years ending December 31,                                                                 
 ────────────────────────────────────────────────────────────────────────────────────────────
  2025                                                                $              2,936  
  2026                                                                               2,413  
  2027                                                                               1,975  
  2028                                                                               1,713  
  2029                                                                               1,581  
  2030 and thereafter                                                                7,595  
  Total undiscounted future cash flows related to lease payments      $             18,213  
  Less: imputed interest                                              ( 3,882)              
  Total present value of lease liability                              $             14,331  

The following table includes supplemental information related to the Company's operating leases:

                                             December 31, 2024      December 31, 2023  
  Weighted-Average Remaining Lease Term      8.5 years              9.5 years          
 ───────────────────────────────────────────────────────────────────────────────────────
  Weighted-Average Discount Rate             5.67                   5.67               

Lessor

Operating Leases

The following is the minimum future rental income as of December 31, 2024 under non-cancelable operating leases, assuming the minimum contractual lease term (in thousands):

  Years ending December 31,                 
 ────────────────────────────────────────────
                       2025        949,398  
                       2026        777,437  
                       2027