Company: TRTN-PA
Filing Date: 2025-11-06
Form Type: 6-K
Source: 0001660734-25-000034
Chunk: 45

Company: Triton International Ltd
Filing Date: 2025-11-06
Form: 6-K
Chunk 45
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 $2.6 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 $15.9 million for the three months ended September 30, 2025 compared to $14.6 million in the same period in 2024, an increase of $1.3 million. The increase was primarily due to a $3.3 million increase in repair and handling revenue as a result of a higher volume of redeliveries, partially offset by a $1.7 million decrease related to the TCF VIII Distribution.

Finance lease revenues were $29.8 million for the three months ended September 30, 2025 compared to $27.5 million in the same period in 2024, an increase of $2.3 million. The increase was primarily due to the additions of new finance leases in connection with the GCI acquisition, partially offset by the runoff of the existing portfolio.

Management fee revenues were $6.3 million for the three months ended September 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.

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Trading margin. Trading margin was $0.6 million for the three months ended September 30, 2025 compared to $1.1 million in the same period in 2024, a decrease of $0.5 million. The decrease was primarily due to a decrease in volume in the re-sale of higher margin new production units.

Net gain (loss) on sale of leasing equipment. Gain on sale of leasing equipment was $3.2 million for the three months ended September 30, 2025 compared to a $17.4 million gain on sale in the same period in 2024, a decrease of $14.2 million. The decrease was primarily due to a decrease in sales volume and a decrease in the average sales price for used dry containers.

Depreciation and amortization. Depreciation and amortization was $89.2 million for the three months ended September 30, 2025 compared to $135.0 million in the same period in 2024, a decrease of $45.8 million. This decrease was primarily due to a decrease of $36.9 million related to the TCF VIII