Company: TRTN-PA
Filing Date: 2025-05-02
Form Type: 6-K
Source: 0001660734-25-000016
Chunk: 29

Company: Triton International Ltd
Filing Date: 2025-05-02
Form: 6-K
Chunk 29
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 portfolio, for which we will be entitled to receive management fees.

On March 10, 2025, we announced the signing of a definitive 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. GCI is a Bermuda-domiciled marine container leasing company and operates a fleet of approximately 0.5 million TEU.

#### Operations
Our consolidated operations include the acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis. As of March 31, 2025, our total fleet consisted of approximately 4.0 million containers and chassis, representing 7.0 million TEU or 7.5 million CEU, including 0.8 million managed containers, representing 1.3 million TEU or 1.5 million CEU. We have an extensive global presence, offering leasing services through a worldwide network of local offices, and we utilize third-party container depots spread across over 40 countries to provide customers global access to our container fleet. Our primary customers include the world's largest container shipping lines.

The most important driver of profitability in our business is the extent to which leasing revenues, which are driven by our owned equipment fleet size, utilization and average lease rates, exceed our ownership and operating costs. Our profitability is also driven by the gains or losses we realize on the sale of used containers and the margins generated from trading new and used containers.

We lease five types of equipment: dry containers, refrigerated containers, special containers, tank containers, and chassis. Our in-house equipment sales group manages the sale process for our used containers and chassis from our equipment leasing fleet and sells used and new containers and chassis acquired from third parties.

The following table summarizes the percentage of our equipment fleet in terms of units and CEU as of March 31, 2025:

| Equipment Type          |     | Percentage of total fleet in units(1) |       |   |     | Percentage of total fleet in CEU(1) |       |   |
| Dry                     |     |                                       |  90.8 | % |     |                                     |  72.9 | % |
| Refrigerated            |     |                                       |   5.0 |   |     |                                     |  19.9 |   |
| Special                 |     |                                       |   2.4 |   |     |                                     |