Company: TRTN-PA
Filing Date: 2025-11-06
Form Type: 6-K
Source: 0001660734-25-000034
Chunk: 35

Company: Triton International Ltd
Filing Date: 2025-11-06
Form: 6-K
Chunk 35
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 or 8.0 million cost equivalent units ("CEU"), including 0.8 million managed containers, representing 1.3 million TEU or 1.5 million CEU. On July 1, 2025, we acquired 0.3 million containers in connection with the Global Container International LLC ("GCI") acquisition, representing 0.5 million TEU, or 0.5 million CEU, which are included in the total fleet numbers above. 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 September 30, 2025:

| Equipment Type          |     | Percentage of total fleet in units(1) |       |   |     | Percentage of total fleet in CEU(1) |       |   |
| Dry                     |     |                                       |  91.2 | % |     |                                     |  74.5 | % |
| Refrigerated            |     |                                       |   4.5 |   |     |                                     |  18.4 |   |
| Special                 |     |                                       |   2.2 |   |     |                                     |   3.3 |   |
| Tank                    |     |                                       |   0.3 |   |     |                                     |   1.3 |   |
| Chassis                 |     |                                       |   0.6 |   |     |                                     |   1.6 |   |
| Equipment leasing fleet |     |                                       |  98.8 | % |     |                                     |  99.1 |