BIPC - Triton International: Preferred Shares Offer A Yield Between 6.9% And 8.2%
2024-04-26 10:30:00 ET
Summary
- Triton International is the largest lessor of containers in the world and plays an important role in the global supply chain.
- The company's financial performance in 2023 showed a decrease in total revenue but strong operating results.
- Triton's balance sheet shrank after being acquired by Brookfield Infrastructure, but preferred dividends remain well covered.
Introduction
I have always liked infrastructure and infrastructure-like companies, and container lessors met that description. While perhaps an ‘unconventional’ business, container lessors provide an important contribution to the worldwide supply chain, as the containers that are leased to shipping companies worldwide play an important role in moving goods across the globe....
Triton International: Preferred Shares Offer A Yield Between 6.9% And 8.2%