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TRITON INTERNATIONAL REPORTS THIRD QUARTER 2021 RESULTS AND RAISES QUARTERLY DIVIDEND Hamilton , Bermuda - October 26 , 2021 – Triton International Limited ( NYSE : TRTN ) ( " Triton " ) Highlights : Net income attributable to common shareholders for the three months ended September 30 , 2021 was $ 123.0 million or $ 1.83 per diluted share , which includes $ 42.7 million of make - whole and other debt termination costs primarily related to the prepayment of $ 648.9 million of senior secured institutional notes . Adjusted net income was $ 163.8 million or $ 2.43 per diluted share , an increase of 113.2 % from the third quarter of 2020 and 13.6 % from the second quarter of 2021 . Trade volumes remained strong in the third quarter and continue to drive exceptional container demand and lease activity . On October 14 , 2021 , Triton announced the completion of its capital structure transition toward unsecured investment grade financing , which will lead to further financing and market advantages . Triton repurchased 0.4 million common shares during the third quarter , and has repurchased an additional 0.2 million common shares through October 22 , 2021. Triton increased its share repurchase authorization to $ 200 million . Triton announced a 14 % increase in its quarterly common share dividend to $ 0.65 per share payable on December 23 , 2021 to shareholders of record as of December 9 , 2021 . Financial Results The following table summarizes Triton's selected key financial information for the three and nine months ended September 30 , 2021 and 2020 and the three months ended June 30 , 2021 . Total leasing revenues GAAP Net income attributable to common shareholders Net income per share - Diluted Non - GAAP ( 1 ) Adjusted net income Adjusted net income per share - Diluted September 30 , 2021 $ 400.2 $ 123.0 $ 1.83 ( in millions , except per share data ) Three Months Ended , $ 163.8 $ 2.43 June 30 , 2021 $ 369.8 $ 54.7 $ 0.81 1 $ 144.2 $ 2.14 September 30 , 2020 $ 327.8 $ 45.9 $ 0.67 $ 78.1 $ 1.14 Nine Months Ended , September 30 , September 30 , 2021 2020 $ 1,116.7 $ 970.6 $ 307.1 $ 4.57 $ 436.6 $ 6.49 $ 173.2 $ 2.48 $ 205.2 $ 2.93 Return on equity ( ² ) 29.4 % 26.6 % 15.8 % 27.1 % 13.6 % ( 1 ) Refer to the " Use of Non - GAAP Financial Items " and " Non - GAAP Reconciliations of Adjusted Net Income " set forth below . ( 2 ) Refer to the " Calculation of Return on Equity " set forth below .