Freight railcars (tank cars
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The Greenbrier Companies (GBX) Secures $300M Railcar ABS Financing to Grow Leasing Business
Yahoo Finance· 2026-03-21 13:01
Core Viewpoint - The Greenbrier Companies, Inc. (NYSE:GBX) is recognized as a strong investment opportunity in the railroad sector, particularly following its recent $300 million railcar asset-backed securities (ABS) offering aimed at financing its leasing business [1][9]. Financing Details - Greenbrier completed a $300 million ABS offering through its subsidiary GBX Leasing 2022-1 LLC, issuing Series 2026-1 Class A and B Notes to secure long-term financing [1][2]. - The Notes have a blended interest rate of 5.2% and a 2.5-year call provision, with weighted average lives of approximately 6.7 years for Class A Notes and seven years for Class B Notes [2]. Asset Backing - The ABS issuance is secured by railcars and associated operating leases from Greenbrier's leasing fleet, which consists of over 17,000 railcars primarily from the company's manufacturing operations [3]. Liability Structure - Although the securitization will be consolidated on Greenbrier's balance sheet for accounting purposes, the debt is non-recourse to the parent company, meaning Greenbrier is not liable for repayment beyond the pledged collateral [4]. Strategic Outlook - The proceeds from the ABS offering will support Greenbrier's leasing business and recurring revenue stream, with CEO Lorie L. Tekorius highlighting strong investor demand as a sign of confidence in the company's manufacturing platform and long-term growth strategy [5].
Trinity Industries (TRN) Raises Dividend, Posts Strong EPS Growth
Yahoo Finance· 2026-03-21 12:58
Trinity Industries, Inc. (NYSE:TRN) is one of the best railroad stocks to buy according to analysts. On March 5, Trinity Industries, Inc. (NYSE:TRN) declared a quarterly cash dividend of $0.31 per share. The payout will be distributed on April 30, 2026, to shareholders of record as of April 15. This payment is the company’s 248th consecutive quarterly dividend payment and extends a 56-year unbroken dividend streak. Trinity Industries, Inc. (TRN) Raises Dividend, Posts Strong EPS Growth The $0.31 per shar ...
10 Best Railroad Stocks to Buy According to Analysts
Insider Monkey· 2026-03-20 15:49
In this article, we explore the 10 Best Railroad Stocks to Buy According to Analysts.The United States and Canada, two countries that form the North American region, have been running on railroads for nearly 200 years. Railroad emerged as an industry in the late 1820s and still supports the region’s economy to date. The US in particular has nearly 140,000 route miles of freight logistics network, which moves about 28% of all domestic freight by ton-miles. It is also widely considered the world’s largest, sa ...