Exhibit 99.1
NEWS RELEASE
image0a04a01a46.jpg

FOR IMMEDIATE RELEASE

GATX CORPORATION REPORTS 2026 SECOND-QUARTER RESULTS
Company raises 2026 full-year earnings guidance to $9.90–$10.30 per diluted share
Rail North America's utilization for the combined fleet remains high at 98.0% at quarter end
Demand for aircraft spare engines remains strong
Investment volume was $200.5 million in the second quarter and totaled $4.7 billion year to date

CHICAGO, July 30, 2026—GATX Corporation (NYSE: GATX) today reported 2026 second-quarter net income attributable to GATX of $103.4 million, or $2.84 per diluted share, compared to net income attributable to GATX of $75.5 million, or $2.06 per diluted share, in the second quarter of 2025.

Net income attributable to GATX for the first six months of 2026 was $188.9 million, or $5.19 per diluted share, compared to $154.1 million, or $4.21 per diluted share, in the prior year period.

"GATX delivered strong second-quarter results," said Robert C. Lyons, president and chief executive officer of GATX. "At Rail North America, fleet demand remained stable for most car types. Utilization of the combined fleet remained high at 98.0% at quarter end, while the renewal lease rate change of GATX’s Lease Price Index was 16.8% with an average renewal term of 54 months. Also, our second-quarter renewal success rate was strong at 82.6%. Our team has done an outstanding job integrating the Wells Fargo Rail fleet, and we are seeing incremental benefits related to the acquisition, both commercially and operationally. We did experience an abnormally high volume of railcar renewals in sand service during the quarter, including some carried over from the period immediately following the acquisition, which placed pressure on second-quarter LPI. Demand for railcars in the secondary market was very strong, as we continue to see robust interest in GATX assets from a broad and deep buyer universe. We generated $67.7 million of gains on asset dispositions in the quarter, bringing our year-to-date total to $117.5 million.

"At Rail International, GATX Rail Europe's fleet utilization was 95.3% at quarter end, a modest increase from the previous quarter and a very positive outcome given the generally tepid economic conditions across Europe. GATX Rail India's fleet remains fully utilized, reflecting robust demand for railcars in India."

Mr. Lyons added, "Engine Leasing performed well as demand for aircraft spare engines remains strong. Global air passenger traffic trends have remained healthy year to date despite the ongoing conflict in the Middle East. We continue to


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identify attractive aircraft engine investment opportunities, with the RRPF affiliates investing over $660 million year to date."

Mr. Lyons concluded, "We are increasing our 2026 full-year earnings estimate to be in the range of $9.90 – $10.30 per diluted share. This increase reflects several positive factors: strong operating performance and contributions from each of our segments year to date, favorable supply-demand dynamics that are driving the North American rail market, the pace of integration and positive impacts generated by the Wells Fargo Rail acquisition, and the expectation that our teams across GATX will continue executing at a high level. Combined with disciplined investment in our core markets, we believe we are well-positioned to continue generating attractive growth and returns for our shareholders."

RAIL NORTH AMERICA
Rail North America reported segment profit of $118.5 million in the second quarter of 2026, compared to $96.6 million in the second quarter of 2025. Year to date 2026, Rail North America reported segment profit of $222.4 million, compared to $185.4 million in the same period of 2025. Higher 2026 second-quarter and year-to-date results were driven by higher revenues and higher gains on asset dispositions, partly offset by higher interest, depreciation and maintenance expenses.

As of June 30, 2026, Rail North America’s fleet totaled approximately 201,800 cars, including over 9,100 boxcars. The following fleet statistics and performance discussion exclude the boxcar fleet.

Fleet utilization was 98.0% at the end of the second quarter of 2026, compared to 98.1% at the end of the prior quarter, driven by the acquisition of the Wells Fargo Rail's fleet, and 99.2% at the end of the second quarter of 2025. During the second quarter of 2026, the renewal lease rate change of the Lease Price Index (LPI) was positive 16.8%, compared to 22.3% in the prior quarter and 24.2% in the second quarter of 2025. The average lease renewal term for all cars included in the LPI during the second quarter of 2026 was 54 months, compared to 56 months in the prior quarter and 60 months in the second quarter of 2025. The 2026 second-quarter renewal success rate was 82.6%, compared to 79.1% in the prior quarter and 84.2% in the second quarter of 2025. Rail North America’s investment volume during the second quarter of 2026 was $147.1 million.

Additional fleet statistics, including information on the boxcar fleet, and macroeconomic data related to Rail North America’s business are provided in the attached Supplemental Information under Rail North America Statistics.

RAIL INTERNATIONAL
Rail International’s segment profit was $31.6 million in the second quarter of 2026, compared to $32.2 million in the second quarter of 2025. Year to date 2026, Rail International reported segment profit of $63.2 million, compared to $57.9 million in the same period of 2025. 2026 second-quarter and year-to-date results were favorably impacted by more railcars on lease, including railcars acquired from DB Cargo in a sale-leaseback transaction, and negatively impacted by higher depreciation and interest expenses.


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As of June 30, 2026, GATX Rail Europe’s (GRE) fleet consisted of approximately 36,700 cars. Fleet utilization was 95.3%, compared to 94.7% at the end of the prior quarter and 93.3% at the end of the second quarter of 2025.

As of June 30, 2026, Rail India's fleet consisted of over 12,800 railcars. Fleet utilization was 100.0%, compared to 100.0% at the end of the prior quarter and 99.6% at the end of the second quarter of 2025.

Rail International’s investment volume during the second quarter of 2026 was $45.6 million.

Additional fleet statistics for GRE and Rail India are provided on the last page of this press release.

ENGINE LEASING
Engine Leasing reported segment profit of $66.4 million in the second quarter of 2026, compared to segment profit of $27.3 million in the second quarter of 2025. Year to date 2026, segment profit was $101.7 million, compared to segment profit of $65.9 million in the same period of 2025.

Higher 2026 second-quarter and year-to-date results were primarily driven by strong performance at the Rolls-Royce and Partners Finance (RRPF) affiliates. In the second quarter of 2026, both operating and remarketing income at RRPF were higher compared with the same period in 2025.

As of June 30, 2026, RRPF's portfolio, 50% of which is owned by GATX, consisted of 468 aircraft engines.

As of June 30, 2026, GATX Engine Leasing, the Company’s wholly owned engine portfolio, consisted of 46 aircraft engines.

COMPANY DESCRIPTION
At GATX Corporation (NYSE:GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chicago, Illinois since its founding in 1898, GATX has paid a quarterly dividend, uninterrupted, since 1919.




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TELECONFERENCE INFORMATION
GATX Corporation will host a teleconference to discuss its 2026 second-quarter results. Call details are as follows:

Thursday, July 30, 2026
11 a.m. Eastern Time
Domestic Dial-In: 1-833-461-5787
International Dial-In: 1-585-542-9983
Access Code: 580 832 623
Replay: The replay will be available at www.gatx.com

Call-in details, a copy of this press release and real-time audio access are available at www.gatx.com. Please access the call 15 minutes prior to the start time. A replay will be available on the same site starting at 2 p.m. (Eastern Time) on July 30, 2026.

AVAILABILITY OF INFORMATION ON GATX'S WEBSITE
Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on www.gatx.com under the “Investor Relations” tab.














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FORWARD-LOOKING STATEMENTS

Statements in this Earnings Release not based on historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and, accordingly, involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance, or achievements to differ materially from those discussed. These include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects, or future events. In some cases, forward-looking statements can be identified by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “continue,” “likely,” “will,” “would”, and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made, and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements, except to the extent required by applicable law.

The following factors, in addition to those discussed in our press releases and filings with the U.S. Securities and Exchange Commission, could cause actual results to differ materially from our current expectations expressed in forward-looking statements:


a significant decline in customer demand for our transportation assets or services, including as a result of:
prolonged inflation or deflation
high interest rates
weak macroeconomic conditions and world trade policies
weak market conditions in our customers' businesses
adverse changes in the price of, or demand for, commodities
changes in, or disruptions to, supply chains
availability of pipelines, trucks, and other alternative modes of transportation
changes in conditions affecting the aviation industry, including geopolitical tensions or conflicts (such as hostilities in the Middle East), geographic exposure, customer concentrations and energy costs
customers' desire to buy, rather than lease, our transportation assets
other operational or commercial needs or decisions of our customers
reduced demand for our rail assets resulting from a change in pricing, service offerings, or operating conditions of North American railroads
competitive factors in our primary markets
threatened or implemented changes in tariffs or other global trade policies
higher costs associated with increased assignments of our transportation assets following non-renewal of leases or a significant increase in compliance-based maintenance events
events having an adverse impact on assets, customers, or regions where we have a concentrated investment exposure
financial and operational risks associated with long-term purchase commitments for transportation assets
reduced opportunities to generate asset remarketing income
inability to successfully consummate and manage ongoing acquisition and divestiture activities, including the recent acquisition of the Wells Fargo fleet
reliance on Rolls-Royce in connection with our aircraft spare engine leasing businesses

U.S. and global political conditions and the impact of increased geopolitical tension, civil unrest and armed conflict, including the war with Iran, on domestic and global economic conditions
potential obsolescence of our assets
risks related to our international operations and expansion into new geographic markets, including laws, regulations, tariffs, taxes, treaties or trade barriers affecting our activities in the countries where we do business
failure to successfully negotiate collective bargaining agreements with the unions representing a substantial portion of our employees
inability to attract, retain, and motivate qualified personnel, including key management personnel
inability to protect our information technology from cybersecurity threats
risks posed by artificial intelligence
exposure to damages, fines, criminal and civil penalties, and reputational harm arising from a negative outcome in litigation, including claims arising from an accident involving transportation assets
changes in, or failure to comply with, laws, rules, and regulations
environmental liabilities and remediation costs
operational, functional and regulatory risks associated with climate change, severe weather events, and other environmental concerns
risks associated with sustainability concerns
prolonged inflation or deflation or interest rate increases
deterioration of conditions in the capital markets, reductions in our credit ratings, or increases in our financing costs
fluctuations in foreign exchange rates
inability to obtain cost-effective insurance
changes in assumptions, increases in funding requirements or investment losses in our pension and post-retirement plans
inadequate allowances to cover credit losses in our portfolio
asset impairment charges we may be required to recognize
inability to maintain effective internal control over financial reporting and disclosure controls and procedures
risks of a widespread health crisis







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FOR FURTHER INFORMATION CONTACT:
GATX Corporation
Shari Hellerman
Vice President, Investor Relations and Corporate Communications
312-621-4285
shari.hellerman@gatx.com


(07/30/2026)




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GATX CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In millions, except per share data)
 
Three Months Ended
June 30
Six Months Ended
June 30
2026202520262025
Revenues
Lease revenue
$508.4 $368.8 $1,027.1 $728.4 
Non-dedicated engine revenue
20.6 20.5 42.7 42.0 
Other revenue
51.1 41.2 94.0 81.7 
Total Revenues
580.1 430.5 1,163.8 852.1 
Expenses
Maintenance expense
151.8 104.5 292.5 208.0 
Depreciation expense
166.5 106.9 335.7 210.5 
Operating lease expense
7.4 7.1 14.8 14.7 
Other operating expense
24.8 16.5 46.6 32.5 
Selling, general and administrative expense
69.2 58.2 140.5 114.8 
Total Expenses
419.7 293.2 830.1 580.5 
Other Income (Expense)
Net gain on asset dispositions
69.7 40.5 120.7 73.9 
Interest expense, net
(143.0)(96.2)(294.0)(191.1)
Other income (expense)
12.7 (1.1)18.9 (3.8)
Income before Income Taxes and Share of Affiliates’ Earnings
99.8 80.5 179.3 150.6 
Income taxes
(26.0)(21.0)(47.2)(37.6)
Share of affiliates’ earnings, net of taxes
37.2 16.0 58.0 41.1 
Net Income
111.0 75.5 190.1 154.1 
Less: Net Income Attributable to Non-Controlling Interest 7.6 — 1.2 — 
Net Income Attributable to GATX$103.4 $75.5 $188.9 $154.1 
GATX Share Data
Basic earnings per share
$2.85 $2.07 $5.20 $4.22 
Average number of common shares
35.7 35.9 35.7 35.9 
Diluted earnings per share
$2.84 $2.06 $5.19 $4.21 
Average number of common shares and common share equivalents
35.8 35.9 35.8 36.0 
Dividends declared per common share
$0.66 $0.61 $1.32 $1.22 












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GATX CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(In millions)
 
June 30December 31
20262025
Assets
Cash and Cash Equivalents
$747.1 $743.0 
Restricted Cash
0.1 4,241.9 
Receivables
Rent and other receivables
157.4 109.0 
Finance leases (as lessor)
191.2 104.2 
Less: allowance for losses
(6.2)(6.0)
342.4 207.2 
Operating Assets and Facilities
19,695.8 15,662.6 
Less: allowance for depreciation
(4,426.1)(4,251.7)
15,269.7 11,410.9 
Lease Assets (as lessee)
Right-of-use assets, net of accumulated depreciation
127.5 137.4 
Investments in Affiliated Companies
721.9 732.3 
Goodwill
123.4 126.3 
Other Assets
388.8 400.5 
Total Assets
$17,720.9 $17,999.5 
Liabilities and Equity
Accounts Payable and Accrued Expenses
$279.2 $318.4 
Debt
Borrowings under bank credit facilities
44.0 82.2 
Recourse debt
12,289.3 12,451.7 
12,333.3 12,533.9 
Lease Obligations (as lessee)
Operating leases
143.8 154.3 
Deferred Income Taxes
1,232.3 1,195.7 
Other Liabilities
142.4 162.1 
Total Liabilities
14,131.0 14,364.4 
Total GATX Shareholders’ Equity
2,784.4 2,750.5 
Non-Controlling Interest
805.5 884.6 
Total Equity
3,589.9 3,635.1 
Total Liabilities and Equity
$17,720.9 $17,999.5 




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GATX CORPORATION AND SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Three Months Ended June 30, 2026
(In millions)


Rail North America

Rail International
Engine LeasingOtherGATX Consolidated
Revenues
Lease revenue
$391.0 $100.3 $8.8 $8.3 $508.4 
Non-dedicated engine revenue
— — 20.6 — 20.6 
Other revenue
44.0 5.3 — 1.8 51.1 
Total Revenues
435.0 105.6 29.4 10.1 580.1 
Expenses
Maintenance expense
131.8 19.2 — 0.8 151.8 
Depreciation expense
124.0 27.9 10.6 4.0 166.5 
Operating lease expense
7.4 — — — 7.4 
Other operating expense
15.8 4.9 3.0 1.1 24.8 
Total Expenses
279.0 52.0 13.6 5.9 350.5 
Other Income (Expense)
Net gain on asset dispositions
67.7 2.0 — — 69.7 
Interest expense, net
(103.7)(23.9)(12.7)(2.7)(143.0)
Other (expense) income
(1.5)(0.1)13.7 0.6 12.7 
Share of affiliates' pre-tax earnings
— — 49.6 — 49.6 
Segment Profit
$118.5 $31.6 $66.4 $2.1 $218.6 
Less:
Selling, general and administrative expense
69.2 
Income taxes (includes $12.4 related to affiliates' earnings)
38.4 
  Net Income
111.0 
  Less: Net Income Attributable to Non-Controlling Interest7.6 
  Net Income Attributable to GATX$103.4 
Selected Data:
Investment volume
$147.1 $45.6 $— $7.8 $200.5 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$58.3 $0.8 $— $— $59.1 
Residual sharing income
0.1 — — — 0.1 
Non-remarketing net gains (1)
9.3 1.2 — — 10.5 
$67.7 $2.0 $— $— $69.7 
_________
(1) Includes net gains from scrapping of railcars.










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GATX CORPORATION AND SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Three Months Ended June 30, 2025
(In millions)


Rail North America

Rail International
Engine LeasingOtherGATX Consolidated
Revenues
Lease revenue
$262.8 $89.6 $8.1 $8.3 $368.8 
Non-dedicated engine revenue
— — 20.5 — 20.5 
Other revenue
32.9 6.2 — 2.1 41.2 
Total Revenues
295.7 95.8 28.6 10.4 430.5 
Expenses
Maintenance expense
84.3 18.9 — 1.3 104.5 
Depreciation expense
71.7 21.7 9.5 4.0 106.9 
Operating lease expense
7.1 — — — 7.1 
Other operating expense
7.8 4.9 2.9 0.9 16.5 
Total Expenses
170.9 45.5 12.4 6.2 235.0 
Other Income (Expense)
Net gain on asset dispositions
39.1 1.4 — — 40.5 
Interest expense, net
(64.4)(20.0)(11.6)(0.2)(96.2)
Other (expense) income
(2.8)0.5 0.1 1.1 (1.1)
Share of affiliates' pre-tax (losses) earnings
(0.1)— 22.6 — 22.5 
Segment Profit
$96.6 $32.2 $27.3 $5.1 $161.2 
Less:
Selling, general and administrative expense58.2 
Income taxes (includes $6.5 related to affiliates' earnings)
27.5 
  Net Income
75.5 
  Less: Net Income Attributable to Non-Controlling Interest— 
  Net Income Attributable to GATX$75.5 
Selected Data:
Investment volume$132.2 $81.1 $— $5.7 $219.0 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets$34.1 $— $— $— $34.1 
    Residual sharing income0.2 — — — 0.2 
   Non-remarketing net gains (1)4.8 1.4 — — 6.2 
$39.1 $1.4 $— $— $40.5 
__________
(1) Includes net gains from scrapping of railcars.











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GATX CORPORATION AND SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Six Months Ended June 30, 2026
(In millions)


Rail North America

Rail International
Engine LeasingOtherGATX Consolidated
Revenues
Lease revenue
$791.7 $200.7 $18.3 $16.4 $1,027.1 
Non-dedicated engine revenue
— — 42.7 — 42.7 
Other revenue
80.0 10.1 — 3.9 94.0 
Total Revenues
871.7 210.8 61.0 20.3 1,163.8 
Expenses
Maintenance expense
252.4 38.3 — 1.8 292.5 
Depreciation expense
250.7 55.7 21.2 8.1 335.7 
Operating lease expense
14.8 — — — 14.8 
Other operating expense
28.9 10.2 6.1 1.4 46.6 
Total Expenses
546.8 104.2 27.3 11.3 689.6 
Other Income (Expense)
Net gain on asset dispositions
117.5 3.1 — 0.1 120.7 
Interest expense, net
(217.7)(48.9)(26.0)(1.4)(294.0)
Other (expense) income
(2.3)2.4 16.8 2.0 18.9 
Share of affiliates' pre-tax earnings
— — 77.2 — 77.2 
Segment Profit
$222.4 $63.2 $101.7 $9.7 $397.0 
Less:
Selling, general and administrative expense
140.5 
Income taxes (includes $19.2 related to affiliates' earnings)
66.4 
  Net Income
190.1 
  Less: Net Income Attributable to Non-Controlling Interest 1.2 
  Net Income Attributable to GATX$188.9 
Selected Data:
Investment volume
$4,611.3 $93.0 $0.2 $16.0 $4,720.5 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$102.3 $0.8 $— $0.1 $103.2 
Residual sharing income
0.2 — — — 0.2 
Non-remarketing net gains (1)
16.7 2.3 — — 19.0 
Asset impairments
(1.7)— — — (1.7)
$117.5 $3.1 $— $0.1 $120.7 
_________
(1) Includes net gains from scrapping of railcars.











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GATX CORPORATION AND SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Six Months Ended June 30, 2025
(In millions)


Rail North America

Rail International
Engine LeasingOtherGATX Consolidated
Revenues
Lease revenue
$522.8 $173.2 $16.2 $16.2 $728.4 
Non-dedicated engine revenue
— — 42.0 — 42.0 
Other revenue
66.2 11.1 — 4.4 81.7 
Total Revenues
589.0 184.3 58.2 20.6 852.1 
Expenses
Maintenance expense
168.0 37.4 — 2.6 208.0 
Depreciation expense
142.1 41.8 18.9 7.7 210.5 
Operating lease expense
14.7 — — — 14.7 
Other operating expense
15.3 9.5 5.7 2.0 32.5 
Total Expenses
340.1 88.7 24.6 12.3 465.7 
Other Income (Expense)
Net gain on asset dispositions
71.2 2.7 — — 73.9 
Interest (expense) income, net
(129.1)(39.1)(23.8)0.9 (191.1)
Other (expense) income
(5.5)(1.3)0.1 2.9 (3.8)
Share of affiliates' pre-tax (losses) earnings
(0.1)— 56.0 — 55.9 
Segment Profit
$185.4 $57.9 $65.9 $12.1 $321.3 
Less:
Selling, general and administrative expense
114.8 
Income taxes (includes $14.8 related to affiliates' earnings)
52.4 
  Net Income
154.1 
  Less: Net Income Attributable to Non-Controlling Interest— 
  Net Income Attributable to GATX$154.1 
Selected Data:
Investment volume
$359.9 $143.8 $— $11.6 $515.3 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$64.6 $0.6 $— $— $65.2 
Residual sharing income
0.3 — — — 0.3 
Non-remarketing net gains (1)
9.9 2.1 — — 12.0 
Asset impairments
(3.6)— — — (3.6)
$71.2 $2.7 $— $— $73.9 
_________
(1) Includes net gains from scrapping of railcars.



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GATX CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION (UNAUDITED)
(In millions, except leverage)

6/30/20263/31/202612/31/20259/30/20256/30/2025
Total Assets, Excluding Cash, by Segment
Rail North America$12,068.4 $12,242.6 $7,969.0 $7,865.3 $7,886.8 
Rail International2,729.1 2,738.0 2,825.1 2,522.9 2,514.9 
Engine Leasing1,763.3 1,805.3 1,786.9 1,805.9 1,626.5 
Other412.9 417.3 433.6 415.3 416.8 
Total Assets, excluding cash$16,973.7 $17,203.2 $13,014.6 $12,609.4 $12,445.0 
Debt and Lease Obligations, Net of Unrestricted Cash
Unrestricted cash$(747.1)$(740.9)$(743.0)$(696.1)$(754.6)
Borrowings under bank credit facilities44.0 49.7 82.2 117.3 106.1 
Recourse debt12,289.3 12,427.3 12,451.7 8,751.3 8,741.3 
Operating lease obligations143.8 150.9 154.3 160.7 168.4 
Total debt and lease obligations, net of unrestricted cash$11,730.0 $11,887.0 $11,945.2 $8,333.2 $8,261.2 
Total recourse debt (1)$11,730.0 $11,887.0 $11,945.2 $8,333.2 $8,261.2 
Total equity$3,589.9 $3,656.2 $3,635.1 $2,718.9 $2,669.7 
Recourse Leverage (2)3.3 3.3 3.3 3.1 3.1 
 _________
(1) Includes recourse debt, borrowings under bank credit facilities, and operating lease obligations, net of unrestricted cash.
(2) Calculated as total recourse debt / total equity.
Reconciliation of Total Assets to Total Assets, Excluding Cash
Total Assets$17,720.9 $17,944.2 $17,999.5 $13,305.8 $13,200.2 
Less: cash(747.2)(741.0)(4,984.9)(696.4)(755.2)
Total Assets, excluding cash$16,973.7 $17,203.2 $13,014.6 $12,609.4 $12,445.0 




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 GATX CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION (UNAUDITED)
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6/30/20263/31/202612/31/20259/30/20256/30/2025
Rail North America Statistics
Lease Price Index (LPI) (1)
Average renewal lease rate change16.8 %22.3 %21.9 %22.8 %24.2 %
Average renewal term (months)54 56 58 60 60 
Renewal Success Rate (2)82.6 %79.1 %91.4 %87.1 %84.2 %
Fleet Rollforward (3)
Beginning balance196,233 100,593 101,288 102,317 103,310 
Railcars added690 98,535 920 366 595 
Railcars scrapped(878)(1,355)(898)(478)(614)
Railcars sold(3,407)(1,540)(717)(917)(974)
Ending balance192,638 196,233 100,593 101,288 102,317 
Utilization98.0 %98.1 %99.0 %98.9 %99.2 %
Average active railcars190,587 193,195 99,999 100,896 102,073 
Boxcar Fleet Rollforward
Beginning balance9,888 7,032 7,478 7,621 7,990 
Railcars added— 3,411 172 27 
Railcars scrapped(251)(266)(365)(285)(396)
Railcars sold(501)(289)(82)(30)— 
Ending balance9,136 9,888 7,032 7,478 7,621 
Utilization97.1 %97.6 %97.1 %96.9 %98.7 %
Average active railcars9,152 9,895 7,206 7,391 7,773 
Rail North America Industry Statistics
Manufacturing Capacity Utilization Index (4)76.1 %75.5 %75.7 %76.1 %77.8 %
Year-over-year Change in U.S. Carloadings (excl. intermodal) (5)3.2 %4.2 %1.5 %2.1 %2.4 %
Year-over-year Change in U.S. Carloadings (chemical) (5)2.9 %3.8 %0.8 %1.5 %1.6 %
Year-over-year Change in U.S. Carloadings (petroleum) (5)7.4 %7.3 %(1.6)%(1.2)%(0.9)%
Production Backlog at Railcar Manufacturers (6)23,427 23,128 23,431 25,687 29,871 
_________
(1) GATX's Lease Price Index (LPI) is an internally-generated business indicator that measures renewal activity for our North American railcar fleet, excluding boxcars. The LPI calculation includes all renewal activity based on a 12-month trailing average, and the renewals are weighted by the count of all renewals over the 12-month period. The average renewal lease rate change is reported as the percentage change between the average renewal lease rate and the average expiring lease rate. The average renewal lease term is reported in months and reflects the average renewal lease term in the LPI.
(2) The renewal success rate represents the percentage of railcars on expiring leases that were renewed with the existing lessee. The renewal success rate is an important metric because railcars returned by our customers may remain idle or incur additional maintenance and freight costs prior to being leased to new customers.
(3) Excludes boxcar fleet.
(4) As reported and revised by the Federal Reserve.
(5) As reported by the Association of American Railroads (AAR).
(6) As reported by the Railway Supply Institute (RSI).










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SUPPLEMENTAL INFORMATION (UNAUDITED)
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6/30/20263/31/202612/31/20259/30/20256/30/2025
Rail Europe Statistics
Fleet Rollforward
Beginning balance36,651 36,484 30,572 30,492 30,223 
Railcars added229 355 6,145 328 579 
Railcars scrapped or sold(162)(188)(233)(248)(310)
Ending balance36,718 36,651 36,484 30,572 30,492 
Utilization95.3 %94.7 %94.7 %93.7 %93.3 %
Average active railcars34,868 34,588 32,671 28,592 28,572 
Rail India Statistics
Fleet Rollforward
Beginning balance12,508 12,165 11,712 11,112 10,895 
Railcars added343 343 453 600 217 
Ending balance12,851 12,508 12,165 11,712 11,112 
Utilization100.0 %100.0 %100.0 %100.0 %99.6 %
Average active railcars12,692 12,275 11,905 11,363 10,945