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Costamare Inc
NYSE:CMRE

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Costamare Inc
NYSE:CMRE
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Price: 17.47 USD 2.28% Market Closed
Market Cap: $2.1B

Costamare Inc
Investor Relations

Costamare Inc., a global leader in the maritime transport industry, navigates the complex waters of global commerce with precision and a strategic mindset honed over decades. Since its establishment in the 1970s, Costamare has embarked on a voyage of persistent growth, becoming one of the world's largest owners and charterers of containerships. The company's fleet, a diverse array of vessels spanning various sizes, connects continents, facilitating the movement of goods across the globe. This fleet, continually modernized and expanded, positions Costamare to capitalize on the ebbs and flows of global trade, providing essential services to a wide range of global liners. The company's successful navigation through turbulent market conditions speaks to its adeptness in managing both the operational and financial facets of its business, with long-term charter agreements buttressing its income against market volatility.

Central to Costamare's business model is its dual role as both owner and charterer, which allows the company to generate steady revenue streams by leasing its vessels on time-charter and voyage-charter agreements. This model ensures a consistent flow of income while enabling the company to exploit market opportunities as they arise. Central to this strategy is the strategic maintenance of its fleet, ensuring high efficiency and compliance with international maritime standards. Costamare's earnings are further supplemented by competitive liner services, which provide door-to-door transportation solutions. These services are carefully aligned with the company's operational capabilities, enhancing its competitive edge and securing its position in the industry. Through these meticulously orchestrated operations, Costamare has cemented its reputation as a foundational pillar in global maritime logistics.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 18, 2026
AI Summary
Q4 2025

Net Income: Costamare reported net income of about $73 million for Q4 and $370 million for the full year.

Strong Liquidity: The company ended the year with liquidity of $590 million.

Contracted Revenue: Total contracted revenues reached $3.4 billion, with forward charter coverage of 96% for 2026 and 92% for 2027.

Fleet Utilization: The idle fleet is less than 1%, reflecting strong demand and a tight charter market.

Long-term Charters: 12 vessels were forward chartered, adding $940 million in incremental contracted revenue with an average duration of 6 years.

Low Leverage: Management emphasized prudent debt management, low leverage, and no plans for early debt repayment.

Dividend Consistency: The company highlighted a long, uninterrupted dividend track record.

Key Financials
Net Income
$73 million
Net Income
$370 million
Liquidity
$590 million
Adjusted Net Income
$376 million
Adjusted Net Income per Share
$3.12
Adjusted Net Income
$72 million
Adjusted Net Income per Share
$0.60
Incremental Contracted Revenues from New Charters
$940 million
Total Contracted Revenues
$3.4 billion
Fleet Deployment 2026
96%
Fleet Deployment 2027
92%
Remaining Time Charter Duration
4.5 years
Idle Fleet
less than 1%
Industry Idle Fleet
0.5%
NML Assets Funded or Committed
54 assets
NML Total Investments and Commitments
$665 million
NML Investment Commitment
$250 million
NML Invested to Date
$180 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Konstantinos V. Konstantakopoulos
Chairman & CEO
No Bio Available
Mr. Gregory G. Zikos
CFO & Director
No Bio Available
Mr. Anastasios Gabrielides
General Counsel & Secretary
No Bio Available
Mr. Peter Lund
Chief Commercial Officer
No Bio Available

Contacts

Address
Monaco
7 Rue Du Gabian
Contacts
+37793250940.0
www.costamare.com
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