Costamare Inc. owns and charters containerships to liner companies worldwide. As of June 14, 2021, it had a fleet of 81 containerships with a total capacity of approximately 581,000 twenty foot equivalent units and 16 dry bulk vessels with a total capacity of approximately 932,000 DWT. The company was founded in 1974 and is based in Monaco.
IPO Year: 2010
Exchange: NYSE
Website: costamare.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/24/2023 | $15.00 → $10.00 | Buy → Hold | Jefferies |
| 1/13/2023 | $12.50 → $11.00 | Buy → Hold | Stifel |
| 7/21/2022 | $19.00 | Buy | Jefferies |
MONACO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced the election of two Class II directors at the Company's virtual annual meeting of stockholders held today. The elected Class II directors are Gregory Zikos and Vagn Lehd Møller who were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their successors have been duly elected and qualified. Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending Dece
MONACO, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced the election of one Class I director at the Company's virtual annual meeting of stockholders held today. The elected Class I director is Konstantinos Zacharatos who was elected to hold office for a term ending at the annual meeting of stockholders in 2026 and until his successor has been duly elected and qualified. Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending December 31, 2023. About
MONACO, July 05, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company", "Costamare") (NYSE:CMRE) has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his position with Costamare in October 2023. Mr. Lund is currently Vice President, Head of Chartering of A.P. Moller-Maersk in Copenhagen, and has worked for a total of 24 years in the A.P. Moller group of companies in different geographic locations. Konstantinos Konstantakopoulos, Chairman and Chief Executive Officer of Costamare, commented: "We are very pleased to welcome back Mr. Lund as the new Chief Commercial Officer of our company. His broad international shipping background and detailed knowledge of sever
MONACO, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced the election of two Class III directors at the Company's annual meeting of stockholders held in Monaco today. The elected Class III directors are Konstantinos Konstantakopoulos and Charlotte Stratos. Each Class III director was elected to hold office for a term ending at the annual meeting of stockholders in 2025 and until his or her successor has been duly elected and qualified. Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's indepen
MONACO, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced the election of two Class II directors at the Company's annual meeting of stockholders held virtually today. The elected Class II directors are Gregory Zikos and Vagn Lehd Møller. Each Class II director was elected to hold office for a term ending at the annual meeting of stockholders in 2024 and until his successor has been duly elected and qualified. Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fisca
MONACO, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) (NYSE: CMRE PR B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”) (NYSE: CMRE PR C), US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) (NYSE: CMRE PR D) and US $0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the “Series E Preferred Stock”) (NYSE: CMRE PR
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MONACO, May 08, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the first quarter ended March 31, 2025 ("Q1 2025"). I. PROFITABILITY AND LIQUIDITY Q1 2025 Net Income available to common stockholders of $95.0 million ($0.79 per share).Q1 2025 Adjusted Net Income available to common stockholders1 of $73.3 million ($0.61 per share).Q1 2025 liquidity of $1,022.6 million2. II. COMPLETION OF SPIN-OFF OF COSTAMARE'S DRY BULK BUSINESS As announced on May 7, 2025, the spin-off of Costamare's dry bulk business into a standalone public company (the "Spin-Off") was completed on May 6, 2025, by way of a pro ra
MONACO , May 07, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company") announced today that it has completed the spin-off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Limited ("Costamare Bulkers"). Each holder of Costamare Inc. common shares received one common share of Costamare Bulkers Holdings Limited for every five Costamare Inc. common shares held as of the close of business on April 29, 2025. The successful execution of the Costamare Bulkers spin-off transforms Costamare Inc. into a predominantly global container shipping provider, while still maintaining its presence in Neptune Maritime Leasing. Costamare Bulkers shares will b
Earnings Release: Thursday, May 8, 2025, Before Market OpensConference Call and Webcast: Thursday, May 8, 2025, at 8:30 a.m. ET MONACO, May 06, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company"), announced today that it will release its results for the first quarter ended March 31, 2025 before the market opens in New York on May 8, 2025. Conference Call Details: On Thursday, May 8, 2025 at 8:30 a.m. ET, Costamare's management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-844-887-9405 (from the US), 0808-238-9064 (from the UK) or +1-412-317-92
Record date set for April 29, 2025Distribution date for Costamare Bulkers shares anticipated to be May 6, 2025 MONACO, April 17, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company") today announced that its Board of Directors has approved the previously announced spin-off of its dry bulk business into a standalone company, Costamare Bulkers Holdings Limited ("Costamare Bulkers"). The Company expects to complete the transaction, by way of a pro rata distribution to Costamare Inc. shareholders, on May 6, 2025. Additional information regarding Costamare Bulkers and the proposed spin-off transaction may be found in the Registration Statement on Form 20-F (the "Registration Sta
MONACO, April 08, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company") announces Conference Call Details for the virtual Analyst and Investor Day that the incoming management team of Costamare Bulkers Holdings Limited ("Costamare Bulkers") will host on Wednesday April 9, 2025, at 9:00 a.m. Eastern Daylight Time. Costamare Bulkers is the new company that will hold Costamare Inc.'s owned dry bulk vessels and the CBI operating platform upon completion of Costamare Inc.'s previously announced spin-off of its dry bulk business. Conference Call Details: On Wednesday, April 9, 2025 at 9:00 a.m. ET, the incoming management team of Costamare Bulkers will hold a conference call
MONACO, April 02, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE:CMRE), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") (NYSE:CMRE) and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") (NYSE:CMRE). The dividend for the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock is for the period from January 15, 2025 to April 14
MONACO, March 31, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company") today announced that the incoming management team of Costamare Bulkers Holdings Limited ("Costamare Bulkers") will host a virtual Analyst and Investor Day on Wednesday April 9th, 2025, at 9:00 a.m. Eastern Daylight Time. Costamare Bulkers is the new company that will hold Costamare Inc.'s owned dry bulk vessels and the CBI operating platform upon completion of Costamare Inc.'s previously announced spin-off of its dry bulk business. The Costamare Bulkers presenting team will be led by Gregory Zikos serving as Chief Executive Officer, in addition to his role as Chief Financial Officer of Costamare Inc. The
MONACO, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) today announced its intent to spin-off the Company's dry bulk business into a standalone company, Costamare Bulkers Holdings Limited. The planned spin-off will result in two separate, publicly traded companies: Costamare Inc. will remain a global container shipping provider, retaining the owned container vessels and Neptune Maritime Leasing Limited businessesCostamare Bulkers Holdings Limited will be an international owner and operator of dry bulk vessels and will hold the owned dry bulk vessels and the CBI operating platform The Costamare Inc. board believes the proposed separation will unlock the inherent value within
MONACO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company", "we" or "our") (NYSE:CMRE) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2024 (the "Annual Report") has been filed with the U.S. Securities and Exchange Commission and can be accessed on the Company's website, www.costamare.com, in the "Investors" section under "Annual Reports". Stockholders may also request a hard copy of the Annual Report, which includes the Company's complete 2024 audited financial statements, free of charge, by contacting the Company's investor relations manager at [email protected]. About Costamare Inc. Costamare Inc. is one of the world's leading ow
MONACO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the fourth quarter ("Q4 2024") and year ended December 31, 2024. I. PROFITABILITY AND LIQUIDITY FY 2024 Net Income available to common stockholders of $290.7 million ($2.44 per share).FY 2024 Adjusted Net Income available to common stockholders1 of $329.7 million ($2.76 per share).Q4 2024 Net Income available to common stockholders of $29.7 million ($0.25 per share).Q4 2024 Adjusted Net Income available to common stockholders1 of $82.3 million ($0.69 per share).Liquidity of $941.6 million2. II. OWNED FLEET CHARTER UPDATE3 - FULLY EMPLOYED CON
Jefferies downgraded Costamare from Buy to Hold and set a new price target of $10.00 from $15.00 previously
Stifel downgraded Costamare from Buy to Hold and set a new price target of $11.00 from $12.50 previously
Jefferies initiated coverage of Costamare with a rating of Buy and set a new price target of $19.00
Citigroup reiterated coverage of Costamare with a rating of Buy and set a new price target of $12.50 from $11.50 previously
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6-K - Costamare Inc. (0001503584) (Filer)
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MONACO, May 08, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the first quarter ended March 31, 2025 ("Q1 2025"). I. PROFITABILITY AND LIQUIDITY Q1 2025 Net Income available to common stockholders of $95.0 million ($0.79 per share).Q1 2025 Adjusted Net Income available to common stockholders1 of $73.3 million ($0.61 per share).Q1 2025 liquidity of $1,022.6 million2. II. COMPLETION OF SPIN-OFF OF COSTAMARE'S DRY BULK BUSINESS As announced on May 7, 2025, the spin-off of Costamare's dry bulk business into a standalone public company (the "Spin-Off") was completed on May 6, 2025, by way of a pro ra
Earnings Release: Thursday, May 8, 2025, Before Market OpensConference Call and Webcast: Thursday, May 8, 2025, at 8:30 a.m. ET MONACO, May 06, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company"), announced today that it will release its results for the first quarter ended March 31, 2025 before the market opens in New York on May 8, 2025. Conference Call Details: On Thursday, May 8, 2025 at 8:30 a.m. ET, Costamare's management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-844-887-9405 (from the US), 0808-238-9064 (from the UK) or +1-412-317-92
MONACO, April 08, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the "Company") announces Conference Call Details for the virtual Analyst and Investor Day that the incoming management team of Costamare Bulkers Holdings Limited ("Costamare Bulkers") will host on Wednesday April 9, 2025, at 9:00 a.m. Eastern Daylight Time. Costamare Bulkers is the new company that will hold Costamare Inc.'s owned dry bulk vessels and the CBI operating platform upon completion of Costamare Inc.'s previously announced spin-off of its dry bulk business. Conference Call Details: On Wednesday, April 9, 2025 at 9:00 a.m. ET, the incoming management team of Costamare Bulkers will hold a conference call
MONACO, April 02, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE:CMRE), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") (NYSE:CMRE) and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") (NYSE:CMRE). The dividend for the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock is for the period from January 15, 2025 to April 14
MONACO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the fourth quarter ("Q4 2024") and year ended December 31, 2024. I. PROFITABILITY AND LIQUIDITY FY 2024 Net Income available to common stockholders of $290.7 million ($2.44 per share).FY 2024 Adjusted Net Income available to common stockholders1 of $329.7 million ($2.76 per share).Q4 2024 Net Income available to common stockholders of $29.7 million ($0.25 per share).Q4 2024 Adjusted Net Income available to common stockholders1 of $82.3 million ($0.69 per share).Liquidity of $941.6 million2. II. OWNED FLEET CHARTER UPDATE3 - FULLY EMPLOYED CON
Earnings Release: Wednesday, February 5, 2025, Before Market OpensConference Call and Webcast: Wednesday, February 5, 2025, at 8:30 a.m. ET MONACO, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the fourth quarter ended December 31, 2024 before the market opens in New York on February 5, 2025. Conference Call Details: On Wednesday, February 5, 2025 at 8:30 a.m. ET, Costamare's management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-844-887-9405 (from the US), 0808-238-9064 (from the UK) or +
MONACO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE:CMRE), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") (NYSE:CMRE) and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") (NYSE:CMRE). The dividend for the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock is for the period from October 15, 2024 to January 1
MONACO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the third quarter ("Q3 2024") and nine-months ended September 30, 2024. I. PROFITABILITY AND LIQUIDITY Q3 2024 Net Income available to common stockholders of $75.5 million ($0.63 per share).Q3 2024 Adjusted Net Income available to common stockholders1 of $80.7 million ($0.68 per share).Q3 2024 liquidity of $1,019.2 million2. II. SALE AND PURCHASE ACTIVITY Vessel Acquisitions Agreement for: the acquisition of the 2011-built, 179,546 DWT capacity dry bulk vessel, Nord Magnes (tbr. Magnes). Expected conclusion of the acquisition wit
Earnings Release: Friday, November 1, 2024, Before Market OpensConference Call and Webcast: Friday, November 1, 2024, at 8:30 a.m. ET MONACO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the third quarter ended September 30, 2024 before the market opens in New York on Friday, November 1, 2024. Conference Call Details: On Friday, November 1, 2024 at 8:30 a.m. ET, Costamare's management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-844-887-9405 (from the US), 0808-238-9064 (from the UK) or +1
MONACO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE:CMRE), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") (NYSE:CMRE) and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") (NYSE:CMRE). The dividend for the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock is for the period from July 15, 2024 to October 14,