Costamare Inc (STU:LCM)

Q1 2025 Costamare Inc Earnings Call Transcript

May 8, 2025 / 12:30 PM GMT

Release Date Price: €6.13 (-12.43%)

Transcript

Key Points

Positve

Costamare Inc (CMRE) reported a strong net income of $95 million for the first quarter of 2025.
The company successfully completed the spinoff of Kostamare Parkers, allowing for distinct strategic initiatives in the container ship and dry bulk sectors.
The commercially idle fleet remains below 1%, indicating a fully employed market.
Total contracted revenues amount to $2.3 billion with an average remaining contract duration of 3.3 years.
The company has a strong liquidity position with about $1 billion available.

Negative

Geopolitical challenges and economic uncertainties are impacting global trade.
The cap and Panamax markets experienced a challenging start to the year.
Fleet redeployments and network reorganizations may initially result in inefficiencies.
The company has refinanced a vessel with no increased leverage but with a maturity extension, indicating potential future financial obligations.
The leasing platform's total investments and commitments are high, exceeding $530 million, which could pose financial risks.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CMRE.N - Costamare Inc
Q1 2025 Costamare Inc Earnings Call
May 08, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by, ladies and gentlemen, and welcome to the Costamare Inc conference call on the first quarter 2025 financial results. We have with us Mr. Gregory Zikos, Chief Financial Officer of the company. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question and answer session at which time, if you wish to ask a question, please press 1 on your telephone keypad and wait for your name to be announced.

I must advise you that this conference is being recorded today, Thursday, May 8th, 2025.

We would like to remind you that this conference call contains forward-looking statements.

Please take a moment to read slide number 2 of the presentation, which

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