Costamare Stock Earnings Reports

Costamare reported third quarter 2025 net income of roughly $99 million (adjusted net income $98 million / $0.81 per share). The company remains the sole shareholder of 69 containerships after the spin-off and controls Neptune Maritime Leasing (NML). Key corporate actions: exercised options for two additional 3,100 TEU newbuilds (delivery Q1 2028) that will each commence an 8-year charter with a leading liner; acquired a 6,500 TEU vessel via a sale-and-leaseback likely chartered back to Maersk; fixed 8 vessels with forward starts (12–38 months), increasing contracted revenues by about $310 million. Fleet deployment is 100% for 2025 and 80% for 2026, with total contracted revenues of $2.6 billion and a TEU-weighted remaining charter duration of ~3.2 years. Liquidity is ~ $560 million; no major debt maturities until 2027; financing arranged for newbuilds. Neptune Maritime Leasing has funded/committed over $650 million across 50 shipping assets. Market commentary: containership charter rates are holding at healthy levels driven by a very low idle fleet (~0.9%), tight supply and steady demand, though freight (box) rates have been volatile and sustainability is uncertain given geopolitical factors. The company continues its dividend track record and remains active in both secondhand and newbuilding markets.