Costamare Reports Growth in Quarterly Assets

Costamare (CMRE) has released an update.

Costamare Inc. has shown an increase in total assets from $5.287 billion on December 31, 2023, to $5.350 billion on March 31, 2024, according to their unaudited interim consolidated balance sheets. This financial growth is reflected by the rise in cash equivalents and restricted cash, despite minor fluctuations in other asset categories. The company’s stockholders’ equity also saw an increase, indicating a positive direction for the shipping giant.

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