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Costamare ( (CMRE) ) just unveiled an announcement.
Costamare Inc. announced its financial results for the fourth quarter and full year ending December 31, 2024, revealing a net income available to common stockholders of $290.7 million for the year and $29.7 million for the fourth quarter. The company reported significant liquidity of $941.6 million and has forward fixed 96% of its containership fleet for 2025. The Red Sea crisis impacted shipping routes, potentially affecting supply and demand dynamics. Costamare completed the acquisition of three dry bulk vessels and disposed of one, aligning with its strategy to renew and enhance its fleet size. The company successfully refinanced 36 dry bulk vessels without increasing leverage and maintained no significant debt maturities until 2027, while also engaging in a substantial leasing platform through Neptune Maritime Leasing.
More about Costamare
Costamare Inc. operates within the shipping industry, primarily focusing on containership and dry bulk vessel operations. The company is engaged in the ownership and operation of a diverse fleet of vessels, providing maritime transport services globally. With a strategic emphasis on its containership fleet, Costamare aims to maintain a significant market presence by securing long-term charter agreements and investing in fleet renewal.
YTD Price Performance: -8.17%
Average Trading Volume: 297,796
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.37B
For detailed information about CMRE stock, go to TipRanks’ Stock Analysis page.
