Costamare Inc. reported a net income of $100.1 million, or $0.79 per share, for the first quarter ended March 31, 2025. This earnings report follows the successful completion of the spin-off of Costamare Bulkers on May 6, 2025, which has streamlined Costamare Inc.'s operations.
The company now operates as the sole shareholder of its 68 containerships and remains the controlling shareholder of Neptune Maritime Leasing. The containership fleet maintained strong employment, standing at 100% for 2025 and 73% for 2026. Total contracted revenues for the containership fleet amounted to $2.3 billion, with a remaining time charter duration of 3.3 years.
Neptune Maritime Leasing, Costamare's growing leasing platform, reported total investments and commitments exceeding $530 million. Income from investments in leaseback vessels increased to $5.7 million in Q1 2025, up from $5.3 million in Q1 2024, reflecting the platform's expanded operations.
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