v3.25.2
Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
REVENUES:    
Income from investments in leaseback vessels $ 12,682 $ 11,419
Revenues 440,760 438,742
EXPENSES:    
Voyage expenses (23,383) (12,172)
Voyage expenses-related parties (Note 4) (5,819) (6,073)
Vessels’ operating expenses (79,171) (78,896)
General and administrative expenses (5,781) (5,555)
General and administrative expenses – related parties (Note 4) (4,294) (5,618)
Management fees-related parties (Note 4) (14,178) (14,241)
Amortization of dry-docking and special survey costs (Note 9) (9,530) (8,280)
Depreciation (Notes 8, 11 and 21) (63,492) (63,064)
Foreign exchange gains/(losses) 2,571 (2,700)
Operating income 237,683 242,143
OTHER INCOME / (EXPENSES):    
Interest income 11,779 16,546
Interest and finance costs (Note 17) (45,210) (55,097)
Income from equity method investments 0 42
Other, net 27 1,249
Gain / (loss) on derivative instruments, net (Note 19) 13,767 (3,212)
Total other expenses, net (19,637) (40,472)
Net income from continuing operations 218,046 201,671
Net Income / (Loss) from discontinued operations (Note 3) (27,547) 3,876
Net income 190,499 205,547
Net income attributable to the non-controlling interest (Notes 14 and 16) (1,677) (1,351)
Net income attributable to Costamare Inc. 188,822 204,196
Earnings allocated to Preferred Stock (Note 16) (10,402) (13,278)
Deemed dividend to Series E Preferred Stock 0 (5,446)
Net income available to Common Stockholders $ 178,420 $ 185,472
Earnings per common share, basic and diluted - Total (Note 16) (in dollars per share) $ 1.49 $ 1.56
Earnings per common share, basic and diluted – Continuing operations (Note 16) (in dollars per share) 1.71 1.53
Earnings / (losses) per common share, basic and diluted – Discontinued operations (Note 16) (in dollars per share) $ (0.23) $ 0.03
Weighted average number of shares, basic and diluted (Note 16) (in shares) 120,039,623 118,902,719
Nonrelated Party [Member]    
REVENUES:    
Total voyage revenue $ 428,078 $ 427,323