Costamare Inc.

For Q1 2026, Costamare reported net income of about $75 million, or $0.62 per share, and adjusted net income of $76 million, or $0.63 per share. Total liquidity was about $640 million. Management said contracted revenues reached $6.2 billion and revenue days are fixed 97% for 2026 and 94% for 2027, with a TEU-weighted remaining charter duration of 6.1 years. Looking ahead, the company expects 16 newbuildings to deliver between Q4 2027 and Q2 2030, and 2 secondhand vessels to be delivered in Q4 2026; subject to board approval, the quarterly dividend would rise to $0.125 per share starting in Q2 2026.

No CEO spoke on this call; CFO Gregory Zikos delivered the remarks. His strategic message was that Costamare is renewing the fleet, locking in long-term charters with high-quality counterparties, and expanding visibility through a large backlog of contracted revenue. The tone was constructive and confident, with emphasis on balance-sheet-supported growth and a dividend increase tied to stronger cash flows and profitability.

Gregory Zikos said Q1 net income was about $75 million and adjusted net income was $76 million, with liquidity at about $640 million. He highlighted the 16 newbuild contracts, all with pre- and post-delivery financing arranged for up to 15 years with two Chinese financial institutions, and said the acquisitions will be funded with equity and debt. He also noted 2 secondhand vessel acquisitions expected to be financed with debt and cash on hand, and said the program lowers average fleet age by about 3.7 years by 2030 while increasing the weighted average duration of the charter book by about 2 years. He linked the proposed dividend increase from $0.115 to $0.125 per share to increased cash flows, profitability, and visibility.

There was no analyst Q&A; the operator noted there were no further questions. As a result, no additional concerns or follow-up points were raised on the call. The main management commentary centered on the fleet renewal strategy, contracted revenue growth, and the dividend increase.