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Costamare Reports Strong Q1 2024 Performance
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Costamare Reports Strong Q1 2024 Performance

Costamare (CMRE) has released an update.

Costamare Inc. has reported a robust first quarter for 2024 with a net income of $94.2 million and an adjusted net income of $75.2 million, alongside a strong liquidity position of approximately $1.1 billion. The company has successfully secured 97% of its containership fleet for 2024 and 80% for 2025, with contracted revenues amounting to $2.3 billion. Additionally, Costamare is actively managing its assets, having entered into numerous charter agreements and completed strategic acquisitions and disposals in its dry bulk fleet.

For further insights into CMRE stock, check out TipRanks’ Stock Analysis page.

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