CMRE on NYSE

Costamare

Greek and Marshall Islands containership company

Costamare Inc. (NYSE:CMRE) is a Greek and Marshall Islands corporation and one of the world's leading owners and providers of containerships for charter. Its headquarters are in Athens, Greece. Costamare Inc. has 37 years of history in the international shipping industry and a fleet of 56 containerships, with a total capacity of approximately 326,000 twenty-foot equivalent units (TEU) including 10 newbuild containerships on order.3 It was founded by Vassilis C. Constantakopoulos.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$877.9MRevenue, fiscal 20255
$364.6MNet income, fiscal 20255
1975Founded1

Compare with Scorpio Tankers Inc., CMB.TECH or TEEKAY CORP LTD, or pick any stock.

  • TickerCMRE on NYSE1
  • Industrywater transport1
  • HeadquartersAthens1
  • Websitewww.costamare.com
  • Incorporated inMarshall Islands6
  • Business address7 Rue Du Gabian, Monaco, Mc980006
  • Filer categoryAccelerated filer6
  • Legal formCorporation4
  • LEI5299003L6NPTZ25LN8184
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressc/o THE TRUST COMPANY OF THE MARSHALL ISLANDS, INC., Trust Company Complex, Ajeltake Road, Ajeltake Island, 96960 Majuro, Marshall Islands4
  • Registered withMarshall Islands Maritime and Corporate Administrators, 295934

Costamare Inc. (NYSE:CMRE) is a Greek and Marshall Islands corporation and one of the world's leading owners and providers of containerships for charter. Its headquarters are in Athens, Greece. Costamare Inc. has 37 years of history in the international shipping industry and a fleet of 56 containerships, with a total capacity of approximately 326,000 twenty-foot equivalent units (TEU) including 10 newbuild containerships on order.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

52.0%Operating margin5
41.5%Net margin5
-1.2%Revenue growth, 20255
17.5%Return on equity5
0.60×Debt to equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Container Vessels brought in 96% of the revenue Costamare broke down this way in fiscal 2025.

  1. Container Vessels$846.7M596%down 2% from 2024
  2. "Neptune Maritime Leasing Limited (""NML"") [Member]"$31.2M54%up 30% from 2024
Business segments by year
Business segments202320242025
Container Vessels$839.4M$864.5M$846.7M
"Neptune Maritime Leasing Limited (""NML"") [Member]"$8.9M$23.9M$31.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs48¢$423.2M
  • Interest10¢$90.2M
  • Profit42¢$364.6M

Out of $877.9M in revenue.5

Financial statements

Revenue891011125$877.9M in 2025+131% since 2018
0$500.0M$1.0B$1.5B2018: $380.4M$380.4M20182019: $478.1M$478.1M2019+26%2020: $460.3M$460.3M2020−4%2021: $793.6M$793.6M2021+72%2022: $1.1B$1.1B2022+40%2023: $848.3M$848.3M2023−24%2024: $888.5M$888.5M2024+5%2025: $877.9M$877.9M2025−1%
Operating income891011125$456.2M in 2025+289% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $117.2M$117.2M20182019: $173.1M$173.1M2019+48%2020: $60.3M$60.3M2020−65%2021: $441.4M$441.4M2021+632%2022: $662.2M$662.2M2022+50%2023: $595.0M$595.0M2023−10%2024: $489.7M$489.7M2024−18%2025: $456.2M$456.2M2025−7%
Net income891011125$364.6M in 2025+442% since 2018
0$200.0M$400.0M$600.0M2018: $67.2M$67.2M20182019: $99.0M$99.0M2019+47%2020: $8.9M$8.9M2020−91%2021: $435.1M$435.1M2021+4802%2022: $555.0M$555.0M2022+28%2023: $385.7M$385.7M2023−30%2024: $319.9M$319.9M2024−17%2025: $364.6M$364.6M2025+14%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Income from investments in leaseback vessels$31.2M$23.9M$8.9M
Revenues$877.9M$888.5M$848.3M
Voyage expenses-$52.0M-$25.8M-$12.5M
Voyage expenses-related parties (Note 4)-$11.3M-$12.2M-$11.9M
Vessels' operating expenses-$162.5M-$157.9M-$160.9M
General and administrative expenses-$10.1M-$13.3M-$9.7M
General and administrative expenses - related parties (Note 4)-$9.9M-$11.4M-$8.5M
Management fees-related parties (Note 4)-$28.9M-$28.6M-$27.5M
Amortization of dry-docking and special survey costs (Note 9)-$19.8M-$17.3M-$15.3M
Depreciation (Notes 8, 11 and 21)-$129.5M-$126.8M-$126.7M
Gain on sale of vessels, net (Note 8)$0$0$117.5M
Foreign exchange gains /(losses)$2.3M-$5.5M$2.1M
Operating income$456.2M$489.7M$595.0M
Interest income$19.3M$31.7M$30.1M
Interest and finance costs (Note 17)-$91.4M-$109.6M-$119.6M
Income from equity method investments$0$12.0K$764.0K
Other, net$966.0K$1.4M$1.8M
Gain / (loss) on derivative instruments, net (Note 19)$11.4M-$5.9M$10.9M
Total other expenses, net-$59.6M-$82.4M-$76.1M
Net income from continuing operations$396.5M$407.3M$518.9M
Net Loss from discontinued operations (Note 3)-$27.5M-$91.0M-$137.9M
Net income$369.0M$316.3M$381.0M
Net (income) / loss attributable to the non-controlling interest (Notes 14 and 16)-$4.4M$3.6M$4.7M
Net income attributable to Costamare Inc.$364.6M$319.9M$385.7M
Earnings allocated to Preferred Stock (Note 16)-$20.9M-$23.8M-$31.1M
Deemed dividend to Series E Preferred Stock$0-$5.4M$0
Net income available to Common Stockholders$343.7M$290.7M$354.7M
Earnings per common share, basic and diluted - Total (Note 16) (in dollars per share)$2.86$2.44$2.95
Earnings per common share, basic and diluted - Continuing operations (Note 16) (in dollars per share)$3$3$4
Losses per common share, basic and diluted - Discontinued operations (Note 16) (in dollars per share)-$0-$1-$1
Weighted average number of shares, basic and diluted (Note 16) (in shares)120.2M shares119.3M shares120.3M shares

Compare Costamare with another company

Corporate structure

Costamare sits at the top of its group. 13 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Costamare

  • Christos Konstantakopoulos Filed SCHEDULE 13G/A on Costamare, latest Jul 6, 2026 (4 filings since Jan 14, 2022)
  • Konstantinos Konstantakopoulos Filed SC 13D/A on Costamare, latest May 8, 2024 (6 filings since Jun 9, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on Costamare, latest Feb 9, 2024 (2 filings since Feb 10, 2023)
  • Achillefs Konstantakopoulos Filed SC 13G/A on Costamare, latest Jan 12, 2024 (3 filings since Jan 14, 2022)
  • Costamare Athens, Greece
    • Adele Shipping Co. Subsidiary · Athens, Greece
    • Bastian Shipping Co. Subsidiary · Athens, Greece
    • BERG SHIPPING CO. Subsidiary · Athens, Greece
    • BERNIS MARINE CORP. Subsidiary · P. Faliro Athens, Greece
    • Cadence Shipping Co. Subsidiary · Athens, Greece
    • Costamare Bulkers Ships Inc. Subsidiary · Monaco, Monaco
    • JODIE SHIPPING CO. Subsidiary · Athens, Greece
    • QUENTIN SHIPPING CO. Subsidiary · Monaco, Monaco
    • RAYMOND SHIPPING CO. Subsidiary · Monaco, Monaco
    • SANDER SHIPPING CO. Subsidiary · Monaco, Monaco
    • TERANCE SHIPPING CO. Subsidiary · Monaco, Monaco
    • Undine Shipping Co. Subsidiary · Monaco, Monaco

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Costamare reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$3.4B12 Dec 31, 2024$3.4B12 Dec 31, 2023−1.7%
Finance-lease assets$05 Dec 31, 2025$37.8M5 Dec 31, 2024−100.0%
Operating-lease assets (leased space)$1.1M5 Dec 31, 2025$1.1M5 Dec 31, 20240%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$519.8M5 Dec 31, 2025$656.9M5 Dec 31, 2024−20.9%
Marketable securities, current$19.3M5 Dec 31, 2025$18.5M5 Dec 31, 2024+4.2%
Stakes in other companies (equity method)$012 Dec 31, 2024$552.0K12 Dec 31, 2023−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$05 Dec 31, 2025$74.0K5 Dec 31, 2024−100.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$14.1M5 Dec 31, 2025$13.2M5 Dec 31, 2024+7.3%

The story

Founded by Vassilis C. Constantakopoulos in 1975.1

The name “Costamare” was first used in the shipping industry in 1975 when Captain Vasileios Constantakopoulos, the father of the company's chairman and chief executive officer, Konstantinos Constantakopoulos, founded Costamare Shipping Company S.A. (“Costamare Management”) to serve as the manager of the then existing fleet of ships directly or indirectly owned by the Constantakopoulos family

Historical highlights

1975 Costamare Management is established by a Greek Captain Vasileios Constantakopoulos. At the same time Captain Vasileios Constantakopoulos acquires his first ship, a cargo vessel of 2,000 tons.

1984 Diversification into containership ownership and management with the purchase of four containerships of 1,000 TEU capacity.

1987 Acquisition of more, younger and bigger, containerships including six of 965 TEU capacity and two ex-US Lines' owned containerships, of 2,500 TEU each.

1994 The first newbuildings are ordered – three 3,500 TEU ships from Samsung Heavy Industries Co., Ltd. to be delivered in 1996. This brings the fleet to 32 cellular ships.

1997 The founders and Costamare Management move to their new purpose-built headquarters in Athens, Greece.

1998 Five post-panamax containerships of 6,500 TEU capacity are ordered, the largest for construction in South Korea and the first post-panamaxes for an independent containership owner.

1998 Konstantinos Constantakopoulos takes over from his father as CEO of Costamare Management.

Read the full text

2001 CIEL Shipmanagement S.A.is launched as an independent ship management company, bringing further flexibility and benchmarking to the management of the Costamare fleet of containerships.

2003 Five ships of more than 8,000 TEU capacity each are ordered from Hyundai Heavy Industries Co. Ltd. to be delivered in 2006. In due course these containerships are expanded in design to 9,500 TEU capacity each.

2005 Shanghai Costamare Ship Management Co., Ltd is established in Shanghai, P.R. China.

2006 On delivery, the latest Hyundai newbuildings become five of the largest containerships afloat and commence 12-year charters to Cosco Container Lines.

2006 C-Man Maritime Inc. begins operations in the Philippines as an exclusive manning and training affiliate for Costamare Management and its management contractors.

2008 Under an agreement with German classification society Germanischer Lloyd, five of the Costamare fleet of containerships operationally pioneer a new carbon emissions indexing tool, making them the first worldwide to fully comply with new international guidelines on CO2 indexing.

2010 Delivery of the latest addition to the Costamare fleet of containerships, the 8,350 TEU capacity newbuilding containership, MSC Navarino, constructed by Hudong-Zhonghua Shipbuilding (Group) Co. Ltd., China.

2010 The Company successfully completes its initial public offering, issuing 13.3 million shares

2011 Company continues to expand counter cyclically its fleet, taking delivery of nine second hand vessels and contracting 10 newbuildings.

From Wikipedia’s article on Costamare, shared under CC BY-SA 4.0.7

Leadership

Who has led Costamare, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (4)

Products and brands

In 2000 it controlled 21 ships, in 2008, 53, and 43 in 2010. As of Oct 2018 it had 74 ships with 16 vessels in new or extended time charters. In 2010 it completed a US$159.6 million IPO to fund an expansion of its fleet

COSCO Guangzhou is a container ship, and one of the largest currently in service. Owned by Costamare and chartered to COSCO

From Wikipedia’s article on Costamare, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

From Wikidata.1

Timeline

  1. Mar 18, 2026New chief executive Konstantinos Konstantakopoulos becomes CEO14
  2. 1975Founded Founded1

Calendar

Coming up

  1. Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.81 a share, on Nov 4, 2025.19

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

198 filings to the SEC since October 2021: 5 annual reports, 10 insider forms, 15 large holders, 168 other. The latest 20:

  1. Oct 6, 20266-K EDGAR
  2. Oct 1, 20264 EDGAR
  3. Oct 1, 20266-K EDGAR
  4. Sep 16, 20264 EDGAR
  5. Aug 13, 20266-K EDGAR
  6. Aug 12, 20266-K EDGAR
  7. Jul 30, 20264 EDGAR
  8. Jul 29, 2026144 EDGAR
  9. Jul 27, 20266-K EDGAR
  10. Jul 13, 20266-K EDGAR
  11. Jul 6, 2026SCHEDULE 13G/A EDGAR
  12. Jul 2, 20264 EDGAR
  13. Jul 1, 20266-K EDGAR
  14. Jun 25, 2026144 EDGAR
  15. Jun 24, 2026144 EDGAR
  16. Jun 23, 2026144 EDGAR
  17. Jun 22, 2026144 EDGAR
  18. Jun 12, 2026144 EDGAR
  19. Jun 11, 2026144 EDGAR
  20. Jun 5, 2026144 EDGAR

The 198 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 29, 2026Zikos GrigoriosChief Financial OfficerSale59,840$15.34$917.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Costamare is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCostamare Inc.2
  • CIK0001503584
  • Filer statusAccelerated filer not an emerging growth company; not a shell company24
  • Incorporated inMarshall Islands24
  • Fiscal year endsDecember 312
  • Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address7 Rue Du Gabian, Monaco, MC98000, Monaco2
  • Phone377(93)2509402
  • Shares outstanding120,583,929 Common Stock shares; 1,970,649 Series B Preferred Stock shares; 3,973,135 Series C Preferred Stock shares; 3,986,542 Series D Preferred Stock shares; 1,200 Series F Preferred Stock shares as of Dec 31, 202524
  • AuditorErnst & Young (Hellas) Certified Auditors Accountants S.A., Athens, Greece PCAOB ID 1457; it also attests to the company’s internal control over financial reporting24
  • On EDGAR sinceOct 20, 20102
  • Filings554 in all: 6-K (320), 144 (70), SC 13G/A (33), 20-F (16), 424B5 (15), CORRESP (15), UPLOAD (15), EFFECT (9)2
    All 30 form types

    SC 13D/A (9), F-3 (7), SC 13G (6), 3 (5), 4 (5), 8-A12B (5), CERTNYS (4), FWP (4), F-1/A (2), F-3/A (2), 144/A (1), 20-F/A (1), 25-NSE (1), 424B1 (1), 424B2 (1), 6-K/A (1), CERT (1), F-1 (1), F-3D (1), POS AM (1), SC 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Mar 4, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.0001 par value per shareCMRENew York Stock Exchange
Preferred stock purchase rightsNew York Stock Exchange
Series B Preferred Shares, $0.0001 par value per shareCMRE.PRBNew York Stock Exchange
Series C Preferred Shares, $0.0001 par value per shareCMRE.PRCNew York Stock Exchange
Series D Preferred Shares, $0.0001 par value per shareCMRE.PRDNew York Stock Exchange

From the cover page of the 20-F filed Mar 4, 2026 (Section 12(b) of the Exchange Act).24