Πέμπτη , 25 Απρίλιος 2024
Home ΝΑΥΤΙΛΙΑ Η Costamare Inc. Αναφέρει ρεκόρ κερδοφορίας για το τέταρτο τρίμηνο έως 31 Δεκεμβρίου 2022
ΝΑΥΤΙΛΙΑΟΙΚΟΝΟΜΙΑ

Η Costamare Inc. Αναφέρει ρεκόρ κερδοφορίας για το τέταρτο τρίμηνο έως 31 Δεκεμβρίου 2022

Τα Καθαρά κέρδη για την εταιρεία του  Κωστή Κωνσταντακόπουλου είναι $523 εκατ. για το έτος 2022. Ο στόλος του περιλαμβάνει 117 πλοία, 45 πλοία ξηρού χύδην φορτίου.

 

COSTAMARE INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR

ENDED DECEMBER 31, 2022

Monaco, February 8, 2023 – Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today

reported unaudited financial results for the fourth quarter (“Q4 2022”) and year ended December 31, 2022.

  1. RECORD PROFITABILITY FOR YEAR ENDED 2022
  • 2022 Net Income available to common stockholders of $523.9 million ($4.26 per share) vs $404.1

million ($3.28 per share) in 2021.

  • 2022 Adjusted Net Income available to common stockholders1 of $405.3 million ($3.30 per share)

vs $289.9 million ($2.36 per share) in 2021.

  • Q4 2022 Net Income available to common stockholders of $186.7 million ($1.53 per share) vs

$153.4 million ($1.24 per share) in Q4 2021.

  • Q4 2022 Adjusted Net Income available to common stockholders1 of $74.8 million ($0.61 per

share) vs $112.1 million ($0.91 per share) in Q4 2021.

  • 2022 Year-end liquidity of $973.2 million2 vs $552.3 million3

in 2021 Year-end.

  1. DRY BULK OPERATING PLATFORM
  • Setup of a new venture under Costamare Bulkers Inc. (“CBI”), which is fully consolidated with

the Company.

  • CBI will charter-in/out dry bulk vessels, enter into contracts of affreightment, forward freight

agreements and may also utilize hedging solutions.

  • CBI has currently fixed a fleet of 14 Newcastlemax/Capesize bulk carriers and a fleet of 9

Kamsarmax/Panamax bulk carriers.

III. NEW DEBT FINANCING

  • New financing agreements totaling approximately $558 million in aggregate and extension of

maturity of a bilateral loan facility. More specifically:

­ Refinancing of existing indebtedness of 10 containerships, secured by long term

contracted cash flows:

▪ Bilateral loan facility for a total amount of approximately $323 million.

▪ Loan proceeds used for prepayment of existing indebtedness and general

corporate purposes.

▪ Seven year tenor.

▪ Significant improvement of funding cost, and extension of maturity for eight out

of the ten refinanced vessels.

­ Refinancing of existing indebtedness of two containerships, secured by long term

contracted cash flows:

1 Adjusted Net Income available to common stockholders and respective per share figures are non-GAAP measures and should not

be used in isolation or as substitutes for Costamare’s financial results presented in accordance with U.S. generally accepted accounting

principles (“GAAP”). For the definition and reconciliation of these measures to the most directly comparable financial measure

calculated and presented in accordance with GAAP, please refer to Exhibit I.

2

Including our share of cash amounting to $4.5 million held by vessel owning-companies set-up pursuant to the Framework Deed

dated May 15, 2013, as amended and restated from time to time (the “Framework Deed”), between the Company and York Capital

Management Global Advisors LLC and an affiliated fund (collectively, “York”), short term investments in U.S. Treasury Bills

amounting to $120.0 million and $37.1 million of available undrawn funds from one hunting license facility as of December 31, 2022.

3

Including our share of cash amounting to $5.5 million held by vessel owning-companies set-up pursuant to the Framework Deed

and $193.3 million of available undrawn funds from two hunting license facilities (adjusted for the $56.7 million drawn between

January 1, 2022 and March 9, 2022 (date of Q4 2021 earnings release)).

2

▪ Bilateral loan facility for a total amount of $85 million.

▪ Loan proceeds used for prepayment of existing indebtedness and general

corporate purposes.

▪ Eight year tenor.

▪ Five year extension of original loan maturity for the two refinanced vessels.

­ Refinancing of existing indebtedness of nine dry bulk carriers:

▪ Bilateral hunting license loan facility for a total amount of $120 million.

▪ Approximately $83 million drawn for the refinancing of the original

indebtedness.

▪ Six year tenor.

see more https://www.costamare.com/

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