Costamare Inc. Reports Q4 & FY 2023 Results, Net Income Available to Common Stockholders
Ticker: CMRE-PC · Form: 6-K · Filed: Feb 7, 2024 · CIK: 1503584
| Field | Detail |
|---|---|
| Company | Costamare Inc. (CMRE-PC) |
| Form Type | 6-K |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-results, quarterly-report, annual-report
TL;DR
**Costamare just dropped its 2023 earnings, showing net income for common stockholders.**
AI Summary
Costamare Inc. (NYSE: CMRE) reported its unaudited financial results for the fourth quarter and full year ended December 31, 2023, on February 7, 2024. The filing indicates that the company achieved a Net Income available to common stockholders for the full year 2023. This matters to investors because it provides crucial insight into the company's financial performance and profitability, directly impacting its valuation and potential for future dividends or growth.
Why It Matters
This filing provides the latest financial performance data for Costamare Inc., allowing investors to assess the company's profitability and operational health for the past year.
Risk Assessment
Risk Level: low — This 6-K filing is a routine financial disclosure of past performance, which generally carries a low risk as it provides transparency rather than signaling new, uncertain events.
Analyst Insight
Investors should review the full financial report (Exhibit 99.2) to understand the detailed breakdown of Costamare Inc.'s profitability and liquidity for 2023 before making any investment decisions.
Key Players & Entities
- Costamare Inc. (company) — the registrant reporting financial results
- Gregory G. Zikos (person) — Chief Financial Officer who signed the report
- February 7, 2024 (date) — date of the report and press release
- December 31, 2023 (date) — end of the reporting period for Q4 and full year
Forward-Looking Statements
- Costamare Inc.'s stock price (CMRE) will likely react to the detailed financial figures once the full financial report (Exhibit 99.2) is publicly scrutinized. (CMRE) — medium confidence, target: February 8, 2024
- Analysts will update their price targets and ratings for Costamare Inc. based on the full 2023 financial performance. (Costamare Inc.) — high confidence, target: February 2024
FAQ
What specific financial results did Costamare Inc. report in this 6-K filing?
Costamare Inc. reported unaudited financial results for the fourth quarter and the full year ended December 31, 2023, specifically mentioning 'Net Income available to common stockholder' for FY 2023.
Who signed this 6-K report on behalf of Costamare Inc.?
The report was signed by Gregory G. Zikos, who holds the title of Chief Financial Officer for Costamare Inc.
When was this 6-K report filed with the SEC?
This 6-K report was filed on February 7, 2024, as indicated by the 'FILED AS OF DATE: 20240207'.
Which exhibits are included in this 6-K filing?
The filing includes Exhibit 99.1, a Press Release dated February 7, 2024, titled 'Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023', and Exhibit 99.2, a 'Financial Report for the Fourth Quarter and Year Ended December 31, 2023'.
Into which previous registration statements will Exhibit 99.2 be incorporated by reference?
Exhibit 99.2 will be incorporated by reference into Costamare Inc.'s registration statements on Form F-3, specifically File No. 333-212415 (filed July 6, 2016) and File No. 333-254266 (filed March 15, 2021).
Filing Stats: 261 words · 1 min read · ~1 pages · Grade level 9.6 · Accepted 2024-02-07 06:55:52
Filing Documents
- f6k_020724.htm (6-K) — 7KB
- exh_991.htm (EX-99.1) — 88KB
- exh_992.htm (EX-99.2) — 430KB
- logo.jpg (GRAPHIC) — 4KB
- 0001171843-24-000645.txt ( ) — 532KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 7, 2024 COSTAMARE INC. By: /s/ Gregory G. Zikos Name: Gregory G. Zikos Title: Chief Financial Officer