Costamare Inc. Reports Results for the Third Quarter and Nine-Month Period Ended September 30, 2026

MONACO, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the third quarter and nine-month period ended September 30, 2026.

I. PROFITABILITY AND LIQUIDITY * Q3 2026 Adjusted Net Income from Continuing operations(1) available to common stockholders(2) of $89.4 million ($0.74 per share). * Q3 2026 Net Income from Continuing operations(1) available to common stockholders of $88.5 million ($0.73 per share). * Q3 2026 liquidity of $733.1 million(3). II. ENTRY INTO BILATERAL FINANCING AGREEMENTS OF $1.4 BILLION, INCLUDING NEW AND PREVIOUSLY ANNOUNCED TRANSACTIONS, WITH LEADING US, EUROPEAN AND ASIAN BANKS * Concluded previously announced financing agreements and drew $1.3 billion since the end of Q2 2026, refinancing existing debt obligations across 39 vessels. * Signed a $92 million loan agreement with an Asian bank for two vessels, with drawdown expected in Q4 2026. * All new financing agreements relate to vessels in our existing fleet. * The new arrangements provide interest cost savings and extend debt maturities. * The Company’s unencumbered fleet now comprises 23 vessels. III. FLEET EMPLOYMENT(4) * 100% and 99% of the containership fleet(5) was fixed for 2026 and 2027, respectively. * Contracted revenues for the containership fleet were approximately $6.0 billion(6) with a TEU-weighted duration of 5.8 years(7). IV. LEASE FINANCING PLATFORM * Controlling interest in Neptune Maritime Leasing Limited (“NML”). * Leasing platform with 47 shipping assets funded or on a commitment status basis, representing total investments and commitments of more than $650 million(8). V. DIVIDEND ANNOUNCEMENTS * On October 1, 2026, the Company declared a dividend of $0.125 per share on the common stock, which is payable on November 5, 2026, to holders of record of common stock as of October 20, 2026. * On October 1, 2026, the Company declared a dividend of $0.476563 per share on the Series B Preferred Stock, $0.531250 per share on the Series C Preferred Stock and $0.546875 per share on the Series D Preferred Stock, which were all paid on October 15, 2026, to holders of record as of October 14, 2026. _________________ (1) Discontinued operations - Costamare Bulkers Holdings Limited Spin-Off: On May 6, 2025, Costamare completed the spin-off of its dry bulk business (consisting of its dry bulk owned fleet and its dry bulk operating platform, Costamare Bulkers Inc. (“CBI”)) into a standalone public company, Costamare Bulkers Holdings Limited (NYSE: CMDB). Accordingly, the results of the dry bulk business are presented as discontinued operations in the Company’s consolidated financial statements for all relevant periods presented. Discontinued operations for the nine-month period ended September 30, 2025 include the results of the dry bulk business through May 6, 2025. There are no results of discontinued operations for the three-month periods ended September 30, 2026 and 2025 or the nine-month period ended September 30, 2026. Accordingly, results of discontinued operations are not comparable between the respective nine-month periods. (2) Adjusted Net Income from Continuing operations 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. (3) Liquidity includes cash and cash equivalents (including restricted cash) and short-term investments in U.S. Treasury Bills amounting to $19.8 million. (4) As of October 27, 2026. Please refer to the Containership Fleet List table for additional information on vessel employment details for our containership fleet. (5) Calculated on a TEU basis. Includes two secondhand containerships agreed to be acquired, but excludes the 22 vessels under construction and the two vessels we have agreed to sell. (6) For 16 of our vessels under construction the related post-delivery time charter rates are denominated in a currency other than US dollars. US dollar amounts presented herein have been translated at the closing exchange rate on October 27, 2026, and are shown for presentation purposes only. (7) Includes the contracted revenues of 22 vessels under construction and the two secondhand containerships agreed to be acquired. (8) Includes assets funded and contractual commitments as of October 27, 2026.