Costamare (NYSE: CMRE) reported Q2 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $90.58 million versus the consensus estimate of $92.94 million.

• Adjusted Net Income available to common stockholders of $10.5 million or $0.10 per share and $23.8 million or $0.22 per share for the three-months and the six-months ended June 30, 2018, respectively.
• Ordered five newbuild containerships from Jiangsu Yangzijiang Shipbuilding Group, each of approximately 12,690 TEU capacity. Upon their delivery, which is expected between the second quarter of 2020 and the second quarter of 2021, the vessels will commence a ten-year time charter to Yang Ming Marine Transport Corp.
• Agreed to purchase two 2013-built, 4,957 TEU wide-beam sister containerships Megalopolis and Marathopolis. Megalopolis was delivered in July and Marathopolis is expected to be delivered latest by the end of September 2018. Both vessels have a seven-year charter with Maersk Line.
• Chartered in total 20 vessels over the quarter (excluding the five newbuilds and the two recent secondhand acquisitions).
• Declared dividend of $0.10 per share on its common stock and dividends on all four classes of its preferred stock.
• Members of the Konstantakopoulos family have decided, as has been the case since June 2016 when our Dividend Reinvestment Plan was implemented, to reinvest in full their cash dividends for the quarter in new shares.

For earnings history and earnings-related data on Costamare (CMRE) click here.