Costamare Inc. (CMRE) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.717 Thank you for standing by, ladies and gentlemen, and welcome to the Castamare Inc. 00:00:04.717 -- 00:00:09.163 conference call on the first quarter 2025 financial results. 00:00:09.163 -- 00:00:13.729 We have with us Mr. Gregory Zekos, Chief Financial Officer of the company. 00:00:13.729 -- 00:00:18.475 At this time, all participants are in a listen-only mode. 00:00:18.475 -- 00:00:22.761 There will be a presentation followed by a question and answer session, at which time, 00:00:22.761 -- 00:00:27.948 if you wish to ask a question, please press star 1 on your telephone keypad 00:00:27.948 -- 00:00:32.631 and wait for your name to be announced. I must advise you that this conference is being 00:00:32.631 -- 00:00:37.562 recorded today, Thursday, May 8, 2025. We 00:00:37.562 -- 00:00:42.333 would like to remind you that this conference call contains forward-looking statements. 00:00:42.333 -- 00:00:47.144 Please take a moment to read slide number two of the presentation, which contains the 00:00:47.144 -- 00:00:49.765 forward-looking statements. 00:00:59.363 -- 00:01:02.367 And I will now pass the floor to your speaker today, Mr. 00:01:02.367 -- 00:01:05.752 Zikos. Please go ahead, sir. 00:01:05.752 -- 00:01:08.415 Thank you, and good morning, ladies and gentlemen. 00:01:08.415 -- 00:01:13.983 During the first quarter of the year, the company generated net income of about $95 million. 00:01:13.983 -- 00:01:19.009 As announced on May 7, we have successfully completed the spin-off of Costamare Bulkers, 00:01:19.009 -- 00:01:25.077 which encompasses the 37 owned rival vessels, as well as the CBI operating platform. 00:01:25.077 -- 00:01:30.155 Costamare Inc. remains the sole shareholder of the 68 containerships, as well 00:01:30.155 -...