Costamare Inc. (CMRE) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.215 Thank you for standing by, ladies and gentlemen, and welcome to the Coastal Mayor Inc. 00:00:04.215 -- 00:00:09.280 conference call on the first quarter 2026 financial results. 00:00:09.280 -- 00:00:13.805 We have with us Mr. Gregory Zekos, Chief Financial Officer of the company. 00:00:13.805 -- 00:00:17.188 At this time, all participants are in listen-only mode. 00:00:17.188 -- 00:00:22.373 There will be a presentation followed by a question and answer session, at which time, 00:00:22.373 -- 00:00:27.178 if you wish to ask a question, please press star, then 1 on your telephone keypad and 00:00:27.178 -- 00:00:31.453 wait for your name to be announced. I must advise you that this conference call is being 00:00:31.453 -- 00:00:34.976 recorded today, Wednesday, April 29th, 2026. 00:00:34.976 -- 00:00:40.121 We would like to remind you that this conference call contains forward-looking statements. 00:00:40.121 -- 00:00:44.905 Please take a moment to read slide number two on the presentation, which contains the 00:00:44.905 -- 00:00:47.446 forward-looking statements. 00:00:48.669 -- 00:00:51.711 And I will now pass the floor over to your speaker today, Mr. 00:00:51.711 -- 00:00:55.033 Zicos. Please go ahead, sir. 00:00:56.115 -- 00:00:58.655 Thank you, and good morning, ladies and gentlemen. 00:00:58.655 -- 00:01:03.983 During the first quarter of the year, the company generated an income of about 75 million. 00:01:03.983 -- 00:01:09.111 Total liquidity amounted to about 645 million. 00:01:09.111 -- 00:01:13.597 Executing another strategy of renewing the fleet and securing long-term cash flows from 00:01:13.597 -- 00:01:18.845 high-quality counterparties, we have ordered a total of 16 new buildings from 00:01:18.845 -- 00:01:21.870 fi...