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COSTAMARE INC . REPORTS RESULTS FOR THE THIRD QUARTER AND THE NINE - MONTH PERIOD ENDED SEPTEMBER 30 , 2021 Monaco , October 27 , 2021 Costamare Inc. ( “ Costamare " or the " Company " ) ( NYSE : CMRE ) today reported unaudited financial results for the third quarter ( “ Q3 2021 " ) and nine - months ended September 30 , 2021 . I. ● ● II . ● ● ● ● ● PROFITABILITY Q3 2021 Net Income available to common stockholders of $ 107.4 million compared to $ 17.4 million in Q3 2020 . ● COSTAMARE INC . Q3 2021 Earnings per Share of $ 0.87 compared to $ 0.14 in Q3 2020 . Q3 2021 Adjusted Net Income available to common stockholders ( ¹ ) of $ 81.5 million compared to $ 26.7 million in Q3 2020 . Q3 2021 Adjusted Earnings per Share ( ¹ ) of $ 0.66 compared to $ 0.22 in Q3 2020 . SALE AND PURCHASE ACTIVITY Delivery of another 20 dry bulk vessels ( total delivered fleet of 34 vessels ) , with three additional vessels expected to be delivered within 2021 . Delivery of the 2009 - built , 4,578 TEU containership Gialova ( ex . Cosco Fukuyama ) which commenced its time charter with ZIM for a period of 32 to 36 months . Vessel disposals : O O III . NEW CHARTER ARRANGEMENTS 5 new containership fixtures since last quarter including : O Sale of the 2003 - built , 5,928 TEU containership Venetiko ( capital gain of $ 16.5 million in Q3 2021 ) . Sale of the 2002 - built , 4,992 TEU containership ZIM Shanghai ( estimated capital gain of approximately $ 13.8 million in the next quarter ) . Sale of the 2001 - built , 5,576 TEU containership Ensenada ( co - owned with York Capital ) . This sale resulted in a capital gain for the Company of $ 5.7 million in Q3 2021 . A greed to sell the 2002 - built , 4,992 TEU containership ZIM New York . Sale is expected to be concluded in 2021 . the forward fixture of the 2006 - built , 5,642 TEU vessel Glen Canyon for a period of 39 to 42 months at a daily rate of $ 62,500 , with estimated delivery to the new charterer between the first and second quarters of 2022 . 18 new dry bulk vessel charters . IV . NEW DEBT FINANCING AND CAPITAL STRUCTURE New agreement for the financing of future dry bulk vessel acquisitions in the form of a hunting license facility for an aggregate amount of $ 150 million with a European financial institution . Liquidity of $ 303.1 million as of the end of Q3 2021 ( including our share of cash amounting to $ 4.7 million held in companies co - owned with York Capital ) , which coupled with the $ 254.7 million of undrawn funds from our three hunting license facilities , amounts to $ 557.8 million . 1