BEEP
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Earnings documents stored for BEEP.
Investor releaseQuarter not tagged2026-07-14Mobile Infrastructure Announces Timing of Second Quarter 2026 Earnings Release and Conference Call
GlobeNewswire
Mobile Infrastructure Announces Timing of Second Quarter 2026 Earnings Release and Conference Call
CINCINNATI, July 14, 2026 (GLOBE NEWSWIRE) -- Mobile Infrastructure Corporation (NASDAQ: BEEP), the nation’s only publicly traded owner of parking infrastructure, will issue its second quarter 2026 earnings release after the U.S. market closes on Tuesday, August 11, 2026. You are invited to participate in the Company’s conference call hosted by senior management on Tuesday, August 11, 2026, at 4:30 PM Eastern Time. Q2 2026 Conference Call Date & Time:Tuesday, August 11, 2026, at 4:30 PM Eastern Time Participants who wish to access the live conference call may do so by registering here. Upon registration, a dial-in and unique PIN will be provided to join the call. A live, listen-only webcast of the conference call may be accessed from the Investor Relations section of the Company’s website, or by registering here. For those who are unable to listen to the live broadcast, a replay of the webcast will be available in the “News & Events” section of the Investor Relations website under “IR Calendar” for one year. About Mobile Infrastructure Corporation Mobile Infrastructure Corporation (NASDAQ: BEEP), headquartered in Cincinnati, Ohio, owns and operates a diversified portfolio of parking facilities across the United States. As of June 30, 2026, the Company owned 35 parking facilities in 18 separate markets with a total of approximately 13,200 parking spaces and approximately 4.6 million square feet. Mobile Infrastructure is focused on the future of urban mobility, repositioning parking assets as critical components of transportation infrastructure. Investor Relations Contact: David GoldLynn [email protected]
Investor releaseQuarter not tagged2026-05-13Mobile Infrastructure Reports First Quarter 2026 Financial Results
GlobeNewswire
Mobile Infrastructure Reports First Quarter 2026 Financial Results
Utilization Gains Underpin Improving Same-Location Revenue Fifth Asset Sale Under Asset Rotation Strategy Reduced Leverage with $12.6 Million of Paydowns Conference Call Will be Held on May 12, 2026, at 4:30 PM Eastern Time CINCINNATI, May 12, 2026 (GLOBE NEWSWIRE) -- Mobile Infrastructure Corporation (Nasdaq: BEEP), (“Mobile”, “Mobile Infrastructure” or the “Company”), the nation’s only publicly traded owner of parking infrastructure, today reported results for the three months ended March 31, 2026. Commenting on the results, Stephanie Hogue, Chief Executive Officer, said, “Our first quarter results reflect solid execution against the initiatives we laid out for 2026. We focused on driving utilization and contract growth while delivering on the first phase of our asset rotation program. Supported by higher residential demand and continued return-to-office momentum, contract parking volumes grew approximately 6% year-over-year and now represents approximately 38% of our management agreement revenue. Same-Location Revenue was stable year-over-year, while active expense discipline and operational execution resulted in 4.4% Same-Location NOI growth. “Transient volumes increased approximately 3% in the quarter, as several key markets reopened after experiencing construction and redevelopment dislocations in 2025. As expected, we are now witnessing growing demand as these micro-markets re-open, and when combined with continued momentum in contract parking and a robust spring event calendar across our broader portfolio, underpin the confidence our team has in Mobile’s 2026 plan. “In the first quarter, we also made meaningful progress on our capital allocation strategy. Cumulative proceeds from assets sold under our 36-month, $100 million asset rotation program have now exceeded $30 million, at a weighted-average implied capitalization rate of approximately 2%. The valuation our assets continue to command in private market transactions illustrates the strategic value of well-located urban land, further magnifying the disconnect between the value of our portfolio and Mobile Infrastructure’s current share price.” First Quarter 2026 Highlights Total revenue was $7.9 million as compared to $8.2 million in the prior-year period Net loss was $7.8 million as compared to $4.3 million in the prior-year period. NOI* was $4.6 million as compared to $4.5 million in the prior-y...
Investor releaseQuarter not tagged2026-05-13Mobile Infrastructure Corp (BEEP) Q1 2026 Earnings Call Highlights: Strategic Asset Sales and ...
GuruFocus.com
Mobile Infrastructure Corp (BEEP) Q1 2026 Earnings Call Highlights: Strategic Asset Sales and ...
This article first appeared on GuruFocus. Total Revenue: $7.9 million in Q1 2026, down from $8.2 million in Q1 2025. Same-Location Revenue: $7.9 million, flat year-over-year. Same-Location NOI: Increased 4.4% year-over-year to $4.6 million from $4.4 million. Contract Parking Volumes: Grew approximately 6% year-over-year. Transient Volumes: Increased approximately 3% year-over-year. RevPAS: $184 for the quarter, approximately flat year-over-year. Property Taxes: $1.5 million in Q1 2026, down from $1.9 million in Q1 2025. Property Operating Expenses: $1.8 million, compared to $1.9 million in Q1 2025. Adjusted EBITDA: $3 million, up 8.6% from $2.7 million in Q1 2025. Total Debt Outstanding: $200 million, reduced from $207.7 million at year-end. Cash, Cash Equivalents, and Restricted Cash: $14.2 million as of March 31, 2026. Asset Rotation Program Proceeds: Exceeded $30 million with a weighted average implied cap rate of approximately 2%. Full Year 2026 Revenue Guidance: $35 million to $38 million, approximately 4% growth at the midpoint over 2025. Full Year 2026 NOI Guidance: $21.5 million to $23.0 million, 7% growth at the midpoint. Full Year 2026 Adjusted EBITDA Guidance: $15.0 million to $16.5 million, 10% growth at the midpoint. Warning! GuruFocus has detected 6 Warning Signs with BEEP. Is BEEP fairly valued? Test your thesis with our free DCF calculator. Release Date: May 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Contract parking volumes grew approximately 6% year-over-year, driven by higher residential demand and return to office momentum. Same-Location NOI increased by 4.4% year-over-year, reflecting effective expense management and lease to management agreement conversions. Portfolio utilization improved by roughly 8 percentage points year-over-year, enhancing rate and parker mix optimization opportunities. Cumulative proceeds from asset sales under the asset rotation program exceeded $30 million, highlighting the strategic value of urban land. Adjusted EBITDA increased by 8.6% year-over-year, demonstrating strong operating discipline despite flat revenue. Total revenue declined to $7.9 million from $8.2 million year-over-year, primarily due to asset sales in 2025. Same-Location revenue remained flat, indicating challenges in achieving organic revenue growth. RevPAS was approximately fl...
Investor releaseQuarter not tagged2026-05-13Mobile Infrastructure Q1 Earnings Call Highlights
MarketBeat
Mobile Infrastructure Q1 Earnings Call Highlights
Interested in Mobile Infrastructure Corporation? Here are five stocks we like better. Mobile Infrastructure said first-quarter 2026 results showed improved utilization and contract parking growth, with contract parking volumes up about 6% year over year and portfolio utilization roughly 8 percentage points higher than a year ago. The company’s new Same-Location NOI metric rose 4.4% to $4.6 million, helped by expense discipline and more assets converted from lease structures to management agreements, even as total revenue was slightly lower because of prior asset sales. Mobile also said its $100 million asset rotation program has generated more than $30 million in proceeds, and it reaffirmed full-year 2026 guidance for revenue, NOI and adjusted EBITDA while continuing to focus on debt reduction and rate improvement. Mobile Infrastructure (NASDAQ:BEEP) reported first-quarter 2026 results that management said reflected progress on utilization, contract growth and asset sales, while reaffirming its full-year outlook. Chief Executive Officer Stephanie Hogue said the company’s first-quarter performance showed “solid execution” against the initiatives it outlined for 2026, including driving utilization and contract growth and advancing the first phase of its asset rotation program. She said higher residential demand and continued return-to-office momentum helped lift contract parking volumes by approximately 6% year over year. → MercadoLibre Boldly Invests in Growth: Discount Deepens Contract parking represented approximately 38% of the company’s management agreement revenue during the quarter, Hogue said. Mobile introduced a new metric on the call: same-location net operating income, or Same-Location NOI. Hogue said the metric is intended to give investors a clearer view of the operating portfolio as the company continues its three-year, $100 million asset rotation strategy. → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? “Total portfolio NOI now blends two stories: how the operating portfolio performs and how the rotation reshapes it,” Hogue said. “Same-Location NOI strips out the noise from rotation timing and gives investors a clean period-over-period view of the operating portfolio.” Same-Location NOI increased 4.4% year over year to $4.6 million from $4.4 million. Hogue said Same-Location revenue was approximately flat at the operatin...
Investor releaseQuarter not tagged2026-05-13Mobile Infrastructure Corporation Q1 2026 Earnings Call Summary
Moby
Mobile Infrastructure Corporation Q1 2026 Earnings Call Summary
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management is employing a 'volume first, rate second' playbook, prioritizing utilization growth to build an occupancy base before exercising pricing leverage. The company introduced 'Same Location NOI' to provide a transparent view of core operations, stripping out the noise from the ongoing $100 million asset rotation program. NOI growth of 4.4% on flat revenue was driven by active expense discipline, property tax appeal management, and the conversion of leases to management agreements. Contract parking volumes grew 6% year-over-year, supported by residential demand and a shift toward large-block corporate return-to-office requirements. Management highlighted a significant disconnect between the company's share price and the private market value of its urban land assets, which are being sold at approximately 2% cap rates. The portfolio is being positioned as a flexible platform for future mobility, focusing on the strategic value of urban access points regardless of the specific vehicle mix. Full-year 2026 guidance assumes 8% same-location revenue growth and 10% same-location NOI growth, underpinned by venue reopenings and technology-driven pricing optimization. The company expects to continue rotating non-core assets to fund debt reduction, opportunistic share repurchases, or selective high-quality acquisitions. Management anticipates that as more assets cross the 80% utilization threshold, they will begin implementing rate expansion and parker mix optimization. The 36-month, $100 million asset rotation strategy remains the primary vehicle for surfacing the 'adaptive reuse' value of the company's urban land holdings. Redevelopment-driven dislocations in Detroit continue to impact portfolio-wide RevPAS, though excluding this market, RevPAS showed slight year-over-year improvement. The company successfully reduced total debt to $200 million following the Honolulu asset sale and related CMBS paydowns. Winter weather in Midwestern markets and pockets of hotel occupancy softness acted as seasonal headwinds during the first quarter. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management confirmed that cumulative proceeds from the asset rotation strategy...
TranscriptFY2026 Q12026-05-12FY2026 Q1 earnings call transcript
Earnings source - 36 paragraphs
FY2026 Q1 earnings call transcript
Hello, and welcome to Mobile Infrastructure first quarter 2026 earnings conference call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. I would now like to hand the conference over to Casey Cotterie. You may begin.
Thank you, operator. Good morning, everyone, and thank you for joining us to review Mobile's first quarter 2026 performance. With us today from Mobile are Stephanie Hogue, CEO, and Paul Gohr, CFO. In a moment, we will hear management statements about the company's results of operations as of the first quarter of 2026. Before we begin, we would like to remind everyone that today's discussion includes forward-looking statements, including projections and estimates of future events, business or industry trends, or business or financial results. Actual results may vary significantly from those statements and may be affected by the risks Mobile has identified in today's press release and those identified in its filings with the SEC, including Mobile's most recent annual report on Form 10-K and its most recent quarterly report on Form 10-Q.
Mobile assumes no obligation and does not intend to update or comment on forward-looking statements made on this call. Today's discussion also contains references to non-GAAP financial measures that Mobile believes provide useful information to its investors. These non-GAAP measures should not be considered in isolation from or as a substitute for GAAP results. Mobile's earnings release and the most recent quarterly report on Form 10-Q provide a reconciliation of those measures to the most directly comparable GAAP measures and a list of the reasons why Mobile uses these measures. I will now turn the call over to Mobile's CEO, Stephanie Hogue, to discuss the first quarter 2026 performance. Stephanie?
Thank you, Casey, and good afternoon, everyone. Thank you for joining us today. Our first quarter results reflect solid execution against the initiatives we laid out for 2026. We focused on driving utilization and contract growth while delivering on the first phase of our asset rotation program. Supported by higher residential demand and continued return to office momentum, contract parking volumes grew approximately 6% year-over-year, and contract parking now represents approximately 38% of our management agreement revenue. Before walking through the quarter in more detail, let me introduce a metric we are reporting for the first time today: Same-Location NOI. As we execute the second year of our three-year, $100 million asset rotation strategy, the composition of our total portfolio is changing. Total portfolio NOI now blends two stories: how the operating portfolio performs and how the rotation reshapes it.
Same-Location NOI strips out the noise from rotation timing and gives investors a clean period-over-period view of the operating portfolio. This is the metric we use internally to evaluate the underlying business, and we will report it every quarter going forward. For the first quarter, Same-Location NOI grew 4.4% year-over-year to $4.6 million, up from $4.4 million. Same-Location revenue was approximately flat at the operating level. The growth in NOI was driven by active expense discipline as well as lease to management agreement conversions completed over the last year. The period included winter weather typical of our Midwestern markets in January, as well as ongoing redevelopment around several of our largest assets and pockets of hotel occupancy softness.
Growing the operating portfolio's NOI through that backdrop while continuing to rotate non-core assets and reduce debt reflects the operating discipline we have set as a strategic priority. Portfolio utilization ended March up roughly 8 percentage points year-over-year, ahead of our planned utilization. Parking is fundamentally a utilization-driven business with daily perishable inventory. As assets approach stabilized occupancy, optionality increases, both with rate and parker mix optimization. We are seeing more of the portfolio cross into that range. The portion of our management agreement portfolio operating above 80% utilization in the first quarter increased 750 basis points year-over-year, which will allow us to contemplate rate expansion across specific rate bands and/or parker types. In markets where we have seen stable utilization for more than 12 months, we have implemented rate increases or started to optimize parker mix.
Cincinnati is the next key market in that progression, focusing first on utilization and then on parker mix and rate. Turning to contract parking, contract volumes grew 6% year-over-year in the quarter, with continued strength in residential and meaningful contributions from return to office momentum. Three markets stand out. Cincinnati contract counts grew approximately 24% year-over-year across our three garages. Cleveland, our contract counts grew approximately 19%, and rate has already begun to follow utilization. Finally, Fort Worth, where contract counts also grew approximately 10%. This is the volume first, rate second playbook in execution to build occupancy, and we earn rate back as the market stabilizes. Turning to transient revenue. Transient volumes grew approximately 3% year-over-year in the quarter as several key markets reopened after experiencing construction and redevelopment dislocations in 2025.
As expected, we are now witnessing growing demand as these micro markets reopen, which when combined with continued momentum in contract parking and a robust spring calendar across our broader portfolio underpins the confidence our team has in Mobile's 2026 plan. RevPAS for the quarter was $184, approximately flat year-over-year. Excluding Detroit, which is large enough to influence portfolio metrics and where we have been candid about near-term redevelopment-driven dislocation, RevPAS was $186, slightly up year-over-year. On a trailing 12-month basis, RevPAS was $200, and excluding Detroit, it was $196. The Same-Location revenue picture is stable while we continue to drive utilization, and the rate lever remains ahead of us in markets where utilization stabilizes. In the first quarter, we also made meaningful progress on our capital allocation strategy.
Cumulative proceeds from assets sold under a 36-month, $100 million asset rotation program have now exceeded $30 million at a weighted average implied cap rate of approximately 2%. The value our assets continue to command in private market transactions illustrates the strategic value of well-located urban land, further magnifying the disconnect between the value of our portfolio and Mobile Infrastructure's current share price. Paul will walk through the balance sheet in more detail, but I will note that we ended the quarter with total debt outstanding of $200 million, down from $207.7 million at year-end, reflecting both the Honolulu sale and the related paydown of CMBS debt.
Reducing the cost of capital remains a primary use of disposition proceeds, and we continue to evaluate that against share repurchases and selective acquisitions of higher quality assets in coordination with our board of directors. Stepping back, the playbook for 2026 is unchanged from what we outlined last quarter. Continue to drive utilization across the portfolio and convert utilization into pricing leverage as markets stabilize. Rotate our non-core assets into debt paydown, opportunistic share repurchases, or higher quality acquisitions, all of which while continuing to optimize our operating model through technology, dynamic pricing tools, lease to management agreement conversions, and disciplined expense management. The first quarter results reflect solid execution against that playbook, and we are reaffirming our 2026 guidance, which Paul will discuss in detail. With that, I will turn the call over to Paul to address financial results.
Thank you, Stephanie. Good afternoon, everyone. I am pleased to discuss the financial details of our first quarter 2026 results and provide additional context on the remainder of the year. Total revenue was $7.9 million in the first quarter of 2026 compared to $8.2 million in the first quarter of 2025. The year-over-year decline was primarily attributable to the four assets sold in 2025. Excluding those dispositions, Same-Location revenue was $7.9 million, essentially flat with the prior year period. We believe the same-location comparison is the right way to evaluate the organic performance of our continuing portfolio. However, the flat Same-Location revenue does not tell the complete story of meaningful underlying activity.
Consistent with the volume first, rate second playbook Stephanie described, transactions and contract volumes grew across the portfolio while we accepted near-term rate compression in markets where we are deliberately building the occupancy base. The uplift in transient transactional counts year-over-year is particularly strong in our Cincinnati market, where the convention center reopened and has a steady calendar of events in 2026. Revenue per available stall, or RevPAS, for the quarter was $184, approximately flat versus the prior year. On a trailing 12-month basis for the first quarter, RevPAS was $200, which is in line with the previous quarter. This is one of our core metrics for managing the portfolio, and we keep it current by adjusting the base for any assets that convert to management agreements or are sold.
The sequential stability reflects our near-term focus on utilization, which has also improved both year-over-year and sequentially. We think that's notable given we typically see a seasonal dip in Q1 coming off the fourth quarter. Turning to expenses, property taxes were $1.5 million in the first quarter of 2026 compared with $1.9 million in the prior year period. Property operating expenses were $1.8 million compared with $1.9 million in the first quarter of 2025. The year-over-year reduction in property taxes reflects our active property tax appeal management process, and our consistency in property operating expenses demonstrates our expense discipline in the face of inflationary costs. Given the portfolio changes resulting from our asset rotation strategy, we are presenting net operating income, or NOI, on a same-location basis.
Same-Location NOI for the first quarter of 2026 was $4.6 million compared with $4.4 million in the same period in 2025, an increase of 4.4%. The increase reflects several levers working in concert. The lease to management agreement conversions we completed over the past year, active property tax appeal management, and expense discipline, together delivering NOI growth on essentially flat Same-Location revenue. As we mentioned before, parking in many of our locations is seasonal, and Q1 is typically in the range of 21%-23% of annual NOI. General and administrative expenses were $2.4 million, flat when compared to the same period of 2025. Current period G&A included $0.8 million of non-cash stock-based compensation compared to $0.7 million in the prior year quarter.
Adjusted EBITDA was $3 million for the first quarter of 2026 compared with $2.7 million in the first quarter of 2025, an increase of 8.6%. This improvement further illustrates operating discipline despite our flat revenue for the quarter. Turning to the balance sheet, at March 31st, 2026, we had $14.2 million of cash equivalents, and restricted cash. Total debt outstanding was $200 million, down from $207.7 million at the end of last quarter. In connection with the closing of the Honolulu sale, $8.1 million of mortgage principal was paid down on our CMBS facility. In April, we paid an additional $4.5 million towards the outstanding line of credit.
In total, we have repaid $22.6 million of debt using proceeds from the asset rotation strategy. The Honolulu disposition was the fifth asset closed under our 36-month, $100 million asset rotation program, bringing cumulative proceeds above $30 million at a weighted average implied cap rate of approximately 2%, continuing to highlight the gap between private market value and our trading price. As Stephanie noted, reducing the cost of capital remains a primary use of disposition proceeds, alongside opportunistic share repurchases and selective acquisitions of higher quality assets. We are reaffirming our full year 2026 guidance we shared last quarter. For the full year, we continue to expect total revenue in the range of $35 million-$38 million, representing approximately 4% growth at the midpoint over 2025 results, and approximately 8% growth on a same location basis.
We expect this to be accompanied by NOI in the range of $21.5 million-$23.0 million, representing year-on-year growth at 7% at the midpoint and 10% growth on the Same-Location basis. Further, Adjusted EBITDA is forecasted to range from $15.0 million-$16.5 million, representing year-on-year growth of 10% at the midpoint and 13% growth on a Same-Location basis. This guidance is underpinned by our expectations for continued contract volume growth, the benefits of venue reopenings and recoveries across the portfolio, and the positive impact of our technology and pricing optimization initiatives. As a reminder, this guidance does not include any future asset sales or acquisitions under our asset rotation program. With that, I will turn the call back to Stephanie for closing remarks.
Thank you, Paul. Before we open the line for questions, I want to reaffirm the broader perspective on where we believe the business is headed. Mobile Infrastructure owns hard assets, well-located land and access points in central business districts across the United States. The strategic value of these assets is anchored in three durable characteristics, and each of them informs how we think about long-term shareholder value. First, irreplaceability. The land we own sits in mature, supply constrained urban cores, where zoning density and the economics of urban development make new garage construction fairly uneconomic. As cities continue to invest in downtown reactivation, mixed use redevelopment and urban density, the access points we own become more strategic over time, not less. Second, optionality through adaptive reuse. The assets in our portfolio are not static parking structures.
The land beneath them and the structures themselves are durable platforms with multiple potential uses. Residential, hospitality, retail, EV charging infrastructure, last mile logistics and emerging mobility services among them. Our 36-month asset rotation program is the most direct expression of this optionality. The valuation our assets continue to command in private market transactions reflects buyers paying for the full economic optionality of well-located urban land, not for parking income alone. Third, the ability to meet future mobility wherever it lands on the adoption curve. There is real uncertainty about how the mobility landscape evolves over the next decade. We believe the answer will be a mix, and that mix will continue to evolve. What does not change is the need for access points where vehicles arrive, dwell and depart.
Our portfolio today sits at those access points. The physical structures are adaptable to whatever combination of modes ultimately win. We are not making a bet on any single mobility outcome. We are positioned and prepared to participate in all of them. Within that long term frame, our near term focus remains the same. Drive utilization, convert utilization into rates, rotate non-core assets at private market valuations, and continue to deleverage and optimize the operating model. The first quarter is one data point on that path. We are encouraged by what we saw in the period. We remain confident in our 2026 plan. We continue to believe that the underlying value of this portfolio, as reflected in our NAV, materially exceeds the current trading value of our shares. Our focus remains on closing that gap through disciplined execution and a shareholder first approach to capital allocation.
Thank you for your continued support, your questions and your engagement with our story. Operator, please open the line for questions.
Thank you. Ladies and gentlemen, as a reminder to ask the question, please press star one one on your telephone, then wait for your name to be announced. To withdraw your question, please press star one one again. Please stand by while we compile the Q&A roster. Our first question comes from the line of Marc Riddick with Sidoti. Your line is open.
Hey, good afternoon.
Hey, Marc. How are you?
Good, good. Maybe we could start off with the, if you could share some details around the asset sale, the recent asset sales and maybe the cap rates that you're seeing there?
Yeah. We are a year into our asset rotation strategy. Overall have exceeded about $30 million, slightly over. You know, we don't really break out over each particular asset cap rate, but still hovering around about 2% in sales cap rates.
Okay, great. In your prepared remarks, you made mention of debt reduction with proceeds. Maybe you could talk a little bit about sort of how you're viewing the overall prioritization of cash usage in the near term. I have another follow-up on that.
Yeah, absolutely. First and foremost, we, as we've continued to say, paying down our line of credit is the most accretive use of proceeds. You'll continue to hear us talk about that as we sell non-core assets. After that, I would say it's a close second between buying back stock, which at current levels is extraordinarily accretive to shareholders versus highly accretive acquisitions in markets where we have strong conviction for growth. You know, every month we're meeting with the board, talking to them about balancing those three capital allocations, but it will be one of the three through the year.
Great. I want to shift gears to the utilization performance, which certainly sounded encouraging. Maybe you could talk a little bit about what that pacing looked like or, you know, was that sort of across the board through the quarter and maybe what you were seeing there as far as the utilization improvements.
Yeah. Utilization is the single most important factor that we consider when we're looking at the underlying performance of assets. It's really because utilization each parking stall is perishable by the hour. Unlike most real estate where you have either long-term leases or in hotels you have a daily user, we can turn a stall two, three, four times a day. When you start to approach stabilized assets, you're actually over 100% utilization. We look at utilization several different ways. There's sort of pre-stabilized, where rate is really what you're using to drive and win those long-term, longer term sticky contracts, either residential or contractual or hotel. From there, you really have the rate lever every year with all three of those. That's really how we're focused right now.
It's making sure that the parker mix is right for the asset, between residential, your contract commercial, so your monthly worker downtown and then, hotel and then backfilling with transient.
Okay. I think you made mention in your prepared remarks around return to office trends or activity. Maybe you could spend a little time on what you've seen there and how it's benefited you, if that was a particular market or where that benefit is that you're seeing on the return to office trends. Thanks.
Yeah, absolutely. I would say it is really across the portfolio. The difference is it's more consistent. Certainly in the Midwest, we are seeing larger blocks. Texas as well. It's blocks of parkers as opposed to one on one individuals approaching for parking. We are getting a much larger interest base for companies looking for bringing back people full-time. They need 500 to 1,000 parking spaces. That's really the difference. I would say it's market agnostic. We're seeing it sort of throughout the portfolio, certainly in some cities or submarkets more than others.
Great. Thank you very much.
Thanks, Marc.
Thank you. As a reminder, ladies and gentlemen, that's star one one to ask a question. I'm showing no further questions in the queue. That concludes today's conference call. Thank you for your participation. You may now disconnect.
Investor releaseQuarter not tagged2026-05-11Mobile Infrastructure Corp (BEEP) Q1 2026 Earnings Report Preview: What To Look For
GuruFocus.com
Mobile Infrastructure Corp (BEEP) Q1 2026 Earnings Report Preview: What To Look For
This article first appeared on GuruFocus. Mobile Infrastructure Corp (NASDAQ:BEEP) is set to release its Q1 2026 earnings on May 12, 2026. The consensus estimate for Q1 2026 revenue is $8.34 million, and the earnings are expected to come in at -$0.10 per share. The full year 2026's revenue is expected to be $36.37 million and the earnings are expected to be -$0.34 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 6 Warning Signs with BEEP. Is BEEP fairly valued? Test your thesis with our free DCF calculator. Revenue estimates for Mobile Infrastructure Corp (NASDAQ:BEEP) have increased from $35.98 million to $36.37 million for the full year 2026 and increased from $43.63 million to $44.42 million for 2027 over the past 90 days. Earnings estimates have declined from -$0.33 per share to -$0.34 per share for the full year 2026 and declined from -$0.20 per share to -$0.21 per share for 2027 over the past 90 days. In the previous quarter ending December 31, 2025, Mobile Infrastructure Corp's (NASDAQ:BEEP) actual revenue was $8.76 million, which beat analysts' revenue expectations of $8.63 million by 1.48%. The actual earnings were -$0.19 per share, which missed analysts' expectations of -$0.11 per share by -72.73%. After releasing the results, Mobile Infrastructure Corp (NASDAQ:BEEP) was up by 0.33% in one day. Based on the one-year price targets offered by 3 analysts, the average target price for Mobile Infrastructure Corp (NASDAQ:BEEP) is $6.17 with a high estimate of $7.00 and a low estimate of $5.00. The average target implies an upside of 239.76% from the current price of $1.82. Based on GuruFocus estimates, the estimated GF Value for Mobile Infrastructure Corp (NASDAQ:BEEP) in one year is $0.00, suggesting a downside of -100% from the current price of $1.82. Based on the consensus recommendation from 3 brokerage firms, Mobile Infrastructure Corp's (NASDAQ:BEEP) average brokerage recommendation is currently 1.7, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Investor releaseQuarter not tagged2026-04-16Mobile Infrastructure Announces Timing of First Quarter 2026 Earnings Release and Conference Call
GlobeNewswire
Mobile Infrastructure Announces Timing of First Quarter 2026 Earnings Release and Conference Call
CINCINNATI, April 15, 2026 (GLOBE NEWSWIRE) -- Mobile Infrastructure Corporation (NASDAQ: BEEP), the nation’s only publicly traded owner of parking infrastructure, will issue its first quarter 2026 earnings release after the U.S. market closes on Tuesday, May 12, 2026. You are invited to participate in the Company’s conference call hosted by senior management on Tuesday, May 12, 2026, at 4:30 PM Eastern Time. Q1 2026 Conference Call Date & Time: Tuesday, May 12, 2026, at 4:30 PM Eastern Time Participants who wish to access the live conference call may do so by registering here. Upon registration, a dial-in and unique PIN will be provided to join the call. A live, listen-only webcast of the conference call may be accessed from the Investor Relations section of the Company’s website, or by registering here. For those who are unable to listen to the live broadcast, a replay of the webcast will be available in the “News & Events” section of the Investor Relations website under “IR Calendar” for one year. About Mobile Infrastructure Corporation Mobile Infrastructure Corporation (NASDAQ: BEEP), headquartered in Cincinnati, Ohio, owns and operates a diversified portfolio of parking facilities across the United States. As of March 31, 2026, the Company owned 35 parking facilities in 19 separate markets with a total of approximately 13,200 parking spaces and approximately 4.6 million square feet. Mobile Infrastructure is focused on the future of urban mobility, repositioning parking assets as critical components of transportation infrastructure. Investor Relations Contact: David Gold Lynn Morgan [email protected] 212-750-5800
Investor releaseQuarter not tagged2026-03-03Mobile Infrastructure Reports Fourth Quarter and Full Year 2025 Financial Results
GlobeNewswire
Mobile Infrastructure Reports Fourth Quarter and Full Year 2025 Financial Results
--Contract Parking Momentum Continued with 10% Volume Growth in 2025-- --Asset Rotation Strategy Met $30 Million Sales Target in First Year-- --Multiple Catalysts Support Guidance for Accelerated Growth in 2026-- --Conference Call Will be Held March 2nd at 4:30 PM ET-- CINCINNATI, March 02, 2026 (GLOBE NEWSWIRE) -- Mobile Infrastructure Corporation (NASDAQ: BEEP) (“Mobile”, “Mobile Infrastructure” or the “Company”), the nation’s only publicly traded owner of parking infrastructure, today announced results for the fourth quarter and full year ended December 31, 2025. "Our fourth quarter and full year 2025 results demonstrated consistent execution on our strategic priorities, while we navigated temporary disruptions in our markets," said Stephanie Hogue, Chief Executive Officer. "Encouragingly, we are beginning to see green shoots throughout our portfolio as our strategic efforts and portfolio optimization gain traction. Contract parking volumes grew 10% year-over-year and were up 2% in the fourth quarter, reflecting return-to-office momentum that is accelerating across our markets. Our residential monthly contracts increased nearly 60% since prior year-end, and residential and commercial monthly parking represented approximately 35% of our management agreement revenue in 2025, providing a stable base of recurring income. “Additionally, we have seen meaningful improvements in assets where we have combined predictive analytics technology with our on-the-ground knowledge and operations to attract and retain parkers at our downtown locations. Actions are underway to further improve retention and utilization across our portfolio, underpinning our growth expectations for 2026. The year-long disruptions in key markets such as Cincinnati, with the closure of the Convention Center, the 16th Street Mall Redevelopment in Denver, and construction as part of Nashville’s 2nd Avenue rebuild project, pressured our transient volumes both in the fourth quarter and the full year. However, as of January 2026, all three of these venues have reopened, which supports our expectation for improved transient volumes. “In 2025, we made substantial progress on strengthening the balance sheet, completing a $100 million ABS refinancing with three new institutional investors and reducing our line of credit utilization with the paydown of approximately $10 million in debt in the fourth quar...
Investor releaseQuarter not tagged2026-03-03Mobile Infrastructure Corp (BEEP) Q4 2025 Earnings Call Highlights: Strategic Growth Amidst ...
GuruFocus.com
Mobile Infrastructure Corp (BEEP) Q4 2025 Earnings Call Highlights: Strategic Growth Amidst ...
This article first appeared on GuruFocus. Release Date: March 02, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Mobile Infrastructure Corp (NASDAQ:BEEP) executed key strategic priorities in 2025, positioning the company for future growth. The company saw a 10% year-over-year growth in contract parking, with residential contracts increasing by approximately 60%. Phase one of the asset rotation strategy was successfully executed, with over $30 million of non-core assets sold or under contract. A $100 million asset-backed securitization was completed, enhancing flexibility and validating the quality of underlying collateral. The company continued to deleverage its portfolio, paying down approximately $10 million on the line of credit in the fourth quarter. Consolidated revenue and net operating income (NOI) declined year over year. Transient volumes decreased by 6% in 2025 due to temporary disruptions in certain markets. Revenue per available stall (RevPass) decreased by 5% in the fourth quarter compared to the prior year. The company is facing extraordinary uncertainty around how artificial intelligence will reshape work and office usage. Weather disruptions in early 2026, such as storms affecting Nashville and Cincinnati, impacted operations. Warning! GuruFocus has detected 5 Warning Signs with BEEP. Is BEEP fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide details on the asset dispositions closed in the quarter and those yet to close in the $30 million figure? A: Stephanie Hogue, CEO: We have one asset remaining to close this quarter, expected in the next 14 to 20 days. Anything else in 2026 will be towards the back quarter of the year. Q: Are there any assets currently in the pipeline for sale, or is it a matter of timing to work through the process? A: Stephanie Hogue, CEO: There are assets in the pipeline. We are balancing speed to close with finding the right buyer, so targeted conversations are ongoing, mostly for the back half of this year. Q: What impact do you expect from the completed construction projects in markets like Cincinnati, Denver, and Nashville? A: Stephanie Hogue, CEO: Cincinnati is showing expected impacts with well-attended events and increased contract revenue. Nashville's Second Street corridor has reopened, and we anticipate seeing Cincinnati'...
Investor releaseQuarter not tagged2026-03-03Mobile Infrastructure Q4 Earnings Call Highlights
MarketBeat
Mobile Infrastructure Q4 Earnings Call Highlights
Contract parking and residential growth: The company ended 2025 with over 6,700 contract parking agreements—driving ~10% same-store sales growth (12% ex‑Detroit)—and saw residential contracts rise ~60% as office-to-apartment conversions create more stable, 24‑hour revenue streams while pursuing a "volume first, rate second" pricing approach. Mixed 2025 results but balance-sheet moves: Q4 Adjusted EBITDA held flat at $3.9M despite softer transient volumes and full‑year revenue fell 5.2% to $35.1M, while management completed phase I asset rotations (~$30M), closed a $100M asset‑backed securitization, paid down debt and repurchased >1.6M shares. 2026 outlook: Guidance calls for revenue of $35M–$38M and Adjusted EBITDA of $15M–$16.5M (midpoint implying ~10% EBITDA growth), assuming contract growth and a rebound in transient volumes and excluding any additional asset sales. Interested in Mobile Infrastructure Corporation? Here are five stocks we like better. Mobile Infrastructure (NASDAQ:BEEP) executives said the company spent 2025 strengthening its operating and financial foundation, even as revenue and net operating income declined year-over-year due to softer transient volumes and localized disruptions at several assets. On the company’s fourth-quarter and full-year 2025 earnings call, CEO Stephanie Hogue said management executed key strategic priorities—most notably a focus on building recurring contract parking revenue, completing the first phase of an asset rotation plan, and taking steps to improve the balance sheet. While results fell short of the growth the company originally expected, Hogue pointed to “green shoots” in demand and identifiable catalysts that management believes can support progress in 2026. → Defense Stocks Are Soaring—AeroVironment's Earnings Could Close the Gap Hogue emphasized that contract parking remains the operating base for the business, providing stability and reducing volatility. The company ended 2025 with more than 6,700 contracts in its baseline assets, which management said represented same-store sales growth of 10% year-over-year and 12% growth when excluding a temporary disruption in Detroit. Contract parking represents about 35% of management agreement revenue, according to Hogue. Management described a deliberate approach to improving performance: “volume first, rate second.” Hogue said the company accepted lower initia...
Investor releaseQuarter not tagged2026-03-03Mobile Infrastructure Corporation Q4 2025 Earnings Call Summary
Moby
Mobile Infrastructure Corporation Q4 2025 Earnings Call Summary
Management intentionally prioritized occupancy over pricing in 2025, adopting a 'volume first, rate second' playbook to stabilize assets and win market share. Contract Parking grew 10% year-over-year to 6,700 contracts, providing a stable recurring revenue base that now represents 35% of management agreement revenue. Residential parking contracts surged 60% as downtown office-to-apartment conversions transformed weekday-centric assets into 24-hour revenue platforms. Transient revenue faced a 6% decline due to micro-market disruptions from physical construction projects in Detroit, Denver, and Nashville, though rates remained resilient. Phase 1 of the asset rotation strategy saw over $30 million in non-core assets sold or contracted at an aggregate 2% cap rate, highlighting a disconnect between private market values and stock price. The company is transitioning its data strategy to improve 'operational fluidity' after identifying technology barriers that hindered revenue management in high-volume assets. 2026 guidance projects 8% revenue growth and 10% NOI growth on a same-portfolio basis, assuming continued contract volume momentum and transient recovery. The reopening of the Cincinnati Convention Center and completion of major infrastructure projects in Denver and Nashville are expected to serve as immediate demand tailwinds. Management anticipates that reaching stabilized occupancy levels will unlock future pricing leverage and allow for parker mix optimization across core markets. Capital allocation will prioritize paying down the line of credit and executing opportunistic share repurchases over aggressive new acquisitions in the near term. Long-term strategy involves evolving assets into 'intelligent infrastructure' that captures data on urban mobility patterns beyond simple parking transactions. Completed a $100 million asset-backed securitization in Q3, extending debt maturities and validating the quality of the underlying collateral with institutional investors. Reduced the line of credit by approximately $10 million in Q4 using proceeds from asset sales to lower the overall cost of capital. Repurchased over 1.6 million shares at an average price of $3.25, reflecting management's view that shares trade significantly below Net Asset Value (NAV). The Detroit asset, one of the portfolio's largest, remains under active redevelopment, causing near-term Rev...

