Welcome to our dedicated page for Mobile Infrastructure Corporation Ne news (Ticker: BEEP), a resource for investors and traders seeking the latest updates and insights on Mobile Infrastructure Corporation Ne stock.
Mobile Infrastructure Corporation (BEEP) is a Maryland-based owner and operator of parking and mobility real estate across the United States. The company describes itself as the only publicly traded owner of parking infrastructure in the country and focuses on acquiring, owning, and leasing parking lots, parking garages, and related parking structures. Its news flow provides insight into both operating performance and capital structure decisions that affect this specialized real estate platform.
News about Mobile Infrastructure frequently covers quarterly financial results, where the company reports metrics such as total revenue, net operating income (NOI), Adjusted EBITDA, contract parking volumes, transient volumes, transient rates, and Revenue Per Available Stall (RevPAS). Management commentary in these releases discusses trends in residential and commercial monthly parking, transient demand linked to events and hotel occupancy, and the impact of construction and weather in key markets.
Investors following BEEP news will also see updates on the company’s multi-year portfolio optimization and asset rotation strategy, including progress on divesting non-core assets and reinvesting in larger properties with multiple demand drivers. Capital markets activity is another recurring theme, highlighted by announcements of credit agreement amendments, use of a line of credit, and the completion of a $100 million asset-backed securitization secured by selected parking assets.
Additional news items include leadership transitions, such as the appointment of a new Chief Executive Officer and the creation of an Executive Chairman role, as well as the company’s uplisting from NYSE American to Nasdaq under the BEEP ticker. Conference participation, investor meetings, and earnings call schedules are also disclosed. For investors, analysts, and observers interested in parking infrastructure and mobility-focused real estate, the BEEP news page offers a centralized view of Mobile Infrastructure’s operating updates, strategic initiatives, and financing developments.
Mobile Infrastructure Corporation (NYSE: BEEP), a company specializing in parking asset ownership across the United States, has announced its participation in the upcoming Barrington Research Virtual Spring Investment Conference. The company's President, Stephanie Hogue, will be conducting one-on-one meetings with investors during the virtual event scheduled for May 29, 2025.
Mobile Infrastructure (NYSE: BEEP) reported its Q1 2025 financial results with total revenue of $8.2 million, down 6.7% year-over-year, and a net loss of $4.3 million. The company's performance showed stability when adjusting for a $0.6M benefit from 2023 revenue recognition in Q1 2024. Key metrics include:
- NOI of $4.5 million - Adjusted EBITDA of $2.7 million - Same location RevPAS of $184.00 (excluding Detroit location) - Contract parking volumes increased 4.1% sequentially
The company reaffirmed its full-year 2025 guidance with: - NOI: $23.5M-$25.0M - Revenue: $37.0M-$40.0M - Adjusted EBITDA: $16.5M-$18.0M
Notably, BEEP will transfer its listing to Nasdaq on May 23, 2025, and is implementing a portfolio optimization program to divest approximately $100 million in non-core assets.
Mobile Infrastructure Corporation [NYSE American: BEEP], a Cincinnati-based company specializing in parking facility ownership and leasing, has scheduled its Q1 2025 earnings release for Monday, May 12, 2025, after U.S. market close.
Key Details:
- Conference Call: Tuesday, May 13, 2025, at 8:00 AM Eastern Time
- Participation Numbers: 1-866-652-5200 (Domestic), 1-412-317-6060 (International)
- Webcast Access: Available through Investor Relations section
- Replay Available: Archived webcast accessible for three months until August 13, 2025
The company focuses on acquiring and managing parking-related infrastructure across the United States, including parking lots, garages, and structures. Investors can access the live webcast through the company's Investor Relations website, with an archived version available approximately two hours after the call concludes.
Mobile Infrastructure (NYSE American: BEEP), a company specializing in parking assets across the United States, has announced its participation in the upcoming Sidoti Small Cap Virtual Conference scheduled for March 19-20, 2025.
Company President Stephanie Hogue will deliver a presentation on Wednesday, March 19, at 3:15pm ET and conduct one-on-one meetings with investors throughout the day. The presentation will be accessible via live webcast, with free registration available through Sidoti's platform.
Mobile Infrastructure (NYSE: BEEP) reported its Q4 and full-year 2024 results, showing growth despite challenging market conditions. Q4 revenue increased 16% to $9.2M, with net loss narrowing to $1.0M from $6.5M. Full-year 2024 revenue grew 22.3% to $37.0M, while net loss improved to $8.4M from $38.2M.
The company successfully converted most assets to management contracts, strengthened its balance sheet with $87.5M in refinancing, and completed three non-core asset sales. Same location RevPAS was $200.44 in Q4, up 1% YoY, while full-year RevPAS slightly decreased to $209.24 from $210.06.
2025 guidance projects Net Operating Income of $23.5M-$25.0M (7% growth at midpoint) on revenues of $37.0M-$40.0M, with Adjusted EBITDA expected at $16.5M-$18.0M (9% growth at midpoint).
Mobile Infrastructure (NYSE American: BEEP), a company focused on parking facilities and infrastructure across the United States, has scheduled its fourth quarter and full year 2024 earnings release for March 10, 2025, after U.S. market close.
The company will host a conference call with senior management on March 11, 2025, at 8:00 AM Eastern Time. Participants can join by dialing 1-866-652-5200 (U.S.) or 1-412-317-6060 (International). A live webcast will be available in the Investor Relations section of the company's website, and an archived version will be accessible until June 11, 2025.
Mobile Infrastructure (NYSE: BEEP) has completed $87.5 million in refinancing transactions through two separate loans at a 7.69% weighted average interest rate, with maturities between 2027 and 2034. The company used the proceeds to repay a $48.8 million KeyBank loan at 8.19% interest and two additional loans totaling $31.3 million secured by parking assets in Chicago and Cincinnati.
The refinancing has extended substantially all of the company's 2024 and 2025 debt maturities, maintaining a leverage ratio below 55% Loan-to-Value. Additionally, Mobile Infrastructure completed a buyout of a minority partner in one of its assets. The refinancing includes a multi-asset CMBS pool transaction and a single-asset CMBS refinancing with a regional bank, establishing new lending relationships.
Mobile Infrastructure (NYSE American: BEEP) reported its Q3 2024 financial results. Total revenue increased by 21% to $9.8 million compared to the prior-year period. Net loss significantly decreased to $1.9 million from $24.6 million. Net Operating Income (NOI) rose 3.8% to $6.1 million, and Adjusted EBITDA increased by 2.2% to $4.5 million. Same location RevPAS improved by 1.6% to $227.60. The company secured a $40.4 million line of credit, paid accrued dividends on preferred stock, and started a common stock repurchase plan. Mobile reaffirmed its full-year 2024 guidance, projecting revenue between $38 million and $40 million, and NOI between $22.5 million and $23.25 million. CEO Manuel Chavez III highlighted the positive impact of emerging secular trends, including a return to office and conversions of office space to residential rentals, which are expected to benefit future growth. A conference call will be held on November 13th at 8 AM ET to discuss the results.
Mobile Infrastructure (NYSE American: BEEP), a leading owner of mobility-focused parking assets in the US, announced that Stephanie Hogue, President, will present and host one-on-one investor meetings at the Sidoti Micro Cap Virtual Conference on November 13-14, 2024.
The presentation is scheduled for 10:45 am ET on Thursday, November 14. Ms. Hogue will also be available for virtual one-on-one meetings with investors on the same day.
Interested parties can access the live presentation webcast at this link. To register for a one-on-one meeting, please visit Sidoti's events page. Registration is free and does not require being a Sidoti client.
Mobile Infrastructure [NYSE American: BEEP], a company specializing in parking assets across the United States, has announced the timing for its third quarter 2024 earnings release and conference call. The earnings release will be issued before the U.S. market opens on Wednesday, November 13, 2024. A conference call hosted by senior management will follow at 8:00 AM Eastern Time on the same day.
To participate in the call, dial 1-866-652-5200 (U.S.) or 1-412-317-6060 (international) approximately ten minutes before the start time. A live webcast will be available on the company's Investor Relations website. An archived version of the webcast will be accessible until January 13, 2025.