Mobile Infrastructure Corporation filings document the public reporting record for a U.S. parking infrastructure owner with one operating segment. Current reports and proxy materials cover operating results, managed property revenue, rental income, contract parking activity, portfolio strategy, and financial condition.
The company’s 8-K filings also record preferred stock dividend declarations for Series A Preferred Stock and Series 1 Preferred Stock, credit agreement amendments, related-party transactions, direct financial obligations, and other material events. Proxy materials address annual meeting matters, board governance, executive roles, and compensation arrangements, while capital-structure disclosures cover preferred equity, mortgage debt, credit facilities, and securitized financing.
Mobile Infrastructure Corporation is asking stockholders to approve six director nominees, ratify Grant Thornton LLP as auditor, and expand its 2023 incentive award plan while reporting a mixed 2025.
In 2025, total revenue declined 5% to $35.1 million from $37.0 million, but core management agreement revenue rose 3% to $28.6 million. NOI was $20.7 million and Adjusted EBITDA was $14.3 million, pressured by temporary disruptions in Cincinnati, Nashville, and Denver. The company completed a $100 million ABS refinancing, added three institutional lenders, and repaid $10 million on its line of credit.
Management executed or contracted over $30 million of non-core asset sales in the first phase of a $100 million asset rotation program, at cap rates near 2%. Contract volumes grew 10% to about 6,700, with residential contracts up over 60%. For 2026, guidance calls for revenue of $35.0–$38.0 million, NOI of $21.5–$23.0 million, and Adjusted EBITDA of $15.0–$16.5 million, reflecting expected recovery and continued portfolio optimization.
Mobile Infrastructure Corporation entered into a Third Amendment to its Credit Agreement with Harvest Small Cap Partners entities, extending the loan’s maturity date from March 31, 2026 to June 30, 2026. Because board co-chair Jeffrey Osher manages the investment advisor to these lenders, this amendment is treated as a related party transaction.
The board also declared monthly dividends on preferred shares. Holders of Series A Preferred Stock will receive $4.791 per share, and holders of Series 1 Preferred Stock will receive $4.583 per share, both payable on or about April 13, 2026 to holders of record on March 29, 2026 and March 24, 2026, respectively. Future dividends will depend on the board’s discretion and the company’s financial condition.
Hogue Stephanie reported acquisition or exercise transactions in this Form 4 filing.
Mobile Infrastructure Corp director and President & CEO Stephanie Hogue received an equity grant of 177,304 restricted stock units (RSUs) of common stock. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, contingent on her continued service.
Each RSU represents the right to receive one share of common stock. After this award, she directly holds 101,798 shares and 293,981 unvested RSUs. Additional shares are held indirectly through entities such as Bombe Asset Management, LLC and Bombe-MIC Pref, LLC, where she may be deemed a beneficial owner but disclaims beneficial ownership except for her pecuniary interest.
Gohr Paul M reported acquisition or exercise transactions in this Form 4 filing.
Mobile Infrastructure Corp’s Chief Financial Officer Paul M. Gohr received an equity award of 70,921 shares of common stock in the form of restricted stock units on March 5, 2026. These RSUs vest in three equal yearly installments starting one year after the grant date, encouraging longer-term retention.
Mobile Infrastructure Corporation, a Maryland company trading on Nasdaq as “BEEP,” focuses on acquiring, owning and optimizing parking facilities and related infrastructure across major U.S. metropolitan areas. As of December 31, 2025, it owned 36 facilities in 19 markets with approximately 13,500 spaces and 4.7 million square feet, plus 0.2 million square feet of adjacent commercial space.
The company operates primarily through Mobile Infra Operating Company, LLC, in which it holds about 90.3% of the common units. It reported net losses attributable to common stockholders of $22.4 million in 2025 and $7.5 million in 2024, reflecting start-up costs, depreciation and acquisition expenses. Revenue is highly concentrated with two operators, Metropolis Technologies and LAZ Parking, and in several urban markets such as Cincinnati, Detroit and Chicago.
Management’s strategy over the next twelve months centers on optimizing the mix of transient and contract parkers to improve revenue per available stall, expanding management contracts with third-party operators, pursuing tech-enabled ancillary revenues like EV charging, seeking accretive acquisitions and selectively selling non-core properties. The company highlights significant risks, including high leverage, refinancing needs, concentrated operators, evolving parking demand, climate and regulatory impacts, cybersecurity and AI-related risks, and the influence of a controlling stockholder.
Mobile Infrastructure Corporation reported weaker fourth quarter and full-year 2025 results while outlining plans for balance sheet improvement and growth in 2026. Q4 2025 revenue was $8.8 million, down modestly from $9.2 million, and net loss widened to $8.3 million from $1.0 million, impacted by higher interest expense, a $2.6 million loss on extinguishment of debt, and a $1.2 million impairment charge.
For 2025, revenue was $35.1 million versus $37.0 million, with net loss increasing to $23.7 million from $8.4 million, as interest expense rose to $19.0 million. Full-year NOI declined to $20.7 million from $22.6 million and Adjusted EBITDA to $14.3 million from $15.8 million. Same-location RevPAS eased to $199.36, reflecting construction disruptions and softer transient volumes.
Despite this, contract parking volumes grew 10% to about 6,700 contracts, with residential monthly contracts up nearly 60%, boosting recurring revenue. The company completed a $100 million ABS refinancing, reduced line-of-credit borrowings by roughly $10 million in Q4, and progressed on an asset rotation plan with about $30 million of non-core sales. For 2026, Mobile Infrastructure guides to revenue of $35–38 million, NOI of $21.5–23.0 million, and Adjusted EBITDA of $15.0–16.5 million, implying mid-single to low-teens percentage growth over 2025, excluding additional asset sales.
Mobile Infrastructure Corporation announced monthly cash dividends on its preferred stock. The board authorized a February dividend of $4.791 per share on Series A Preferred Stock and $4.583 per share on Series 1 Preferred Stock, payable on or about March 12, 2026.
The February dividend will be paid to Series A holders of record as of the close of business on February 25, 2026 and Series 1 holders of record as of February 24, 2026. The company notes that any future dividends will remain at the board’s discretion based on financial condition and other relevant factors.
Mobile Infrastructure Corporation reported that its board of directors has authorized and declared monthly cash dividends on its preferred stock for January 2026. Holders of Series A Preferred Stock will receive a dividend of $4.791 per share, and holders of Series 1 Preferred Stock will receive $4.583 per share, both payable on or about February 12, 2026.
The January dividend will be paid to Series A Preferred Stock holders of record as of the close of business on January 28, 2026, and to Series 1 Preferred Stock holders of record as of January 24, 2026. The company notes that any future dividends will be decided at the board’s discretion, based on financial condition, applicable law, and other factors the board considers relevant.
Mobile Infrastructure Corp President & CEO Stephanie Hogue reported equity award activity involving restricted stock units and common stock. On January 10, 2026, 78,125 restricted stock units converted into an equal number of common shares at an exercise price of $0, and 78,125 common shares were acquired with transaction code M. On the same date, 25,561 common shares were disposed of with transaction code F at $2.83 per share, leaving 218,475 directly held common shares, which consists of 101,798 shares of common stock and 116,677 unvested RSUs. The report also lists indirect holdings, including 42,631 shares through Bombe Asset Management, 299,728 shares through Bombe-MIC Pref, and small positions in several UGMA accounts for the benefit of children, with the reporting person disclaiming beneficial ownership in the Bombe entities except for her pecuniary interest.