Financial Data and Key Metrics Changes - Revenue for the first quarter of 2025 was $8,200,000, stable compared to 2024 when adjusted for accounting changes, but down 6.7% on a GAAP basis from $8,800,000 in Q1 2024 [21] - Net Operating Income (NOI) was $4,500,000, down 17% from the previous year's first quarter, primarily due to a $600,000 revenue benefit in the prior year [23] - Adjusted EBITDA was $2,700,000, down about 21% from $3,500,000 in the prior year, with an adjusted EBITDA margin of 33.4% [24] - The company maintains its 2025 revenue guidance of $37,000,000 to $40,000,000 and expects NOI to range from $23,500,000 to $25,000,000, representing year-on-year growth of 7% at the midpoint [25] Business Line Data and Key Metrics Changes - Monthly or contract parking now represents more than 35% of management contract parking revenue, providing more stable cash flow [18] - Revenue per available stall (RevPAS) was $184 per stall, slightly up from $183 in the prior year when excluding the Detroit location [22] Market Data and Key Metrics Changes - The first quarter is typically the lightest season, with adverse weather and construction impacting demand, particularly in Cincinnati [7] - Transient transactions declined compared to the prior year, but average transient rates increased, indicating pricing power despite lower volume [8] Company Strategy and Development Direction - The company is focused on converting its core portfolio into management agreements to drive increased utilization and optimize its asset portfolio by rotating out non-core assets [5][10] - A 36-month disposition program targeting approximately $100,000,000 of non-core properties is underway, with proceeds to be reinvested into higher potential income-generating assets [11] - The company is exploring additional revenue streams, including electric vehicle charging and partnerships with autonomous vehicle operators [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged seasonal headwinds and external factors that muted top-line growth but emphasized that underlying operating metrics are moving in the right direction [12] - The completion of the Cincinnati convention center renovation is expected to improve demand in the future [31] - Management remains confident in the annual plan and the trajectory of the business, despite current challenges [25] Other Important Information - The company has a cash and restricted cash balance of $16,000,000 and total debt outstanding of $214,000,000 [25] - The company is actively working on refinancing its debt to enhance flexibility and support its capital rotation strategy [16] Q&A Session Summary Question: Will the convention center remodel in Cincinnati affect the rest of the year? - Management indicated that the completion timeframe has been moved up, with an expected opening in December of this year or January of next year [31] Question: What about operating expenses in the quarter? - Management noted that security expenses have increased and some planned maintenance expenses were moved forward, but they expect these to align with guidance for the year [32] Question: Is the Renaissance Center in Detroit a drag on overall portfolio performance? - Management confirmed that the asset has moved to a revenue trough more quickly than anticipated, but redevelopment should alleviate downward pressure in the future [33][34] Question: What is the timeline for refinancing debt? - Management stated that most maturities are in 2026 and 2027, and they are working on refinancing to provide flexibility for their capital rotation strategy [36][38] Question: How sustainable are the improved contract parking demand trends? - Management indicated that transient rates are holding steady, and as downtown parking demand increases, pricing power is expected to shift towards the company [44][45] Question: Can you elaborate on the EV revenue sharing initiatives? - Management mentioned that EV charging is being implemented in several garages, but utilization will take time to build as customers need to be aware of the availability [46][47]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $8,200,000, stable compared to Q1 2024 when adjusted for accounting changes, but down 6.7% on a GAAP basis from $8,800,000 in Q1 2024 [20][25] - Net Operating Income (NOI) was $4,500,000, down 17% from the previous year's first quarter [23] - Adjusted EBITDA was $2,700,000, a decrease of about 21% from $3,500,000 in the prior year [24] - The internal Net Asset Value (NAV) remains at $7.25 per share, indicating a material discount relative to the stock price [14][15] Business Line Data and Key Metrics Changes - Monthly or contract parking now represents over 35% of management contract parking revenue, providing more stable cash flow [17] - Revenue per available stall (RevPAS) was $184 per stall, slightly up from $183 in the prior year when excluding the Detroit location [21] Market Data and Key Metrics Changes - The first quarter is typically the lightest season, and this year was impacted by severe weather and construction disruptions [7][12] - Transient transactions declined compared to the prior year, but average transient rates increased, indicating pricing power despite lower volume [8] Company Strategy and Development Direction - The company is focused on converting its core portfolio into management agreements to drive utilization and optimize its asset portfolio [5][10] - A 36-month disposition program targeting approximately $100,000,000 of non-core properties is underway to reinvest in higher potential assets [10][11] - The company is exploring complementary revenue streams, including electric vehicle charging and partnerships with autonomous vehicle operators [11][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged seasonal headwinds that muted top-line growth but noted that underlying operating metrics are moving in the right direction [12] - The company maintains its 2025 guidance for revenue between $37,000,000 and $40,000,000 and NOI between $23,500,000 and $25,000,000, representing year-on-year growth [25] Other Important Information - The company has a $40,000,000 credit facility in place to manage preferred stock redemptions and has reinstated dividends to preferred shareholders [13] - The company is actively evaluating debt facilities to ensure swift capital reallocation following asset sales [11][15] Q&A Session Summary Question: Will the convention center remodel in Cincinnati affect the rest of the year? - Management indicated that the convention center's completion is expected by December of this year or January of next year, with street closures also nearing completion [30] Question: Are there any one-time operating expenses in the quarter? - Management confirmed that security expenses have increased and some planned maintenance expenses were moved forward, but they expect these to align with guidance for the year [32] Question: What is the outlook for the Renaissance Center in Detroit? - Management noted that the asset has moved to a revenue trough more quickly than anticipated, but redevelopment should alleviate downward pressure on overall performance [33][34] Question: What is the timeline for refinancing debt? - Management stated that most maturities are in 2026 and 2027, and they are working on refinancing options to provide flexibility for their capital rotation strategy [36][38] Question: How sustainable are the improved contract parking demand trends? - Management indicated that transient rates are holding steady, and as downtown parking demand increases, pricing power is expected to shift towards the company [42][44] Question: Can you elaborate on the EV revenue sharing initiatives? - Management confirmed that EV charging is being implemented in several garages, with utilization expected to build over several quarters as awareness increases [45][46]

Core Viewpoint - Mobile Infrastructure Corporation reported a quarterly loss of $0.10 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.09, indicating an earnings surprise of -11.11% [1] Financial Performance - The company posted revenues of $8.24 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 7.37% and down from $8.83 million a year ago [2] - Over the last four quarters, the company has only surpassed consensus EPS estimates once [2] - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $9.98 million, and for the current fiscal year, it is -$0.30 on revenues of $38.78 million [7] Stock Performance - Mobile Infrastructure Corporation shares have declined approximately 9.1% since the beginning of the year, compared to a decline of -3.8% for the S&P 500 [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Industry Outlook - The Real Estate - Operations industry, to which Mobile Infrastructure Corporation belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges ahead [8]

First Quarter 2025 Revenue was Stable Year-over-Year, Adjusting for a $0.6 Million First Quarter 2024 Benefit from 2023 Revenue Recognition Higher Contract Parking Volumes Reflect Management Focus on Increased Utilization Exhibit 99.1 Mobile Infrastructure Reports First Quarter 2025 Financial Results Portfolio Optimization Program Underway Commenting on the results, Manuel Chavez III, Chief Executive Officer, said, "While year-over-year financial comparisons were exacerbated by several asset-specific headwi ...

Company Overview and Strategy - Mobile Infrastructure owns a diversified portfolio of parking assets primarily in the Midwest and Southwest[6] - The company aims to improve revenue consistency and NOI margin by converting leased contracts to managed contracts[6] - Mobile Infrastructure leverages data analytics to drive revenue and NOI[6] - The company intends to become the acquirer of choice in the parking industry through a tax-efficient acquisition program[6] Financial Performance and Pipeline - Mobile Infrastructure's NAV is $725 per share[6] - The company has a $300 million pipeline of potential acquisitions[6] - For the quarter ended March 31, 2025, managed property revenue was $6545 thousand, while base rental income was $1459 thousand[51] - Net Operating Income (NOI) for the quarter ended March 31, 2025, was $4464 thousand, a 174% decrease compared to $5402 thousand for the quarter ended March 31, 2024[51] Market and Industry - The U S parking industry generates approximately $131 billion in annual revenue[31] - The U S has approximately 1 billion parking spaces[32]

Mobile Infrastructure (BEEP) Q4 2024 Earnings Call March 11, 2025 04:21 PM ET Company Participants Casey Kotary - Investor Relations RepresentativeManuel Chavez - CEOStephanie Hogue - President, Secretary, Treasurer & DirectorKevin Steinke - Managing Director Conference Call Participants John Massocca - Senior Research AnalystMark Riddick - Senior Equity Analyst Casey Kotary Good afternoon, everyone, and thank you for joining us to review Mobile's fourth quarter and full year twenty twenty four performance. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-40415 Mobile Infrastructure Corporation (Exact name of registrant as specified in its charter) ...

INVESTOR PRESENTATION 4th Quarter 2024 Legal Disclaimer FORWARD-LOOKING STATEMENTS THIS PRESENTATION INCLUDES FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL STATEMENTS, OTHER THAN STATEMENTS OF PRESENT OR HISTORICAL FACT, THAT ADDRESS THE FUTURE FINANCIAL PERFORMANCE OF MOBILE INFRASTRUCTURE CORPORATION (THE "COMPANY"), AS WELL AS THE COMPANY'S STRATEGY, FUTURE OPERATIONS, FUTURE OPERATING RESULTS, FINANCIAL POSITION, ESTIMATED REVENUES, AND LOSSES ...

Financial Data and Key Metrics Changes - Revenue for Q4 2024 was $9.2 million, a 16% increase from $7.9 million in Q4 2023 [29] - Full year revenue reached $37 million, up 22.3% year-over-year [34] - Net operating income (NOI) for Q4 2024 was $5.5 million, a 1% increase from the previous year [33] - Adjusted EBITDA for Q4 2024 was $3.9 million, up 16% from $3.3 million in Q4 2023 [34] - Total debt outstanding at the end of 2024 was $213.2 million, compared to $192.9 million at the end of 2023 [35] Business Line Data and Key Metrics Changes - The conversion of 29 parking assets to management contracts has led to higher revenue recognition based on usage rather than cash collections [30] - Revenue per available stall (RevPAS) increased 1% year-over-year to $200.44 per stall in Q4 2024 [31] - Property operating expenses rose to $1.9 million in Q4 2024 from $0.5 million in the same quarter last year, primarily due to the shift to management contracts [32] Market Data and Key Metrics Changes - The company noted a significant increase in demand for 24x7 parking access due to the conversion of Class B downtown office spaces to residential apartments [13][14] - The company anticipates a positive impact on revenue growth from ongoing urban redevelopment projects in its markets [15][17] Company Strategy and Development Direction - The company is implementing a 36-month asset rotation strategy to divest non-core assets and reinvest in larger, more strategically located parking assets [21][22] - The management team is focused on optimizing the portfolio to enhance revenue consistency and growth [49] - The company is preparing for future market demands, including autonomous vehicles, by investing in infrastructure improvements [36][37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth in contract parking revenue and a recovery in transient volumes in 2025 [40] - The company expects revenue for 2025 to range from $37 million to $40 million, with NOI projected between $23.5 million and $25 million [38] Other Important Information - The company repurchased 420,000 shares in 2024, reflecting confidence in its long-term prospects [23] - The company completed $87.5 million in refinancings in Q4 2024, extending the maturities of its secured debt [28] Q&A Session Summary Question: Can you talk about the property capital recycling plan and expected dispositions? - The company is analyzing its portfolio to identify assets with the highest and best use, aiming to reposition it for consistent revenue growth [48][49] Question: What is the likelihood of significant transaction volume in 2025? - The objective is to be under contract for about a third of non-core assets by the end of 2025 [51] Question: How will the Detroit property impact 2025 guidance? - Disruption and stress on parking income from the Detroit property are accounted for in the 2025 guidance [56] Question: Can you discuss the revenue mix and demand expectations for 2025? - The focus is on contract leasing in the core portfolio, with expectations for growth driven by utilization and new demand drivers [64][66] Question: What is the RevPAS growth assumption for guidance? - Most RevPAS growth is expected to come from utilization rather than rate growth [88]

Financial Performance - Total revenue for Q4 2024 was $9.2 million, a 16.0% increase from $7.9 million in Q4 2023[7] - Full year 2024 total revenue reached $37.0 million, up 22.3% from $30.3 million in 2023[13] - Total revenues for Q4 2024 reached $9,157,000, an increase from $7,892,000 in Q4 2023, representing a growth of 16.1%[35] - Managed property revenue for the year ended December 31, 2024, was $27,848,000, compared to $0 in 2023, indicating a significant new revenue stream[35] Net Loss and Income - Net loss for Q4 2024 narrowed to $1.0 million from $6.5 million in the prior-year quarter[11] - The company reported a net loss of $1,033,000 for Q4 2024, an improvement from a net loss of $6,547,000 in Q4 2023; the full year net loss decreased to $8,381,000 from $38,238,000[41] - The company reported a basic and diluted loss per share of $0.03 for Q4 2024, compared to a loss of $0.34 in Q4 2023, indicating a significant reduction in loss per share[35] Operating Income and EBITDA - Net Operating Income (NOI) for Q4 2024 was $5.5 million, a 0.6% increase year-over-year[11] - Adjusted EBITDA for Q4 2024 was $3.9 million, representing a 16.0% increase from $3.3 million in Q4 2023[12] - Net Operating Income (NOI) for Q4 2024 was $5,504,000, a slight increase of 0.6% from $5,470,000 in Q4 2023; for the full year, NOI increased by 7.2% to $22,633,000 from $21,109,000[40] - Adjusted EBITDA for Q4 2024 was $3,874,000, up from $3,341,000 in Q4 2023; for the full year, Adjusted EBITDA increased to $15,799,000 from $14,777,000[41] Debt and Financial Flexibility - Total debt outstanding as of December 31, 2024, was $213.2 million, compared to $192.9 million at the end of 2023[18] - The company completed $87.5 million in refinancings in late 2024, enhancing financial flexibility[5] - The company reported interest expenses of $4,416,000 for Q4 2024, compared to $3,017,000 in Q4 2023; total interest expenses for the year were $13,830,000[41] Assets and Liabilities - Total assets decreased to $415,062,000 in 2024 from $423,237,000 in 2023, reflecting a decline of 1.9%[33] - Total liabilities increased to $225,791,000 in 2024 from $220,282,000 in 2023, marking a rise of 2.3%[33] - Cash and cash equivalents decreased to $10,655,000 in 2024 from $11,134,000 in 2023, a decline of 4.3%[33] - The company’s accumulated deficit increased to $140,056,000 in 2024 from $134,291,000 in 2023, reflecting a rise of 4.3%[33] Share Repurchase and Non-controlling Interest - The company repurchased approximately 420,000 shares at an average price of $3.14 per share, totaling $1.3 million[19] - Non-controlling interest decreased significantly from $71,741,000 in 2023 to $19,288,000 in 2024, a decline of 73.1%[33] Key Performance Metrics - Same location Revenue Per Available Stall (RevPAS) for Q4 2024 was $200.44, a 1% increase from the prior-year quarter[12] - Same location Revenue Per Available Stall (RevPAS) is a key performance measure for evaluating parking operations, reflecting the company's ability to manage revenue effectively[42] - The estimated total Net Asset Value (NAV) attributable to common stock was $332,086,000, with a NAV per fully diluted share of $7.25[45] Real Estate and Gains - Investments in real estate were valued at $546,130,000, contributing significantly to the total assets of $567,091,000[45] - The company experienced a significant gain on the sale of real estate amounting to $2,706,000 in Q4 2024, compared to no gain in Q4 2023[41] - The company’s general and administrative expenses decreased to $2,184,000 in Q4 2024 from $3,942,000 in Q4 2023, indicating improved cost management[41]