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Mobile Infrastructure Announces Timing of Fourth Quarter and Full Year 2025 Earnings Release and Conference Call
Globenewswire· 2026-02-09 21:05
CINCINNATI, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Mobile Infrastructure Corporation (NASDAQ: BEEP), the nation’s only publicly traded owner of parking infrastructure, will issue its fourth quarter and full year 2025 earnings release after the U.S. market closes on Monday, March 2, 2026. You are invited to participate in the Company’s conference call hosted by senior management on Monday, March 2, 2026, at 4:30 PM Eastern Time. Q4 2025 Conference Call Date & Time:Monday, March 2, 2026, at 4:30 PM Eastern Time Pa ...
Mobile Infrastructure Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-10 21:05
Core Insights - Mobile Infrastructure Corporation reported a stable third quarter performance with contract parking volumes increasing by 8.0% year-to-date and 1.4% sequentially [3][18] - The company is on track with its asset rotation strategy, expecting to have approximately $30 million of non-core assets sold or under contract by the end of 2025 [20][21] - A recently completed $100 million asset-backed securitization has enhanced the company's capital flexibility and supports its portfolio optimization efforts [7][21] Financial Performance - Total revenue for Q3 2025 was $9.1 million, a decrease of 6.9% from $9.8 million in the prior-year period [11][12] - The net loss for Q3 2025 was $6.4 million, compared to a loss of $1.9 million in the same period last year [15][36] - Net Operating Income (NOI) was $5.5 million, down from $6.1 million in Q3 2024, but slightly up from $5.4 million in Q2 2025 [15][16] Operational Highlights - Residential monthly contracts have surged approximately 75% year-over-year, contributing to a more stable revenue base [4][18] - Transient parking volumes have decreased year-on-year due to construction impacts and fewer special events, although transient rates have increased [6][18] - The company is focusing on improving retention and utilization at various assets, with expectations for performance improvements in 2026 [5][18] Strategic Outlook - The company has revised its full-year 2025 guidance, now expecting revenues between $34.5 million and $35.5 million, with NOI of $20 million to $21 million [19][21] - The asset rotation strategy aims to divest approximately one-third of its $100 million non-core asset portfolio within the first year [20][21] - The company anticipates that several headwinds faced in 2025 will reverse in 2026, providing opportunities for growth [19][22]