Mobile Infrastructure Corp (A:BEEP)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 30 W. 4Th Street
CINCINNATI OH 45202
Tel: N/A
Website: https://mobileit.com
IR: See website
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Key People
Manuel Chavez
Chairman of the Board, Chief Executive Officer
Manuel Chavez
Chairman of the Board, Chief Executive Officer
Stephanie Hogue
President, Treasurer, Corporate Secretary
Stephanie Hogue
President, Treasurer, Corporate Secretary
Paul M. Gohr
Chief Financial Officer
Paul M. Gohr
Chief Financial Officer
Robert Tracy
Vice President - Asset Management
Robert Tracy
Vice President - Asset Management
 
Business Overview
Mobile Infrastructure Corporation is a mobility-focused parking asset owner in the United States. The Company invests primarily in parking lots and garages and relies on in house expertise and technologies to optimize asset utilization. It is focused on acquiring, owning and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. The Company target both parking garage and surface lot properties primarily in the United States Metropolitan Statistical Areas. It owns approximately 43 parking facilities located in 21 separate markets throughout the United States, with more than 15,700 parking spaces and approximately 5.4 million square feet. It also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.
Financial Overview
For the fiscal year ended 31 December 2023, Mobile Infrastructure Corp revenues increased 4% to $30.3M. Net loss applicable to common stockholders increased from $11.1M to $32.5M. Revenues reflect Percentage rental income increase of 9% to $22.1M. Higher net loss reflects Real Estate Rental, Development & Operations segment loss increase from $5.8M to $30.2M.
Employees: 18 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $568.95M as of Mar 31, 2024
Annual revenue (TTM): $30.27M as of Mar 31, 2024
EBITDA (TTM): -$12.74M as of Mar 31, 2024
Net annual income (TTM): -$32.48M as of Mar 31, 2024
Free cash flow (TTM): -$3.95M as of Mar 31, 2024
Net Debt Last Fiscal Year: $181.77M as of Mar 31, 2024
Shares outstanding: 30,900,000 as of May 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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