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 |
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 |