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olivLaw · US equity research

Mobile Infrastructure Corporation BEEP

Real Estate · SIC 6500 · Vertical: Real Estate (SIC 6500)

2.43USD+0.41% · 1 dayClose 04 Nov 2026

Mobile Infrastructure Corporation (Nasdaq: BEEP) owns and optimizes parking facilities across the United States, focusing on urban markets in the top 50 MSAs. In 2026 it aims to grow revenue through higher utilization and to sell non-core assets under a 100 million USD rotation program, roughly one-third of which had been completed by the second quarter.

At the close of 04 Nov 2026, Mobile Infrastructure Corporation (BEEP) stock was 2.43 USD (+0.41% on the day), with market capitalisation 100.4 m USD, beta 0.57, 52-week range 1.38–3.43 USD. Latest reported quarter (Q2 2026): revenue of 8.9 m USD (−1.1% YoY), net income of -3.0 m USD, diluted EPS -0.08 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
100.4 m USD
shares as of 01 Aug 2026
P/E (TTM)
unavailable
Diluted EPS TTM -0.55 · TTM to 31 Dec 2025
E/P (TTM)
-22.63%
TTM to 31 Dec 2025
Dividend yield
unavailable
Beta (2y)
0.57
Volatility (1y) 73%
52-week range
1.383.43

Price history

Loading chart…

Technical reading

RSI (14)
35.9
weak (30–45)
Bollinger (20, 2)
2.38 – 2.76
in the lower half of the band · %B 0.13 · band width 15.0%
SMA 50 / 200
2.75 / 2.40
mixed trend
MACD (12, 26, 9)
-0.07 / -0.06
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−15.3%−1.1%−14.2 pp—
3 months+15.7%−0.5%+16.2 pp—
6 months+33.5%+4.4%+29.1 pp—
Year to date−4.7%+12.3%−17.0 pp—
1 year−28.5%+13.5%−42.1 pp−11.2%
3 years−41.3%+76.4%−117.7 pp−2.5%
5 yearsunavailable+63.7%unavailable—
Max drawdown (1y)
−59.8%
05 Nov 2025 → 30 Jun 2026
Max drawdown (5y)
−86.7%
28 Aug 2023 → 30 Jun 2026
Compound annual growth (5y)
unavailable
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
8.9 m USD
−1.1% YoY
Net income
-3.0 m USD
unavailable YoY
Diluted EPS
-0.08
unavailable YoY
net / operating
-33.2% / unavailable

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue9.8 m9.2 m8.2 m9.0 m9.1 m8.8 m7.9 m8.9 m
Depreciation & amortisation2.1 m2.1 m2.1 m2.9 m2.9 m2.8 m1.8 m1.8 m
Interest expense3.3 m4.4 m4.6 m4.7 m4.6 m5.1 m5.1 m4.8 m
Net income-1.3 m-999.0 k-3.9 m-4.3 m-5.8 m-7.5 m-7.1 m-3.0 m
Diluted EPS-0.06—-0.10-0.11-0.15—-0.18-0.08
Operating cash flow0 ≈227.0 k-1.5 m1.8 m ≈1.2 m ≈-626.0 k-1.6 m1.7 m ≈
Share repurchases90.0 k ≈1.2 m265.0 k22.0 k ≈719.0 k ≈3.0 m1.4 m0 ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year2022202320242025
Revenue29.1 m30.3 m37.0 m35.1 m
Revenue YoYunavailable+4.0%+22.3%−5.2%
Net income-8.1 m-25.1 m-5.8 m-21.4 m
Net income YoYunavailableunavailableunavailableunavailable
Diluted EPS-0.85-2.45-0.24-0.55
Diluted EPS YoYunavailableunavailableunavailableunavailable
net %-27.9%-83.0%-15.6%-61.1%
Free cash flowunavailableunavailableunavailableunavailable

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
8.3 m USD
Financial debt
198.3 m USD
Net debt
190.0 m USD
Equity
159.0 m USD
Total assets
382.5 m USD
Debt / equity
1.25x
Current ratio
unavailable
ROE
-12.3%
ROA
-5.4%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
30.3 m
2024
37.0 m
2025
35.1 m

SEC (XBRL)· 05 Mar 2026verified

Operating income
2023
—
2024
—
2025
—

SEC (XBRL)· 07 Apr 2023verified

Depreciation & amortisation
2023
8.5 m
2024
8.4 m
2025
10.6 m

SEC (XBRL)· 05 Mar 2026verified

EBITDA
2023
—
2024
—
2025
—

SEC (XBRL)· 07 Apr 2023derived

Interest expense
2023
13.9 m
2024
13.8 m
2025
19.0 m

SEC (XBRL)· 05 Mar 2026verified

Income tax
2023
41.0 k
2024
0
2025
0

SEC (XBRL)· 05 Mar 2026verified

Net income
2023
-25.1 m
2024
-5.8 m
2025
-21.4 m

SEC (XBRL)· 05 Mar 2026verified

Diluted EPS
2023
-2.45
2024
-0.24
2025
-0.55

SEC (XBRL)· 05 Mar 2026verified

Balance sheet · USD

Cash
2023
11.1 m
2024
10.7 m
2025
8.3 m

SEC (XBRL)· 05 Mar 2026verified

Current assets
2023
—
2024
—
2025
—

SEC (XBRL)· 07 Apr 2023verified

Property, plant & equipment, net
2023
—
2024
—
2025
—

SEC (XBRL)· 13 Nov 2023verified

Intangibles (excl. goodwill)
2023
10.2 m
2024
10.1 m
2025
5.7 m

SEC (XBRL)· 05 Mar 2026verified

Total assets
2023
423.2 m
2024
415.1 m
2025
382.5 m

SEC (XBRL)· 05 Mar 2026verified

Accounts payable
2023
—
2024
—
2025
—

SEC (XBRL)· 07 Apr 2023verified

Short-term debt
2023
96.3 m
2024
29.9 m
2025
—

SEC (XBRL)· 11 Mar 2025verified

Long-term debt
2023
135.2 m
2024
188.2 m
2025
198.3 m

SEC (XBRL)· 05 Mar 2026verified

Current liabilities
2023
—
2024
—
2025
—

SEC (XBRL)· 07 Apr 2023verified

Total liabilities
2023
220.3 m
2024
225.8 m
2025
223.4 m

SEC (XBRL)· 05 Mar 2026verified

Equity
2023
203.0 m
2024
189.3 m
2025
159.0 m

SEC (XBRL)· 05 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
-2.1 m
2024
-784.0 k
2025
848.0 k

SEC (XBRL)· 05 Mar 2026verified

Investing cash flow
2023
-346.0 k
2024
4.2 m
2025
16.3 m

SEC (XBRL)· 05 Mar 2026verified

Financing cash flow
2023
8.2 m
2024
-4.3 m
2025
-17.7 m

SEC (XBRL)· 05 Mar 2026verified

Dividends paid
2023
791.0 k
2024
—
2025
—

SEC (XBRL)· 22 Mar 2024verified

Share repurchases
2023
0
2024
1.3 m
2025
4.0 m

SEC (XBRL)· 05 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
-5.2%
computed by olivLawFY 2025
Revenue CAGR 3Y
6.4%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
unavailable
input data missing
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
unavailable
input data missing
EBIT margin
unavailable
input data missing
Net margin
-67.2%
computed by olivLawTTM to 30 Jun 2026
FCF margin
unavailable
input data missing

Returns

ROE
-16.1%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
-6.1%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
unavailable
input data missing
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
212.7 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Net debt / EBITDA
unavailable
input data missing
Debt / equity
1.7x
computed by olivLawbalance sheet at 30 Jun 2026
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
unavailable
input data missing
Cash ratio
unavailable
input data missing

Cash

Operating cash flow
751.0 k USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
Cash conversion
unavailable
input data missing

Market and valuation

Market capitalisation
100.4 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
313.1 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-23.2%
computed by olivLawTTM to 30 Jun 2026
P/B
0.8x
computed by olivLawbalance sheet at 30 Jun 2026
P/S
2.9x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
9.0x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Dividend yield
unavailable
input data missing
Shareholder yield (distributions)
5.1%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026

9 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 3 of at least 6
  • score weight coverage: 34.8% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

2.43 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 100.4 m USD

Key indicators

Market capitalisation
100.4 m USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
unavailable
insufficient data
P/B
0.8x
computed by olivLawbalance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
ROE
-16.1%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
-67.2%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
-5.2%
computed by olivLawFY 2025
Dividend yield
unavailable
input data missing

Coverage and freshness

24/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 01 Aug 2026
Source: SEC (XBRL)published 11 Aug 2026
verified 466derived 33

Score by group

35% · Insufficient data

Estimated value range

Low
1.56
USD per share
Mid
2.88
USD per share
High
5.19
USD per share
Price: 2.43 USD
The price is within the range
Potential to the central value: 18.7% (value / price − 1)
Margin of safety: 15.8% (1 − price / value)
Agreement between methods: single method · 1 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.56 – 5.19 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • Net asset value (NAV)unavailable · input data missing
  • Dividend discount (DDM)unavailable · input data missing
  • Peers: P/B1.56 – 5.19 (Mid 2.88)
    19 companies used · median multiple 0.9x · quartiles 0.5x – 1.7x
    AEI, AHRT, AIRE, CBRE, CHCI, CIGI, CMTG, CURB, CWK, FOR, FRPH, GTY, HPP, IIPR, LPA, OPI, TRC, TRNO, UE
Multiple comparisons use the SIC vertical: Real Estate (SIC 6500)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 34.8% of at least 60%

FactorValueScoreWeight used
ROE · Quality-16.1%28 (vs peers)19%
EBITDA margin · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth6.4%64 (on a fixed band)25%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheetunavailableunavailable—
P/B · Valuation0.8x64 (vs peers)56%
P/E (TTM) · Valuationunavailableunavailable—
Dividend yield · Returnsunavailableunavailable—
Payout ratio (EPS) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partialunavailable · 0/2 factors with a value
  • Growth64/100 · 1/1 factors with a value
  • Quality· partial28/100 · 1/2 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partial64/100 · 1/2 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

MOBILE INFRASTRUCTURE CORPORATION (BEEP). Latest full fiscal year: 2025; data up to 2026-06-30.

Figures computed from the financial statements: revenue 35.1 m USD in 2025; YoY growth -5.2%; net margin -67.2%; ROE -16.1%.

The estimated value range is 1.56–5.19 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 2.88 USD, the price of 2.43 USD leaves a potential of 18.7% (value / price − 1) and a margin of safety of 15.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 34.8% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.

What contradicts it

  • ROE: -16.1%

Not assessed (insufficient data or a ratio without meaning): EBITDA margin, Net debt / EBITDA, Interest coverage, P/E (TTM), Dividend yield, Payout ratio (EPS).

Versus the vertical median

Real Estate (SIC 6500) · same industry (4-digit SIC) · compared with 31 companies

Multiples and returns vs the median

P/E
—
vertical median 27.4x
EV/EBITDA
—
vertical median 13.3x
P/S
2.9x
vertical median 2.1x
above median (+35.0%)
P/B
0.8x
vertical median 1.0x
below median (−20.6%)
ROE
-16.1%
vertical median 1.3%
below median (−1,323.9%)
Net margin
-67.2%
vertical median 3.1%
below median (−2,290.8%)
EBIT margin
—
vertical median 6.1%
Revenue YoY
-5.2%
vertical median 9.0%
below median (−158.3%)
Net debt/EBITDA
—
vertical median 2.6x
Dividend yield
—
vertical median 3.7%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
CBRECbre Group, Inc.40.7 bn30.216.1%3.1%+13.4%−13% / +79%
VTMXVesta Real Estate Corporation, S.A.B. de C.V.32.7 bn131.89.1%85.4%+12.2%+19% / −2%
TRNOTerreno Realty Corporation7.5 bn20.38.3%68.1%+24.5%+8% / +19%
FSVFirstService Corporation7.1 bn49.014.9%3.5%+5.4%−1% / −1%
CIGIColliers International Group Inc.4.0 bn48.815.7%4.0%+15.3%−32% / −5%
CURBCurbline Properties Corp.3.7 bn125.41.3%11.2%+51.3%+26% / unavailable
CWKCushman & Wakefield Ltd.3.5 bn50.53.4%0.6%+8.9%−11% / +82%
UEUrban Edge Properties2.7 bn24.67.9%22.2%+6.1%+10% / +26%
GTYGetty Realty Corp.1.9 bn17.48.9%42.4%+9.0%+1% / −2%
IIPRInnovative Industrial Properties, Inc.1.6 bn12.57.6%53.2%−13.8%+14% / −31%
FORForestar Group Inc.1.3 bn7.59.6%9.9%+10.1%−2% / −18%
HPPHudson Pacific Properties, Inc.572.8 m—-19.8%-69.1%−1.3%−24% / −74%
DUOFangdd Network Group Ltd.548.5 m—-17.9%-23.9%+9.2%−68% / −96%
AHRTAh Realty Trust, Inc.500.6 m—-6.7%-18.2%+4.1%+3% / −38%
TRCTejon Ranch Co.439.9 m71.31.3%10.6%+18.4%+0% / +3%
FRPHFrp Holdings, Inc.360.7 m2,041,655.00.0%0.2%+2.6%−19% / −32%
MLPMaui Land & Pineapple Co Inc289.5 m—-16.1%-28.6%+68.2%−8% / −2%
OPIOffice Properties Income Trust285.6 m—-40.5%-73.0%−11.8%unavailable / unavailable
CMTGClaros Mortgage Trust, Inc.261.0 m—-36.5%-391.9%−24.4%−44% / −85%
CHCIComstock Holding Companies, Inc.165.7 m6.736.4%32.2%+22.6%+46% / +352%
BEEPMobile Infrastructure Corporation100.4 m—-16.1%-67.2%−5.2%−29% / −41%
LPALogistic Properties of the Americas78.1 m7.54.3%20.9%+14.3%−27% / unavailable
OZBelpointe PREP, LLC47.6 m——-212.1%+243.4%−41% / −50%
AEIAlset Inc.21.1 m—-43.4%-951.4%−78.8%−80% / −54%
CWDCalibercos Inc.4.7 m——-117.3%−60.7%−80% / −98%

1- and 3-year price returns: for BEEP from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    In brief

    Mobile Infrastructure Corporation (Nasdaq: BEEP) owns and optimizes parking facilities across the United States, focusing on urban markets in the top 50 MSAs. In 2026 it aims to grow revenue through higher utilization and to sell non-core assets under a 100 million USD rotation program, roughly one-third of which had been completed by the second quarter.

    SWOT

    Strengths

    • A portfolio of parking assets in urban areas with several demand sources, a low-cost operating model, and rising utilization in the second quarter of 2026 13.
    • The company positions itself as the only publicly traded owner of parking infrastructure, giving it a clear identity in the market 3.
    • Most assets now run under management contracts, which increases transparency over performance 1.

    Weaknesses

    • A history of net losses and a portfolio still in transition make it hard to judge the ability to achieve durable profitability 1.
    • Substantial debt and restrictive covenants that could trigger accelerated repayment if not met 12.
    • Reliance on a few operators and a few geographic markets increases exposure to local events 1.

    Opportunities

    • An asset rotation program that could reduce debt and fund accretive acquisitions 3.
    • Ancillary revenue from transportation technology, EV charging and mobility services 1.
    • Consolidation of a fragmented industry in which smaller owners may face financial strain 1.

    Threats

    • Falling parking demand due to changing consumer behavior or urban legislation 2.
    • Intense competition from larger operators with greater resources, which could push rates down 1.
    • Rising financing costs and interest expense that could limit the company's flexibility 12.

    Risks

    • Dependence on a few operatorshigh

      Most revenue flows through two operating companies, and problems at either could quickly affect collections and reporting 1.

    • Debt and covenantshigh

      Significant debt and restrictive clauses could lead to early repayment demands if financial metrics deteriorate 12.

    • Economically sensitive demandmedium

      Parking demand depends on urban activity and commuter behavior, and a decline would affect a concentrated portfolio more 1.

    • Cybersecurity and AImedium

      The company's information systems could be targeted by attacks, and the use of artificial intelligence can create reputational and compliance risks 1.

    • Concentrated controlmedium

      A major shareholder controls the vote and could influence significant transactions, and its interests may differ from those of other shareholders 1.

    Investment thesis

    What would need to be true (bull case)

    • If parking use keeps growing and rates can be raised, same-location revenue could accelerate, and the rotation program could reduce debt 3.
    • The implied value of the portfolio, supported by sales already completed, could suggest that assets are worth more than the share price reflects, according to management statements 3.
    • Consolidation in the sector could allow acquisitions at attractive yields if the company finds suitable assets 1.

    What would break the thesis

    • Repeated net losses and high debt could limit the company's ability to fund growth without new equity issuance 12.
    • If the return to office does not consolidate, parking revenue could stay below expectations, especially in markets with office exposure 2.
    • Dependence on a few operators and competition from larger companies could weaken the company's bargaining power 1.

    What to watch

    • Pace of asset sales under the rotation program and use of proceeds to reduce debtQ3 2026
    • Full-year 2026 guidance for revenue and NOI, especially whether same-location growth holds2026
    • Trend in net loss and interest expenseQ3 2026
    • Progress in converting the remaining assets to management contracts2027

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    The business

    The company is a Maryland corporation listed on Nasdaq under the ticker BEEP that acquires, owns and optimizes parking lots and garages. At December 31, 2025 it owned 36 parking facilities in 19 markets with about 13,500 spaces, and at June 30, 2026 the count had fallen to 35 facilities in 18 markets 12. The model draws on several demand sources: commerce, events, government institutions, hospitality and multifamily central business districts.

    Over the next twelve months the strategy is to grow parking revenue by optimizing the mix of transient and contract parkers, working with third-party operators and developing ancillary revenue such as EV charging and rideshare staging. By the end of 2025, 28 of the 36 assets had been converted to management contracts, which could give better visibility into performance 1.

    Recent results show a gradual recovery. Total revenue in the second quarter of 2026 was 8.9 million USD, close to the prior-year level, and same-location revenue rose 5.6% 3. Net losses remain a concern: the company reported a loss of 22.4 million USD attributable to common stockholders for fiscal 2025 1.

    Segments

    Contract and transient parking

    Parking serves two kinds of customers: contract parkers who pay in advance for access over a set period, and transient parkers who use any open spot. Contract parking volumes grew about 12% year over year in the second quarter of 2026, supported by return-to-office and residential demand, and transient revenue returned to growth of 4% 3.

    Ancillary revenue and asset rotation

    Ancillary revenue includes billboards and commercial space adjacent to the facilities, which totaled about 0.1 million square feet after 2026 sales 2. The asset rotation program targets sales of non-core properties, and proceeds could be redeployed into accretive acquisitions or used to reduce debt.

    Market context

    The parking market is fragmented, with competitors ranging from single-facility owners to large regional and national operators, including several public companies. Entry barriers are low, but scarce land in high-traffic areas limits new supply, which the company sees as an opportunity to consolidate the industry 1.

    Demand depends on return to office, events and urban traffic, and a hybrid work structure appears to be becoming the norm for central business district offices 2. The company could benefit if demand stabilizes, but a drop in demand would hit a concentrated portfolio harder than a diversified one 1.

    Trends

    • Return to officemixed

      Hybrid work for central business district employees has been accepted as the normal state, which has weighed on assets with office exposure but has supported contract parking growth in some markets 23.

    • Recovery in transient traffictailwind

      Transient revenue returned to growth in the second quarter of 2026 as several key markets, such as Cincinnati, stabilized after construction disruptions 3.

    • Fuel prices and inflationheadwind

      Higher fuel prices could affect the operating environment and consumer behavior, and interest rate levels influence the cost of the company's debt 2.

    • Debt and financing costsheadwind

      Total debt of 197.1 million USD and high interest expense could limit financial flexibility if demand slows or access to financing worsens 123.

    Competitive position

    Competition comes from REITs, parking operators, private funds and building owners who offer paid on-site parking. Some competitors have greater financial resources, and lower rates from rivals could pressure the company's own rates 1.

    Competition for acquisitions is intense, and higher prices paid for assets can reduce returns. The company says its management gives it access to off-market opportunities that competitors may not see 1.

    • Metropolis Technologies

      Operator running locations that made up a majority of the company's revenue in 2025 1.

    • LAZ Parking

      Parking operator with a significant share of the company's revenue and of market competition 1.

    • Real estate investment trusts

      Institutional investors competing for parking and other commercial property acquisitions 1.

    • Regional and national parking operators

      Multi-facility companies competing directly for parkers and management contracts 1.

    News & filings

    SEC filings

    • Current report21 Oct 2026
      Other events
    • Current report23 Sept 2026
      Material agreement · Creation of a direct financial obligation · Other events · Financial statements and exhibits
    • Current report18 Aug 2026
      Other events
    • Quarterly report11 Aug 2026
    • Current report11 Aug 2026
      Results of operations · Regulation FD disclosure · Financial statements and exhibits
    • Current report06 Aug 2026
      Regulation FD disclosure · Financial statements and exhibits
    • Current report23 Jul 2026
      Other events
    • Current report30 Jun 2026
      Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
    • Current report29 Jun 2026
      Other events
    • Current report18 Jun 2026
      Departure or appointment of officers · Shareholder vote · Financial statements and exhibits

    Sources

    1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Mobile Infrastructure Corporation · 05 Mar 2026
    2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Mobile Infrastructure Corporation · 11 Aug 2026
    3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Mobile Infrastructure Corporation · 11 Aug 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.