BEEP News & Events

The company said, "For full year 2026, the Company is providing revenue guidance ranging from $35 million to $38 million, representing 4% growth at the midpoint over 2025 results and 8% growth when adjusted for 2025 asset dispositions. This guidance is underpinned by expectations for continued contract volume growth, the re-opening and enhancement of several venues, and the positive impact from technology optimization across our core portfolio on pricing and utilization."

Reports Q4 revenue $8.76M, consensus $8.63M. "Our fourth quarter and full year 2025 results demonstrated consistent execution on our strategic priorities, while we navigated temporary disruptions in our markets," said Stephanie Hogue, Chief Executive Officer. "Encouragingly, we are beginning to see green shoots throughout our portfolio as our strategic efforts and portfolio optimization gain traction. Contract parking volumes grew 10% year-over-year and were up 2% in the fourth quarter, reflecting return-to-office momentum that is accelerating across our markets. Our residential monthly contracts increased nearly 60% since prior year-end, and residential and commercial monthly parking represented approximately 35% of our management agreement revenue in 2025, providing a stable base of recurring income."

Mobile Infrastructure announced the closing of a $100M Asset-Backed Securitization facility secured by 19 of the Company's parking assets. The notes received a BBB private letter rating from a Big 3 nationally recognized rating organization and priced at a stated interest rate of 4.15%, excluding the original issue discount. The notes have an effective loan-to-value ratio of 39%, consistent with the Company's published Net Asset Value methodology. The notes have a legal maturity of 30 years and an expected repayment term of five years. Proceeds from the transaction will be used to repay approximately $84.4 million of near-term debt, significantly extending expected maturities to 2030. The facility is a meaningful step in providing flexibility to rotate assets for strategic divestitures, redeploy capital into accretive assets, and the ability to transition leased properties to management agreements, furthering Mobile Infrastructure's long-term capital strategy and portfolio optimization plans. The Company's Sole Structuring Advisor and Sole Placement Agent was Cantor Fitzgerald & Co.

Mobile Infrastructure announced a leadership transition. Effective August 1, Stephanie Hogue, currently president of the company, will assume the additional role of CEO. Manuel Chavez III, who has served as CEO since 2021, will transition to the role of executive co-chairman of the board, as well as chair of the newly formed investment committee. The company plans to divest up to $100M of non-core assets and reinvest the proceeds into high-performing, strategic real estate with multiple demand drivers and higher net operating income opportunities that mirror the income and demand driver profile of Mobile Infrastructure's core portfolio.