{"id":1019670,"date":"2026-11-10T16:22:45","date_gmt":"2026-11-10T21:22:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mobile-infrastructure-reports-third-quarter-2026-financial-results\/"},"modified":"2026-11-10T16:22:45","modified_gmt":"2026-11-10T21:22:45","slug":"mobile-infrastructure-reports-third-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mobile-infrastructure-reports-third-quarter-2026-financial-results\/","title":{"rendered":"Mobile Infrastructure Reports Third Quarter 2026 Financial Results"},"content":{"rendered":"
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RevPAS Increases 16% Driven by Utilization Improvement<\/p>\n

Contract Volumes Up 13% and Transient Volumes Up 11%<\/p>\n

Conference Call to be held at 4:30 PM Eastern Time Today<\/p>\n

CINCINNATI, Nov. 10, 2026 (GLOBE NEWSWIRE) — Mobile Infrastructure Corporation (Nasdaq: BEEP), (\u201cMobile\u201d, \u201cMobile Infrastructure\u201d or the \u201cCompany\u201d), the nation\u2019s only publicly traded owner of parking infrastructure, today reported results for the three and nine months ended September 30, 2026.<\/p>\n

\u201cWe are pleased with our third quarter results, marking Mobile\u2019s strongest operating quarter of 2026, building strong momentum heading into 2027, and achieving our highest utilization and RevPAS to date,\u201d said Stephanie Hogue, Chief Executive Officer. \u201cAt the start of the year, we discussed our strategy of building utilization first, establishing a larger and more durable base of recurring and transient demand, and following this with improved, sustainable pricing as utilization improves. Our results in the third quarter evidence strong execution as our strategy translates into earnings improvement. Same-Location Revenue grew 12.8% and Same-Location NOI increased 18.4%, marking our third consecutive quarter of Same-Location NOI growth and a clear acceleration from the first half of the year.<\/p>\n

\u201cIn the third quarter, our growth was principally volume-driven. Utilization rose approximately 13 percentage points year-over-year and RevPAS increased approximately 16%, reaching its highest level since we began tracking the measure in 2023. Monthly parking is the foundation of that progress. Baseline contract volumes grew approximately 13%, supported by residential demand, commercial relationships, and targeted business development, with Cincinnati, Fort Worth, and Detroit among the leading contributors. Recurring contracts give us greater revenue visibility and a more stable base from which to optimize transient inventory, which supports improved pricing over time. Transient demand benefited from an active summer event calendar and a growing share of third-party reservations, with notable strength in Chicago, Cincinnati, and Nashville. We have deliberately prioritized utilization and customer relationships, and we expect to achieve pricing power as more of the portfolio reaches stabilized utilization.<\/p>\n

“We continue to execute our disciplined capital allocation strategy. To date, we have generated approximately $33 million of proceeds under our three-year $100 million asset rotation program, at a weighted-average capitalization rate of approximately 2%. These private-market valuations reinforce the underlying value of our portfolio and the disconnect from our current share price. Our priorities remain clear: maximize the performance of our existing assets, improve portfolio quality and strengthen the balance sheet, all to build long-term shareholder value,” Ms. Hogue concluded.<\/p>\n

\n Third Quarter 2026 Highlights<\/strong>\n <\/p>\n