{"id":961860,"date":"2026-05-12T18:37:27","date_gmt":"2026-05-12T22:37:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mobile-infrastructure-reports-first-quarter-2026-financial-results\/"},"modified":"2026-05-12T18:37:27","modified_gmt":"2026-05-12T22:37:27","slug":"mobile-infrastructure-reports-first-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mobile-infrastructure-reports-first-quarter-2026-financial-results\/","title":{"rendered":"Mobile Infrastructure Reports First Quarter 2026 Financial Results"},"content":{"rendered":"
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Utilization Gains Underpin Improving Same-Location Revenue
Fifth Asset Sale Under Asset Rotation Strategy
Reduced Leverage with $12.6 Million of Paydowns
Conference Call Will be Held on May 12, 2026, at 4:30 PM Eastern Time<\/p>\n

CINCINNATI, May 12, 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 months ended March 31, 2026.<\/p>\n

Commenting on the results, Stephanie Hogue, Chief Executive Officer, said, \u201cOur first quarter results reflect solid execution against the initiatives we laid out for 2026. We focused on driving utilization and contract growth while delivering on the first phase of our asset rotation program. Supported by higher residential demand and continued return-to-office momentum, contract parking volumes grew approximately 6% year-over-year and now represents approximately 38% of our management agreement revenue. Same-Location Revenue was stable year-over-year, while active expense discipline and operational execution resulted in 4.4% Same-Location NOI growth.<\/p>\n

\u201cTransient volumes increased approximately 3% in the quarter, as several key markets reopened after experiencing construction and redevelopment dislocations in 2025. As expected, we are now witnessing growing demand as these micro-markets re-open, and when combined with continued momentum in contract parking and a robust spring event calendar across our broader portfolio, underpin the confidence our team has in Mobile\u2019s 2026 plan.<\/p>\n

\u201cIn the first quarter, we also made meaningful progress on our capital allocation strategy. Cumulative proceeds from assets sold under our 36-month, $100 million asset rotation program have now exceeded $30 million, at a weighted-average implied capitalization rate of approximately 2%. The valuation our assets continue to command in private market transactions illustrates the strategic value of well-located urban land, further magnifying the disconnect between the value of our portfolio and Mobile Infrastructure\u2019s current share price.\u201d<\/p>\n

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