Mobile Infrastructure Ends 2025 with 10% Parking Sales Growth and 60% Residential Surge
Mobile Infrastructure ended 2025 with 6,700 contract parking agreements driving 10% same-store sales growth and saw residential contracts surge 60% as office-to-apartment conversions boosted 24-hour revenue. Fourth-quarter revenue declined 4.3% to $8.8M while Adjusted EBITDA held at $3.9M and 2026 guidance calls for $35M–$38M revenue with ~10% EBITDA growth.
1. Contract Parking and Residential Growth
Management ended 2025 with over 6,700 contract parking agreements, delivering 10% same-store sales growth and excluding Detroit saw 12% growth. Residential contracts rose 60% year-over-year as office-to-apartment conversions converted weekday assets into 24-hour revenue platforms under a volume-first, rate-second pricing strategy.
2. Q4 Financial Results
In Q4, revenue fell 4.3% to $8.8M due to softer transient volumes and localized disruptions, and RevPAS declined 5% to $190. Adjusted EBITDA remained flat at $3.9M, with property operating expenses stable at $1.9M and G&A costs down to $1.1M excluding non-cash compensation.
3. Balance Sheet and 2026 Guidance
Management completed phase I asset rotations totaling $30M and closed a $100M asset-backed securitization, using proceeds to pay down debt and repurchase over 1.6M shares. For 2026, guidance targets $35M–$38M in revenue and $15M–$16.5M in Adjusted EBITDA, implying approximately 10% EBITDA growth based on contract volume gains and transient recovery.