Mobile Infrastructure reiterates 2026 revenue guidance of $35 mln to $38 mln
Company expects 2026 NOI of $21.5 mln to $23.0 mln
Company sees 2026 adjusted EBITDA between $15.0 mln and $16.5 mln
Overview
US parking asset owner's Q2 revenue declined 1% yr/yr, mainly due to asset sales
Net loss for Q2 narrowed to $3.2 mln from $4.7 mln last year
Company paid down $4.5 mln on credit line using cash flow from operations
Result Drivers
Contract parking volume - Company said 12% yr/yr growth in contract parking volumes was driven by return-to-office momentum and residential demand
Transient revenue recovery - Transient revenue increased 4% yr/yr as key markets stabilized after construction disruptions and venues reopened
Expense control - Company cited active property tax appeal management and disciplined operating expense control as drivers of improved same-location NOI
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
Wall Street's median 12-month price target for Mobile Infrastructure Corp is $6.00, about 117.4% above its August 10 closing price of $2.76
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