A Business at a Glance
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We are a Maryland corporation focused on acquiring, owning and optimizing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States. We target both parking garage and surface lot properties primarily in top 50 U.S. Metropolitan Statistical Areas (“MSAs”), with proximity to key demand drivers, such as commerce, events and venues, government and institutions, hospitality and multifamily central business districts. As of December 31, 2024, we owned 40 parking facilities in 20 separate markets throughout the United States, with a total of approximately 15,100 parking spaces and approximately 5.2 million square feet. We also own approximately 0.2 million square feet of commercial space adjacent to our parking facilities. Merger with Fifth Wall Acquisition Corp.
| Metric | TTM | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | 35M | 37M | 30M | 29M |
| Net Income | -15M | -7.5M | -32M | -11M |
| EPS | $-0.35 | $-0.18 | $-0.76 | $-0.37 |
| Free Cash Flow | 0 | -1.4M | -2.8M | 138K |
| ROIC | 0.1% | 0.1% | -12.2% | 0.8% |
| Gross Margin | - | - | - | - |
| Debt/Equity | 0.00 | 1.09 | 1.02 | 1.68 |
| Dividends/Share | $0.21 | $0.23 | - | - |
| Operating Income | 165K | 434K | -19M | 1.8M |
| Operating Margin | 0.5% | 1.2% | -61.3% | 6.2% |
| ROE | -9.9% | -5.0% | -24.7% | -12.7% |
| Shares Outstanding | 42M | 43M | 43M | 30M |
| Metric | 2022 | |||
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 29M | 30M | 37M | 35M |
| Gross Margin | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A |
| EBIT | 1.8M | -19M | 434K | 165K |
| Op. Margin | 6.2% | -61.3% | 1.2% | 0.5% |
| Net Income | -11M | -32M | -7.5M | -15M |
| Net Margin | -38.2% | -107.3% | -20.4% | -42.1% |
| Non-Recurring | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||
| ROIC | 0.8% | -12.2% | 0.1% | 0.1% |
| ROE | -12.7% | -24.7% | -5.0% | -9.9% |
| ROA | -2.5% | -7.7% | -1.8% | -148.5% |
| Cash Flow | ||||
| Op. Cash Flow | 1.5M | -2.1M | -784K | 1.7M |
| Free Cash Flow | 138K | -2.8M | -1.4M | 0 |
| Owner Earnings | -9.2M | -18M | -15M | -12M |
| CapEx | 1.4M | 647K | 595K | 0 |
| Maint. CapEx | 8.2M | 8.5M | 8.4M | 8.4M |
| Growth CapEx | 0 | 0 | 0 | 0 |
| D&A | 8.2M | 8.5M | 8.4M | 8.4M |
| CapEx/OCF | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||
| Dividends Paid | 0 | 0 | 9.7M | 9.0M |
| Dividend Yield | N/A | N/A | 6.6% | 9.7% |
| Share Buybacks | 0 | 0 | 1.3M | 1.3M |
| Buyback Yield | N/A | N/A | 0.7% | 1.4% |
| Stock-Based Comp | 2.5M | 7.5M | 5.7M | 5.7M |
| Debt Repayment | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||
| Net Debt | 147M | 134M | 186M | -6.1M |
| Cash & Equiv. | N/A | N/A | N/A | 6.1M |
| Long-Term Debt | 147M | 134M | 186M | 186M |
| Debt/Equity | 1.68 | 1.02 | 1.09 | 0.00 |
| Interest Coverage | 0.1 | -1.3 | 0.0 | 0.0 |
| Equity | 87M | 131M | 170M | 152M |
| Total Assets | 436M | 423M | 415M | 10M |
| Total Liabilities | 249M | 220M | 226M | 228M |
| Intangibles | N/A | N/A | N/A | N/A |
| Retained Earnings | -109M | -134M | -140M | -140M |
| Working Capital | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A |
| Current Liabilities | 19M | N/A | N/A | N/A |
| Per Share Data | ||||
| EPS | -0.37 | -0.76 | -0.18 | -0.35 |
| Owner EPS | -0.30 | -0.43 | -0.35 | -0.29 |
| Book Value | 2.87 | 3.08 | 3.99 | 3.59 |
| Cash Flow/Share | 0.05 | -0.05 | -0.02 | -0.15 |
| Dividends/Share | N/A | N/A | 0.23 | 0.21 |
| Shares Out. | 30.4M | 42.6M | 42.6M | 42.3M |
| Valuation | ||||
| P/E Ratio | N/A | N/A | N/A | -6.2 |
| P/FCF | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | 868.1 | 524.2 |
| Price/Book | N/A | 1.3 | 1.1 | 0.6 |
| Price/Sales | N/A | 6.4 | 4.0 | 2.6 |
| FCF Yield | N/A | -1.6% | -0.7% | N/A |
| Market Cap | N/A | 170M | 191M | 93M |
| Avg. Price | N/A | 4.58 | 3.45 | 2.19 |
| Year-End Price | N/A | 4.00 | 4.48 | 2.19 |
Mobile Infrastructure Corp passes 1 of 9 quality checks, indicating weak fundamentals.
Total shareholder yield (dividends + buybacks) is 11.1%.
Mobile Infrastructure Corp (BEEP) has a 5-year average return on invested capital (ROIC) of -3.8%. This is below average and may indicate limited pricing power.
Mobile Infrastructure Corp (BEEP) has a market capitalization of $93M. It is classified as a small-cap stock.
Yes, Mobile Infrastructure Corp (BEEP) pays a dividend with a trailing twelve-month yield of 9.69%. The company also returns capital through share buybacks, with a buyback yield of 1.43%.
Mobile Infrastructure Corp (BEEP) operates in the Real Estate industry, within the Real Estate sector.
Mobile Infrastructure Corp (BEEP) reported annual revenue of $37 million in its most recent fiscal year, based on SEC EDGAR filings.
Mobile Infrastructure Corp (BEEP) has a net profit margin of -20.4%. The company is currently unprofitable.
Mobile Infrastructure Corp (BEEP) generated $-1 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Mobile Infrastructure Corp (BEEP) has a debt-to-equity ratio of 1.09. This indicates moderate leverage.
Mobile Infrastructure Corp (BEEP) reported earnings per share (EPS) of $-0.18 in its most recent fiscal year.
Mobile Infrastructure Corp (BEEP) has a return on equity (ROE) of -5.0%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 3 years of financial data for Mobile Infrastructure Corp (BEEP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Mobile Infrastructure Corp (BEEP) has a book value per share of $3.99, based on its most recent annual SEC filing.