Quarterly ResultMay 12, 2026, 04:07 PM
Mobile Infrastructure Q1 Net Loss $7.8M; Revenue $7.9M
AI Summary
Mobile Infrastructure Corp reported a net loss of $7.8 million for Q1 2026, an increase from $4.3 million in the prior-year period, primarily due to a loss on extinguishment of debt and loss on sale of real estate. Despite this, the company saw operational improvements with Same-Location NOI growing 4.4% and Adjusted EBITDA increasing 8.7%. The company also made significant progress on its asset rotation strategy, with cumulative proceeds exceeding $30 million, and reduced total debt by $12.6 million.
Key Highlights
- Net loss was $7.8 million in Q1 2026, compared to $4.3 million in the prior-year period.
- Total revenue decreased 3.7% to $7.9 million from $8.2 million year-over-year.
- Same-Location Net Operating Income (NOI) increased 4.4% to $4.6 million.
- Adjusted EBITDA increased 8.7% to $3.0 million.
- Contract parking volumes grew approximately 6% year-over-year.
- Cumulative proceeds from asset sales exceeded $30 million towards the $100 million asset rotation program.
- Reduced leverage with $12.6 million of paydowns, including $8.1 million mortgage principal and $4.5 million Line of Credit.
- Reiterated full-year 2026 guidance: revenue $35M-$38M, NOI $21.5M-$23.0M, Adjusted EBITDA $15.0M-$16.5M.