Mobile Infrastructure Corp

Mobile Infrastructure Corp is a U.S. real estate owner focused on parking facilities and related infrastructure, including parking garages, surface lots, and adjacent commercial space. The company acquires and optimizes assets in major metropolitan areas, using third-party operators and management contracts to improve parking mix, pricing, and cash flow.

−61,1 %

−5,2 %

— Mobile Infrastructure Corp
%
Parking facilities85% Owned parking garages, parking lots, and other parking structures operated for transient and contract parking demand.
Managed property revenue contracts10% Parking assets operated under management contracts where third-party operators run day-to-day activity.
Commercial space3% Small amounts of adjacent commercial real estate leased near parking assets.
Ancillary revenue2% Non-parking income such as billboard or other facility-related revenue streams.

The company serves drivers and parking users in dense U.S. metro areas, with demand tied to commerce, events,...

  • Transient parkersprimary

    Drivers paying for short-duration parking at garages and lots; important for rate optimization and RevPAS growth.

  • Contract parkersprimary

    Monthly or reserved users who provide recurring occupancy and more predictable cash flow.

  • Event and venue visitorssecondary

    Customers attending concerts, sports, and entertainment venues that create peak parking demand.

  • Government and institutional userssecondary

    Parking demand tied to offices, public buildings, and institutional campuses in urban markets.

  • Hospitality and multifamily userssecondary

    Hotel guests and residents/visitors in central business districts who support steady utilization.

Mobile Infrastructure Corp operates entirely in the United States and concentrates on the top 50 U.S...

  • •All revenue and assets are in the United States
  • •Focus on top 50 U.S. MSAs and dense urban submarkets
  • •19 markets as of December 31, 2025
  • •Assets near commerce, venues, government, hospitality, and multifamily
  • •Urban demand patterns drive occupancy, pricing, and RevPAS

The company is focused on improving parking revenue by optimizing the mix of transient and contract parkers, raising...

01
Improve parking mix and RevPASshort-term

Higher transient and contract optimization should lift revenue per stall and portfolio cash flow.

02
Convert assets to management contractsmedium-term

Management contracts improve expense transparency, revenue linearity, and operator alignment.

03
Accretive portfolio growth and pruningmedium-term

Selective acquisitions and non-core dispositions aim to improve portfolio quality and returns.

The business is exposed to cyclical and structural parking demand risk, especially in urban markets affected by hybrid...

high

Parking demand decline in urban markets

The portfolio depends on local parking usage, which can weaken with remote work, transit use, and mobility alternatives.

Scope
Downtown and CBD assets
Materiality
high
high

Third-party operator concentration

A large share of assets is operated by a small number of tenant/operators, increasing execution and counterparty risk.

Scope
Metropolis and LAZ-operated assets
Materiality
high
high

Debt refinancing and liquidity pressure

The company may need to refinance or sell assets to meet maturities, which could be costly or dilutive.

Scope
Line of credit and notes payable
Materiality
high
medium

Asset impairment

Lower NOI, weaker forecasts, or planned dispositions can trigger impairment charges on real estate assets.

Scope
Long-lived parking properties
Materiality
medium
medium

Technology and cybersecurity disruption

Parking operations depend on reservation systems, payment processing, and operator technology.

Scope
Digital parking and operator systems
Materiality
medium
Revenue recognition under management contracts
Affects reported revenue trend and comparability across periods
Impairment of long-lived assets
Can materially reduce earnings and asset carrying values
Non-GAAP operating metrics
Important for operating analysis but not a substitute for GAAP revenue
Debt and refinancing accounting
Can influence leverage, liquidity, and period expenses

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: 28/04/2026