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Mobile Infrastructure Q3 revenue rises on contract and transient volumes

By Reuters News


Overview

  • US parking asset owner's Q3 revenue rose 5.5% yr/yr, driven by contract and transient volumes

  • Adjusted EBITDA for Q3 increased 23.2% yr/yr

  • Net loss for Q3 narrowed to $2.6 mln from $6.4 mln a year earlier


Outlook

  • Mobile Infrastructure expects 2026 revenue at low end of $35 mln to $38 mln range

  • Company maintains 2026 NOI guidance at $21.5 mln to $23.0 mln

  • Mobile Infrastructure sees 2026 adjusted EBITDA between $15.0 mln and $16.5 mln


Result Drivers

  • UTILIZATION IMPROVEMENT - Portfolio utilization increased by about 13 percentage points yr/yr, helping drive a 16% rise in revenue per available stall (RevPAS)

  • EXPENSE CONTROL - Co said disciplined operating expense control contributed to year-over-year growth in same-location net operating income


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$9.60 mln

Q3 Net Loss

$2.60 mln

Q3 Adjusted EBITDA

$4.80 mln


Analyst Coverage

  • 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 153.2% above its November 9 closing price of $2.37


Reuters Recommended Reads

  • Nov 10 - TAG Immobilien FFO I rises on rental growth; raises 2026 outlook

  • Nov 10 - Germany's HAMBORNER REIT 9M FFO falls 6%, raises outlook

  • Nov 9 - Canada's CT REIT Q3 property revenue rises 6.7%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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