MOBILE INFRASTRUCTURE


Associated tags: Commercial Building & Real Estate, Construction & Property, Professional Services, Other Construction & Property, Finance, Conference

Locations: OHIO, UNITED STATES, NORTH AMERICA

Mobile Infrastructure Corporation Names New Chief Financial Officer

Retrieved on: 
Wednesday, May 15, 2024

Mobile Infrastructure Corporation (NYSE American: BEEP) (“Mobile,” “Mobile Infrastructure,” or the “Company”), one of the largest institutional-quality, mobility-focused parking asset owners in the U.S. today announced the appointment of Paul Gohr as Chief Financial Officer (“CFO”), effective May 16, 2024.

Key Points: 
  • Mobile Infrastructure Corporation (NYSE American: BEEP) (“Mobile,” “Mobile Infrastructure,” or the “Company”), one of the largest institutional-quality, mobility-focused parking asset owners in the U.S. today announced the appointment of Paul Gohr as Chief Financial Officer (“CFO”), effective May 16, 2024.
  • Prior to joining Mobile Infrastructure, Mr. Gohr served as Chief Accounting Officer and Vice President of Corporate Finance of CECO Environmental Corp. (NASDAQ: CECO), a leading environmentally focused, diversified industrial company.
  • “Paul’s public company experience will benefit all stakeholders, and he adds bench strength and expertise to our team as we continue to build the Company’s financial performance.”
    “I am thrilled to join Mobile Infrastructure at this important time in its history.
  • Since she stepped in as CFO in 2021, we have made substantial progress in financial reporting and in executing strategic transactions.

Mobile Infrastructure Reports First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 15, 2024

Mobile Infrastructure Corporation (NYSE American: BEEP), (“Mobile”, “Mobile Infrastructure” or the “Company”), owners of a diversified portfolio of parking assets throughout the United States, today reported results for the first quarter 2024 ended March 31, 2024.

Key Points: 
  • Mobile Infrastructure Corporation (NYSE American: BEEP), (“Mobile”, “Mobile Infrastructure” or the “Company”), owners of a diversified portfolio of parking assets throughout the United States, today reported results for the first quarter 2024 ended March 31, 2024.
  • Total revenue of $8.8 million during the first quarter of 2024 increased by 24.3% from $7.1 million in the prior-year quarter.
  • Interest expense for the first quarter of 2024 was $3.0 million, as compared to $3.6 million during the first quarter of 2023.
  • Mobile will hold a conference call to discuss its first quarter 2024 results on Wednesday, May 15, 2024, at 4:30 p.m.

Mobile Infrastructure Announces Timing of First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Tuesday, April 16, 2024

Mobile Infrastructure Corporation [NYSE American: BEEP], owners of a diversified portfolio of parking assets throughout the United States, will issue its first quarter 2024 earnings release on Wednesday, May 15, 2024, after the close of the U.S. market.

Key Points: 
  • Mobile Infrastructure Corporation [NYSE American: BEEP], owners of a diversified portfolio of parking assets throughout the United States, will issue its first quarter 2024 earnings release on Wednesday, May 15, 2024, after the close of the U.S. market.
  • You are invited to participate in the Company’s conference call hosted by senior management on May 15, 2024, at 4:30 PM Eastern Time.
  • 1Q24 Conference Call Date & Time:
    To participate on the day of the call, dial 1-866-652-5200, or internationally 1-412-317-6060, approximately ten minutes before the call, and tell the operator you wish to join the Mobile Infrastructure Conference Call.
  • A live webcast of the conference call will be available in the Investor Relations section of the Mobile Infrastructure website at 1Q Earnings Webcast .

Mobile Infrastructure Reports Fourth Quarter 2023 Financial Results

Retrieved on: 
Thursday, March 14, 2024

Mobile Infrastructure Corporation (NYSE American: BEEP), (“Mobile”, “Mobile Infrastructure” or the “Company”), owners of a diversified portfolio of parking assets throughout the United States, today reported results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Mobile Infrastructure Corporation (NYSE American: BEEP), (“Mobile”, “Mobile Infrastructure” or the “Company”), owners of a diversified portfolio of parking assets throughout the United States, today reported results for the fourth quarter and full year ended December 31, 2023.
  • Total revenue of $7.9 million during the fourth quarter of 2023 increased by 14.3% from $6.9 million in the prior year quarter.
  • Interest expense for the fourth quarter 2023 was $3.0 million, as compared to $3.4 million during the fourth quarter of 2022, benefiting from the repayment of debt in the third quarter of 2023.
  • Mobile will hold a conference call to discuss its fourth quarter and full year 2023 results on Thursday, March 14, 2024, at 4:30 p.m.

Mobile Infrastructure Announces Timing of Fourth Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Friday, March 1, 2024

Mobile Infrastructure Corporation [NYSE American: BEEP], owners of a diversified portfolio of parking assets throughout the United States, will issue its fourth quarter 2023 earnings release on Thursday, March 14, 2024, after the close of the U.S. market.

Key Points: 
  • Mobile Infrastructure Corporation [NYSE American: BEEP], owners of a diversified portfolio of parking assets throughout the United States, will issue its fourth quarter 2023 earnings release on Thursday, March 14, 2024, after the close of the U.S. market.
  • You are invited to participate in the Company’s conference call hosted by senior management on March 14, 2024, at 4:30 PM ET.
  • 4Q23 Conference Call Date & Time:
    To participate on the day of the call, dial 1-866-652-5200, or internationally 1-412-317-6060, approximately ten minutes before the call and tell the operator you wish to join the Mobile Infrastructure Conference Call.
  • A live webcast of the conference call will be available in the Investor Relations section of the Mobile Infrastructure website at 4Q Earnings Webcast .

Mobile Infrastructure Reports Third Quarter 2023 Financial Results

Retrieved on: 
Monday, November 13, 2023

Mobile Infrastructure Corporation (NYSE American: BEEP) (“Mobile” or the “Company”), a company focusing on acquiring, owning and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States, today reported results for the third quarter ended September 30, 2023.

Key Points: 
  • Mobile Infrastructure Corporation (NYSE American: BEEP) (“Mobile” or the “Company”), a company focusing on acquiring, owning and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States, today reported results for the third quarter ended September 30, 2023.
  • Additionally, third quarter results were impacted by substantial non-cash charges that are not expected to recur in future periods.
  • Excluding these charges, the Company would have reported results that were comparable to last year’s third quarter.
  • Total revenue of $8.1 million during the third quarter of 2023 declined by 3.5% from $8.4 million in the prior year quarter.

Mobile Infrastructure Corporation Completes Public Listing Following Merger with Fifth Wall Acquisition Corp. III

Retrieved on: 
Monday, August 28, 2023

The transaction valued the equity of Mobile at $15.00 per share versus its published 2022 Net Asset Value (“NAV”) of $14.76 per share.

Key Points: 
  • The transaction valued the equity of Mobile at $15.00 per share versus its published 2022 Net Asset Value (“NAV”) of $14.76 per share.
  • Mobile Infrastructure Corporation’s common stock commenced trading on the New York Stock Exchange American under the ticker “BEEP” on August 28, 2023.
  • Manuel Chavez, CEO and Chairman of Mobile Infrastructure stated, “Public listing is an important milestone in our growth trajectory.
  • Brad Greiwe, Co-Founder and Managing Partner at Fifth Wall, commented, “We are excited to have completed the merger with Mobile Infrastructure in a transaction that very clearly aligns the interests of all stakeholders.

Mobile Infrastructure Corporation Appoints David Garfinkle to Board of Directors

Retrieved on: 
Monday, February 6, 2023

Mobile Infrastructure Corporation (the “Company” or “MIC”), a publicly registered, non-listed company which invests primarily in parking lots and garages in the United States, announced today the appointment of David Garfinkle to the Company’s Board of Directors (“the Board”), effective January 31, 2023.

Key Points: 
  • Mobile Infrastructure Corporation (the “Company” or “MIC”), a publicly registered, non-listed company which invests primarily in parking lots and garages in the United States, announced today the appointment of David Garfinkle to the Company’s Board of Directors (“the Board”), effective January 31, 2023.
  • Mr. Garfinkle served as CoreCivic’s Vice President of Finance and Controller from February 2001 to May 2014.
  • From 1996 to 2001, Mr. Garfinkle served as Vice President and Controller for Bradley Real Estate, Inc., a publicly traded REIT.
  • “I want to extend a warm welcome to David as he joins our Board of Directors,” said Manuel Chavez, CEO of the Company.

Mobile Infrastructure Corporation To Be Publicly Listed In Merger With Fifth Wall Acquisition Corp. III

Retrieved on: 
Tuesday, December 13, 2022

Brad Greiwe , Co-Founder and Managing Partner at Fifth Wall, shared, Fifth Wall has long evaluated the landscape of parking owner-operators and the technologies applicable to those businesses.

Key Points: 
  • Brad Greiwe , Co-Founder and Managing Partner at Fifth Wall, shared, Fifth Wall has long evaluated the landscape of parking owner-operators and the technologies applicable to those businesses.
  • This document relates to the proposed merger involving Fifth Wall Acquisition Corp. III ("FWAC") and Mobile Infrastructure Corp. ("MIC").
  • FWAC is sponsored by Fifth Wall Acquisition Sponsor III LLC (the "FWAC Sponsor"), which is an affiliate of Fifth Wall.
  • However, FWAC is an independent publicly-traded company, and not a member of Fifth Wall or the Fifth Wall Group.

Mobile Infrastructure Corporation Appoints Toby Asbury as Chief Operating Officer

Retrieved on: 
Wednesday, October 26, 2022

Mobile Infrastructure Corporation (the Company or MIC), a publicly registered, non-listed company which invests primarily in parking lots and garages in the United States, announced today the appointment of Toby Asbury as Chief Operating Officer effective October 25, 2022.

Key Points: 
  • Mobile Infrastructure Corporation (the Company or MIC), a publicly registered, non-listed company which invests primarily in parking lots and garages in the United States, announced today the appointment of Toby Asbury as Chief Operating Officer effective October 25, 2022.
  • Manuel Chavez, CEO of Mobile Infrastructure said, We have worked with Toby in various capacities since 2018.
  • Since August 2021, Asbury has served as Vice President of Asset Management of the Company.
  • Mobile Infrastructure is an internally-managed, publicly registered, non-listed company that invests primarily in parking lots and garages in the United States.