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Mobile Infrastructure Corporation (BEEP) 10-Year Financial Performance & Capital Metrics

BEEP • • REIT / Real Estate
Real EstateReal EstateParking InfrastructureParking Facility Owners & Operators
AboutMobile Infrastructure Corporation is a Maryland corporation formed on May 4, 2015. The Company focuses on acquiring, owning and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States. The Company targets 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 June 30, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,676 parking spaces and approximately 5.4 million square feet. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.Show more
  • Revenue $37M +22.3%
  • FFO $3M +115.9%
  • FFO/Share 0.08 +106.6%
  • FFO Payout 367.4%
  • FFO per Share 0.08 +106.6%
  • NOI Margin 61.16% -12.3%
  • FFO Margin 7.13% +113.0%
  • ROE -2.94% +77.2%
  • ROA -1.38% +76.5%
  • Debt/Assets 51.36% +12.7%
  • Net Debt/EBITDA 20.09 -31.2%
  • Book Value/Share 5.91 -61.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High NOI margin of 61.2%
  • ✓Trading at only 0.5x book value

✗Weaknesses

  • ✗FFO declining 1243.2% TTM
  • ✗Dividend exceeds FFO - may not be sustainable
  • ✗Weak momentum: RS Rating 13 (bottom 13%)
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y10.18%
3Y21.91%
TTM-0.76%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-70.01%

EPS CAGR

10Y-
5Y-
3Y-
TTM27.05%

ROCE

10Y Avg-11.06%
5Y Avg-0.57%
3Y Avg-0.59%
Latest0.47%

Peer Comparison

Parking Facility Owners & Operators
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BEEPMobile Infrastructure Corporation115.06M2.72-11.3322.25%-42.13%-8.8%1.13

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+01.6M10.4M22.1M22.79M16.59M20.42M29.1M30.27M37.01M
Revenue Growth %--5.48%1.12%0.03%-0.27%0.23%0.42%0.04%0.22%
Property Operating Expenses0000006.96M9.83M9.16M14.38M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+187.5K5.58M16.04M17.57M55.78M31.37M15.03M25.07M42.36M20.96M
G&A Expenses187.5K1.06M1.9M7.86M46.13M7M9.18M11.22M14.88M12.55M
EBITDA+0000004.31M2.45M6.22M10.08M
EBITDA Margin %----------
Depreciation & Amortization+187.5K312K-3.55M-2.98M34.09M1.91M5.88M8.25M8.51M8.4M
D&A / Revenue %----------
Operating Income+-187.5K-312K3.55M2.98M-34.09M-1.91M-1.57M-5.8M-2.29M1.68M
Operating Margin %----------
Interest Expense+0000009.54M013.91M13.83M
Interest Coverage-------0.16x--0.16x0.12x
Non-Operating Income0000001.26M-382K0-3.77M
Pretax Income+-189K-4.13M-10.29M-4.92M-42.5M-24.05M-12.36M-18.33M-38.24M-8.38M
Pretax Margin %----------
Income Tax+-1.5K-3.82M-13.85M-7.9M-8.41M00000
Effective Tax Rate %----------
Net Income+-189K-4.25M-11.41M-7.77M-45.56M-26.47M-14.06M-11.12M-25.12M-5.76M
Net Margin %----------
Net Income Growth %--21.48%-1.69%0.32%-4.86%0.42%0.47%0.21%-1.26%0.77%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %--2623.67%-2.8%0.28%-0.07%-1.14%0.67%0.65%-4.79%1.16%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-0.83-3.85-4.21-1.19-6.66-3.61-1.82-0.85-2.45-0.24
EPS Growth %--3.64%-0.09%0.72%-4.6%0.46%0.5%0.53%-1.88%0.9%
EPS (Basic)-0.83-3.85-4.21-1.19-6.66-3.61-1.82-0.85-2.45-0.24
Diluted Shares Outstanding228.84K1.1M2.71M6.55M6.84M7.33M7.74M13.09M13.24M32.01M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+2.45M70.25M312.94M323.57M318.34M293.73M429.15M436.11M423.24M415.06M
Asset Growth %-27.7%3.45%0.03%-0.02%-0.08%0.46%0.02%-0.03%-0.02%
Real Estate & Other Assets+180K11.82M18.87M8.56M12.78M9.69M61K210K1.38M0
PP&E (Net)053.55M285.57M309.9M297.86M278.85M397.82M408.98M395.68M383.28M
Investment Securities0000001000K1000K00
Total Current Assets+2.27M4.88M8.5M5.11M7.71M4.24M21.51M16.81M18.98M25.33M
Cash & Equivalents2.27M4.88M8.5M5.11M7.71M4.24M11.8M5.76M11.13M10.65M
Receivables0000001000K1000K1000K1000K
Other Current Assets000000-568K99K5.58M8.04M
Intangible Assets00000958K9.76M10.11M7.2M6.45M
Total Liabilities106K5.32M123.77M155.96M159.12M159.34M223.32M249.1M220.28M225.79M
Total Debt+106K5.32M123.77M155.96M159.12M159.34M207.15M219.68M192.9M213.16M
Net Debt-2.16M433K115.27M150.85M151.41M155.11M195.35M213.92M181.77M202.5M
Long-Term Debt106K5.32M123.77M155.96M159.12M159.34M207.15M146.95M121.45M185.92M
Short-Term Borrowings00000001000K1000K1000K
Capital Lease Obligations0000000000
Total Current Liabilities+00000014M102.16M84.12M38.94M
Accounts Payable0000008.35M19.48M14.67M10.63M
Deferred Revenue000000155K376K00
Other Liabilities0000002.17M014.71M935K
Total Equity+2.3M55.87M162.18M162.12M130.25M110.82M205.82M187.01M202.96M189.27M
Equity Growth %-23.25%1.9%-0%-0.2%-0.15%0.86%-0.09%0.09%-0.07%
Shareholders Equity2.3M51.75M159.43M159.43M127.63M108.78M98.45M87.33M109.39M169.98M
Minority Interest04.12M2.75M2.69M2.62M2.03M107.38M99.68M93.57M19.29M
Common Stock000000275M277.85M2K2K
Additional Paid-in Capital000000196.18M193.18M240.36M306.72M
Retained Earnings-126K-5.13M-18.17M-23.95M-66.51M-89.98M-101.05M-109.17M-134.29M-140.06M
Preferred Stock0000000000
Return on Assets (ROA)-0.08%-0.12%-0.06%-0.02%-0.14%-0.09%-0.04%-0.03%-0.06%-0.01%
Return on Equity (ROE)-0.08%-0.15%-0.1%-0.05%-0.31%-0.22%-0.09%-0.06%-0.13%-0.03%
Debt / Assets0.04%0.08%0.4%0.48%0.5%0.54%0.48%0.5%0.46%0.51%
Debt / Equity0.05x0.10x0.76x0.96x1.22x1.44x1.01x1.17x0.95x1.13x
Net Debt / EBITDA------45.30x87.24x29.20x20.09x
Book Value per Share10.0750.6859.8424.7519.0515.1226.5914.2915.325.91

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-310.5K-3.64M-8.49M-1.67M-1.77M-6.31M-20.06M1.51M-2.13M-784K
Operating CF Growth %--10.74%-1.33%0.8%-0.06%-2.57%-2.18%1.08%-2.41%0.63%
Operating CF / Revenue %----------
Net Income-189K-4.27M-10.75M-4.96M-42.56M-23.47M-12.36M-18.33M-38.24M-8.38M
Depreciation & Amortization0195K2.04M4.92M5.17M5.32M5.88M8.25M8.51M8.4M
Stock-Based Compensation000000144K2.51M7.48M5.72M
Other Non-Cash Items100.5K643K5.02M1.38M37.16M12.5M-10.4M1.41M20.7M-2.69M
Working Capital Changes-222K-214K-4.8M-3M-1.54M-650K-3.32M7.62M-578K-3.83M
Cash from Investing+0-59.42M-88.39M-24.46M2.81M1.49M-20.25M-19.44M-346K4.24M
Acquisitions (Net)00-738K0000000
Purchase of Investments000000-275M000
Sale of Investments0000000001000K
Other Investing0-59.42M-87.65M-24.4M2.85M1.49M255.46M-16.86M1.48M0
Cash from Financing+3.71M65.69M108.63M18.84M1.17M1.07M48.97M12.21M8.21M-4.34M
Dividends Paid0-274K-1.18M-3.31M-3.02M-750K000-9.69M
Common Dividends0-274K-1.18M-3.31M-3.02M-750K0000
Debt Issuance (Net)000000-1000K1000K-1000K1000K
Share Repurchases000-812K-245K-128K000-12.29M
Other Financing3.71M65.96M109.8M22.15M4.18M1.82M51.18M-2.66M37.29M-4.38M
Net Change in Cash+3.4M2.62M11.85M-7.29M2.21M-3.75M8.8M-5.72M5.74M-892K
Exchange Rate Effect000000146K000
Cash at Beginning02.27M4.88M16.73M9.44M11.64M7.89M16.7M10.97M16.71M
Cash at End3.4M4.88M16.73M9.44M11.64M7.89M16.7M10.97M16.71M15.82M
Free Cash Flow+-310.5K-3.64M-8.49M-1.73M-1.81M-6.31M-20.77M-1.07M-3.95M-1.29M
FCF Growth %--10.74%-1.33%0.8%-0.04%-2.49%-2.29%0.95%-2.69%0.67%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share-0.01-3.57-5.52-1.64-1.68-3.35-1.06-0.22-1.250.08
FFO Payout Ratio0%-6.96%-7.87%-30.79%-26.3%-3.05%0%0%0%367.4%
NOI Margin-100%100%100%100%100%65.9%66.21%69.73%61.16%
Net Debt / EBITDA------45.30x87.24x29.20x20.09x
Debt / Assets4.33%7.57%39.55%48.2%49.98%54.25%48.27%50.37%45.58%51.36%
Interest Coverage-------0.16x--0.16x0.12x
Book Value / Share10.0750.6859.8424.7519.0515.1226.5914.2915.325.91
Revenue Growth--548.22%112.42%3.14%-27.2%23.08%42.48%4.02%22.25%

Frequently Asked Questions

Growth & Financials

Mobile Infrastructure Corporation (BEEP) reported $35.5M in revenue for fiscal year 2024.

Mobile Infrastructure Corporation (BEEP) grew revenue by 22.3% over the past year. This is strong growth.

Mobile Infrastructure Corporation (BEEP) reported a net loss of $14.9M for fiscal year 2024.

Dividend & Returns

Yes, Mobile Infrastructure Corporation (BEEP) pays a dividend with a yield of 11.13%. This makes it attractive for income-focused investors.

Mobile Infrastructure Corporation (BEEP) has a return on equity (ROE) of -2.9%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Mobile Infrastructure Corporation (BEEP) generated Funds From Operations (FFO) of $-5.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Mobile Infrastructure Corporation (BEEP) offers a 11.13% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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