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Stock impact report

Mobile Infrastructure (BEEP) Q2 Earnings and Revenues Improve Y/Y [Yahoo! Finance]

Mobile Infrastructure Corporation (BEEP) 
Company Research Source: Yahoo! Finance
Revenues in Detail Mobile Infrastructure registered revenues of $9.3 million in the second quarter, up 28.4% year over year. The increase in total revenues was due primarily to 27 of the company's 42 assets converting to management contracts in the first half of 2024. The change to management contracts resulted in Mobile Infrastructure recognizing revenues from all parking transactions at those locations. Segment Details Mobile Infrastructure derives revenues from three segments — Managed property revenues, Base rent income and Percentage rental income. For the quarter under review, Managed property revenues were $7.2 million. The segment derived revenues from Transient Parkers ($4.7 million), Contract Parkers ($2.5 million) and Ancillary Revenue ($0.1 million). Revenues from Base rent income during the second quarter were $17.6 million (down 21.9% year over year), while revenues from Percentage rental income were $0.5 million (down 90.2% year over year). Mobile Infrast Show less Read more
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