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Stock impact report

Mobile Infrastructure Reports First Quarter 2024 Financial Results [Yahoo! Finance]

Mobile Infrastructure Corporation (BEEP) 
Company Research Source: Yahoo! Finance
--Re-affirm Full Year 2024 Guidance for Accelerated Growth in Parking Asset Portfolio Performance-- --Conference Call Will be Held Today at 4:30 PM ET-- CINCINNATI, May 15, 2024 BUSINESS WIRE 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. Management Commentary Commenting on the results, Manuel Chavez III, Chief Executive Officer, said, "Our first quarter results were in line with our expectations and represented a solid start to the year. Year-on-year revenue growth of 24% reflected mid-single-digit organic growth and the accounting benefit of the shift from leased to management contracts at 26 of our properties. Organic growth in the quarter was led by increases in monthly contract parking revenues, and a pick-up in demand at parking assets adjacent to retail Show less Read more
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