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Stock impact report

Mobile Infrastructure Reports Third Quarter 2024 Financial Results

Mobile Infrastructure Corporation (BEEP) 
Company Research Source: Business Wire
--Continued Progress Across Key Operating and Financial Metrics----Secular Trends Should Begin to Benefit Q4 and Strengthen Comparisons in 2025----Re-affirms Full Year 2024 Guidance----Conference Call Will be Held November 13th at 8 AM ET-- CINCINNATI--(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 third quarter ended September 30, 2024.Commenting on the results, Manuel Chavez III, Chief Executive Officer, said “Our asset portfolio performance was stable in the third quarter, with Net Operating Income increasing 3.8% from the same period last year. Recurring contract parking volumes showed continued strength, offsetting sluggish transient business conditions that affected utilization at hospitality and event locations. As the third quarter progressed, several secular trends began to emerge t Show less Read more
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