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EarningsQ2 2026 Earnings Report
BEEP Q2 2026 EPS Results
Actual EPS-$0.08
Consensus EPS-$0.09
Beat/MissBeat by +<$0.01
One Year Ago EPS-$0.11
BEEP Q2 2026 Revenue Results
Actual Revenue$8.89M
Expected Revenue$8.38M
Beat/MissBeat by +$513.00K
YoY Revenue Growth-1.10%
Earnings Announcement Details
QuarterQ2 2026
Date08/11/2026
TimeAfter Close
Conference CallTuesday, August 11, 2026
BEEP Upcoming Earnings
Mobile Infrastructure Corp's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
BEEP Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call was constructive and tilted positive: management reported broad-based operational improvement (utilization, RevPAS, contract volumes), strong same-location NOI and adjusted EBITDA growth, active deleveraging and asset rotation progress, and reaffirmed full-year guidance. Remaining negatives include a slight decline in reported revenue due to dispositions, pockets of higher operating/G&A expense, continued material net debt, timing and execution risk on asset sales, and uncertainty related to a take-private proposal.Company Guidance
Same-Location NOI Growth
Same-location NOI increased 12% year-over-year to $5.9M (from $5.2M), driven by same-location revenue growth, lease-to-management conversions, active property tax appeals, and expense discipline.
Same-Location Revenue Improvement
Same-location revenue rose 5.6% year-over-year to $8.9M (excluding dispositions), while reported total revenue was $8.9M in Q2 2026 (impacted by asset sales).
Utilization and RevPAS Momentum
Trailing 12-month portfolio utilization reached 70% (up 5 percentage points YoY from 65%); quarter-average utilization was the highest since 2021. RevPAS was approximately $225 in the quarter (highest Q2 in 3 years) and trailing-12-month RevPAS exceeded $200.
Contract and Transient Volume Recovery
Contract parking volumes grew ~12% YoY and 7% sequentially; average transient transactions rose 3% YoY and transient revenue grew ~4% portfolio-wide. Several Midwestern and recovery markets (Chicago, Cincinnati, Milwaukee, Nashville) contributed meaningfully.
Improving Adjusted EBITDA and Expense Control
Adjusted EBITDA increased 5.5% YoY to $4.1M. Property taxes decreased to $1.4M from $1.8M (same-location taxes down ~$300k). Management highlighted expense discipline and the ability to deliver ~2x NOI growth versus same-location revenue growth.
Active Capital Allocation and Deleveraging
Total net debt decreased to $197.1M (paid $3.7M principal + $0.8M accrued interest in Q2; $22.6M repaid to date). Cash and restricted cash totaled $10.9M. Asset-rotation program proceeds have exceeded $30M to date, with ~ $25M of transaction value under active negotiation.
Reaffirmed Full-Year 2026 Guidance
Management reaffirmed 2026 guidance: total revenue $35M–$38M (~4% growth at midpoint), same-location revenue ~8% growth, NOI $21.5M–$23M (~7% growth at midpoint, 10% same-location), and adjusted EBITDA $15M–$16.5M (10% growth at midpoint, 13% same-location).
Strong Strategic Positioning
Management emphasized a clear playbook—drive utilization then convert to rate, rotate non-core assets at premium private-market valuations, and professionalize operations. Company assets described as irreplaceable urban land with adaptive reuse optionality and NAV materially above current trading price.
BEEP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed