Mobile Infrastructure Corp
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 11, 2025
BEEP$2.37-1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In thousands, except per share amounts)
| For the Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | ||
| Managed property revenue | $27,848 | $— |
| Base rental income | 6,195 | 8,165 |
| Percentage rental income | 2,965 | 22,107 |
| Total revenues | 37,008 | 30,272 |
| Operating expenses | ||
| Property taxes | 7,256 | 7,178 |
| Property operating expense | 7,119 | 1,985 |
| Depreciation and amortization | 8,403 | 8,512 |
| General and administrative | 10,794 | 13,160 |
| Preferred Series 2 - issuance expense | — | 16,101 |
| Professional fees | 1,759 | 1,724 |
| Organizational, offering and other costs | — | 2,862 |
| Impairment | 157 | 8,982 |
| Total expenses | 35,488 | 60,504 |
| Other | ||
| Interest expense, net | (13,830) | (13,910) |
| Gain on sale of real estate | 2,651 | 660 |
| Other income, net | 434 | 1,179 |
| Change in fair value of Earn-Out liability | 844 | 4,065 |
| Total other expense | (9,901) | (8,006) |
| Net loss | (8,381) | (38,238) |
| Net loss attributable to non-controlling interest | (2,616) | (13,115) |
| Net loss attributable to Mobile Infrastructure Corporation’s stockholders | $(5,765) | $(25,123) |
| Preferred stock distributions declared - Series A | (134) | (197) |
| Preferred stock distributions declared - Series 1 | (1,640) | (2,555) |
| Preferred stock distributions declared - Series 2 | — | (4,600) |
| Net loss attributable to Mobile Infrastructure Corporation’s common stockholders | $(7,539) | $(32,475) |
| Basic and diluted loss per weighted average common share: | ||
| Net loss per share attributable to Mobile Infrastructure Corporation’s common stockholders - basic and diluted | $(0.24) | $(2.45) |
| Weighted average common shares outstanding, basic and diluted | 32,007,271 | 13,244,388 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.