Mobile Infrastructure Business Summary

Mobile Infrastructure Corp (BEEP) operates as a specialized real estate investment firm focused on the acquisition, ownership, and optimization of parking and mobility assets across the United States. The company generates revenue through two primary streams: rental income from leased parking facilities and managed property revenue from assets operated under management contracts. As of early 2026, the firm is aggressively executing a multi-year portfolio optimization plan, which involves divesting approximately $100 million in non-core assets to reinvest in high-performing mobility hubs within the top 50 Metropolitan Statistical Areas (MSAs). This strategy includes a deliberate shift from fixed-lease arrangements to management contracts to capture higher net operating income (NOI) and operational upside. Mobile Infrastructure positions itself as the only pure-play, publicly traded parking platform in the U.S. market, competing directly with diversified real estate and infrastructure firms such as Boston Omaha (BOC), Maui Land & Pineapple (MLP), and Claros Mortgage Trust (CMTG). The company is led by Chief Executive Officer Stephanie Hogue, who assumed the role in August 2025 after serving as President and CFO; she brings over 20 years of experience in capital markets and real assets, including a previous tenure as Managing Director at PwC Corporate Finance. Founder Manuel Chavez III, who served as CEO until 2025, now acts as Executive Co-Chairman and Chair of the Investment Committee, leveraging nearly three decades of experience in transportation infrastructure and his role as Managing Partner of Bombe Asset Management. The leadership team also includes Chief Financial Officer Paul Gohr, who oversees the firm's complex capital market transactions and asset-backed securitizations. Notable board leadership includes Independent Co-Chairman Jeffrey Osher, the founder of No Street Capital and the company's largest shareholder, whose investment expertise guides the firm's long-term value creation and asset rotation strategies.