Mobile Infrastructure Corporation is a mobility-focused parking asset owner in the United States. The Company invests primarily in parking lots and garages and relies on in house expertise and technologies to optimize asset utilization. It is focused on acquiring, owning and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. The Company target both parking garage and surface lot properties primarily in the United States Metropolitan Statistical Areas. It owns approximately 43 parking facilities located in 21 separate markets throughout the United States, with more than 15,700 parking spaces and approximately 5.4 million square feet. It also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 27.17% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 37.01M.
Fairly Valued
The company’s latest PE is -11.22, at a medium 3-year percentile range.
Institutional Buying
The latest institutional holdings are 57.58M shares, increasing 26.89% quarter-over-quarter.
Held by Baillie Gifford
Star Investor Baillie Gifford holds 14.49M shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of -0.59.