Mobile Infrastructure Q1 revenue $7.9M; same-location NOI +4.4%; asset rotation proceeds >$30M

Mobile Infrastructure Corp

• Total revenue $7.9M (down from $8.2M YoY); net loss $7.8M (vs $4.3M prior year).
• Same-location NOI $4.6M, up 4.4% YoY; Adjusted EBITDA $3.0M, up 8.7% YoY.
• Contract parking volumes grew ~6% YoY, now ~38% of management agreement revenue; transient volumes up ~3%.
• Asset rotation cumulative proceeds >$30M of $100M target at ~2% cap rate; $12.6M debt paydowns.

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