Mobile Infrastructure Shares Decline on 1Q Operating Income Decline

Dow Jones

05/14

By Denny Jacob

Mobile Infrastructure shares declined 34% in premarket trading on softer net operating income in its first quarter.

Shares were trading around $2.51 on Wednesday. The stock is down 15% on the year through Tuesday's close.

The parking facilities owner said net operating income-- defined as revenue less property taxes and operating expenses-- declined to $4.5 million from $5.4 million in the prior-year period.

Chief Executive Manuel Chavez said the metric was constrained by several factors in the quarter, including a lower number of special events and reduced attendance at those events.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

May 14, 2025 07:41 ET (11:41 GMT)

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The stock is down 15% on the year through Tuesday's close.The parking facilities owner said net operating income-- defined as revenue less property taxes and operating expenses-- declined to $4.5 million from $5.4 million in the prior-year period.Chief Executive Manuel Chavez said the metric was constrained by several factors in the quarter, including a lower number of special events and reduced attendance at those events.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"BEEP":"Mobile Infrastructure Corporation New"},"translate_title":"移动基础设施股价因第一季度营业收入下降而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BEEP":0.9},"content_text":"By Denny Jacob \n\n\n \n\n\n  Mobile Infrastructure shares declined 34% in premarket trading on softer net operating income in its first quarter. \n\n\n  Shares were trading around $2.51 on Wednesday. The stock is down 15% on the year through Tuesday's close. \n\n\n  The parking facilities owner said net operating income-- defined as revenue less property taxes and operating expenses-- declined to $4.5 million from $5.4 million in the prior-year period. \n\n\n  Chief Executive Manuel Chavez said the metric was constrained by several factors in the quarter, including a lower number of special events and reduced attendance at those events. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 14, 2025 07:41 ET (11:41 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}