v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues    
Managed property revenue $ 27,848 $ 0
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 0 16,101
Professional fees 1,759 1,724
Organizational, offering and other costs 0 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)
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 (in dollars per share) $ (0.24) $ (2.45)
Weighted average common shares outstanding, basic and diluted (in shares) 32,007,271 13,244,388
Series A Preferred Stock [Member]    
Other    
Preferred stock distributions declared $ (134) $ (197)
Series 1 Preferred Stock [Member]    
Other    
Preferred stock distributions declared (1,640) (2,555)
Series 2 Preferred Stock [Member]    
Other    
Preferred stock distributions declared 0 (4,600)
Base Rent Income [Member]    
Revenues    
Rental income 6,195 8,165
Percentage Rent Income [Member]    
Revenues    
Rental income $ 2,965 $ 22,107

Source