Mobile Infrastructure Stock (NASDAQ:BEEP)

Established on May 4, 2015, Mobile Infrastructure Corporation operates as a Maryland-based entity. The company's primary operations encompass the acquisition, ownership, and rental of diverse parking facilities and their associated infrastructure, ranging from surface lots to multi-level garages, throughout the United States. It strategically targets both multi-story parking structures and ground-level lots, predominantly located within the top 50 U.S. Metropolitan Statistical Areas (MSAs). These sites are selected for their advantageous proximity to key demand generators, such as commercial hubs, event spaces, governmental and institutional bodies, hospitality zones, and central business districts with multi-family residential developments. As of June 30, 2023, its extensive portfolio boasted 43 parking properties spread across 21 different markets nationwide, providing a total of 15,676 parking spots and encompassing around 5.4 million square feet. Additionally, the corporation possesses an estimated 0.2 million square feet of retail and commercial space, often co-located with its parking operations.