Mobile Infrastructure Corporation (AMEX:BEEP) Q4 2023 Earnings Call Transcript

Brian Maher : Thanks. That’s all for me. And welcome to the world of quarterly conference calls.

Stephanie Hogue: We’re looking forward to it, Brian.

Operator: Thank you. [Operator Instructions] Our next question comes from Bryan Frackman with Lion Street Capital. Please go ahead.

Bryan Frackman: Hey, guys, congratulations on your first call.

Stephanie Hogue: Thank you.

Bryan Frackman: Wanted to just touch base there on return to office. How does that dynamic impact your forecasting strategies and potentially sort of what are the assumptions embedded, and anything you want to sort of discuss on that topic?

Manuel Chavez: Yeah, no, that’s a great question, particularly with what we’re seeing out there today. We are not basing our annual operating plan or budgeting on a return to office movement. The return to office move, quite frankly, been anecdotal. It’s been our experience over the past 18 months, it’s been almost flat. So our assumptions are that the status quo is the new normal. But what we do believe that is the continued densification of the urban core. We’re firm believers and supporters of civic and public infrastructure, and that infrastructure remains a giant demand driver. For example, Athletic Stadium, ballparks and arenas, convention centers, concentration of hotel rooms, interstate connectivity, and the increasingly residential development and redevelopment. And so, our idea to grow our business is to focus on those demand drivers and to drive utilization and rental rates by capturing those demands.

Bryan Frackman: Thanks, guys.

Manuel Chavez: See you.

Operator: Thank you. And this concludes our question-and-answer session. I’d like to turn the conference back over to the management team for any closing remarks.

Manuel Chavez: Thank you, everybody. Appreciate your time this afternoon.

Stephanie Hogue: Thanks, all.

Operator: Thank you. This concludes today’s conference call. We thank you all for attending today’s presentation. You may now disconnect your lines. And have a wonderful day.