Parking REIT

The Parking REIT Inc., formerly known as MVP REIT II Inc. (the “Company,” “we,” “us” or “our”), is a Maryland corporation formed on May 4, 2015 and has elected to be taxed, and has operated in a manner that will allow the Company to qualify as a real estate investment trust (“REIT”) for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2017; therefore, it is the Company’s intention to file its income tax return as a REIT for the year ended December 31, 2019.

Company profile

Website

Incorporated

Location

Fiscal year end

Sector

Finance > REITS and Finance

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • VEREIT • Prologis • Vornado Realty Trust • Vornado Realty • Welltower • Healthpeak Properties • Erp Operating LTD Partnership ...

Former names

MVP REIT II, Inc., Parking REIT, Inc.

SEC CIK

0001642985

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

MVP PF Memphis Poplar 2013, LLC • MVP PF St. Louis 2013, LLC • Mabley Place Garage, LLC • MVP Denver Sherman, LLC • MVP Fort Worth Taylor, LLC • MVP Milwaukee Old World, LLC • MVP Houston Saks Garage, LLC • MVP Milwaukee Wells, LLC • MVP St. Louis Seventh & Cerre, LLC • MVP Wildwood NJ Lot, LLC ...

IRS number

473945882

Investment data

Data from SEC filings

Securities sold

Number of investors

Financial summary

Financial statements Chart financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	13.98M	13.98M	13.98M	13.98M	13.98M	13.98M
Cash burn (monthly)	160.33K	(no burn)	390.67K	225.75K	(no burn)	1.39M
Cash used (since last report)	473.63K	n/a	1.15M	666.88K	n/a	4.12M
Cash remaining	13.51M	n/a	12.83M	13.31M	n/a	9.86M
Runway (months of cash)	84.2	n/a	32.8	59.0	n/a	7.1

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

Parking REIT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
23 Aug 22	Stephanie Hogue	LTIP Units Common Stock	Grant	Acquire A	No	No	102,128	102,128
23 Aug 22	Manuel Chavez III	LTIP Units Common Stock	Grant	Acquire A	No	No	170,213	170,213
27 May 22	Kellar Lorrence T	LTIP Units Common Stock	Grant	Acquire A	No	No	2,411	2,411
27 May 22	Danica Holley	LTIP Units Common Stock	Grant	Acquire A	No	No	1,984	1,984

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

Parking REIT institutional ownership history Ownership history

33.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1	1	–
Opened positions	0	0
Closed positions	0	0
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	0	0
Total shares	2.62M	2.62M	–
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Color Up	2.62M	$0	0.0%

Largest transactions	Shares	Bought/sold	Change
Color Up	2.62M	0	0.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Canada

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: acquiree, AFFO, announced, Bidder, Bricktown, Carlo, collaborate, collaboration, commerce, deep, depressed, drawn, endorse, equivalent, family, foot, forfeiture, fostering, hired, hiring, Holdco, IPO, lieu, literature, LTIP, MacKenzie, MIT, Monte, multifamily, ninety, peer, percent, privileged, PU, PUs, ratably, reallocating, repayment, requisite, Sheridan, simulation, Stok, strength, Suncrest, surviving, tailored, technical, training, treasury, undistributed, unfinished, unrecognized, unsolicited, unvested, user

Removed: distribution, maintenance

From filing 10-Q 2022 Q2

Financial reports

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