MRT Stock Forecast & Price Target

Marti Technologies Inc. has demonstrated a positive forward momentum reflected in its increased Net Asset Value Per Unit (NAVPU), which rose to $6.50 due to higher net operating income (NOI). The company experienced a remarkable 22.4% year-over-year increase in retail NOI, primarily driven by a significant tax refund, indicating resilience in revenue generation despite overall market pressures. Additionally, improvements in occupancy rates across various segments suggest a recovering demand for their mobility services, bolstering the outlook for sustained growth and profitability.

Marti Technologies Inc. is experiencing a decline in its financial performance, reflected in its total net operating income (NOI) which decreased by 3.1% year-over-year, largely driven by significant weaknesses in the office sector that have created overall headwinds for the business. The company faces a projected $15 million reduction in NOI in 2025 stemming from the lease expiry at the Penn West Plaza in Calgary, which further compounds its financial challenges. Additionally, the outlook is further strained by the potential for a prolonged economic downturn or elevated interest rates, which could adversely impact Marti's operating results and its ability to sustain current distribution levels.