MacKenzie Realty Capital, Inc. (MKZR)
MacKenzie Realty Capital, Inc. (which, along with its subsidiaries, is collectively referred to as "the Company," "we," or "our") was formed on January 27, 2012, in accordance with Maryland's general corporation laws. The Company has chosen to be taxed as a Real Estate Investment Trust (REIT), complying with the definitions provided in Subchapter M of the amended Internal Revenue Code of 1986. A total of 100,000,000 shares are authorized for issuance. This total comprises 80,000,000 shares of common stock and 20,000,000 shares of preferred stock, each possessing a par value of $0.0001. Our business operations began on February 28, 2013, and our fiscal year ends annually on June 30.
Sector: Real Estate Investment Trusts
Industry: REIT - Diversified
MacKenzie Realty Capital, Inc.
NASDAQ:MKZRReal Estate · REIT - Diversified
-1.75%$1.12
AH Close$1.12+0.00%vs close
AH Close$1.12+0.00%vs close
Mkt Cap$3.11M
Float1.67M
O/S2.77M
Inst Own7.6%
SI0.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$19.88M
Net Income-$17.54M
Total Assets$235.29M
Free Cash Flow-$3.31M
Debt & Equity
Debt 77%
Equity 23%
Preferred 0%
Total Debt$149.3M
Total Equity$43.78M
Preferred Stock$73
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:10
Nasdaq bars a compliance period at 1:250
- 1:10Reverse splitAug 5, 202510 shares → 1
Balance Sheet Details
Assets$235.29M
Liabilities$156.06M
Accounts Receivable$2.87M
Accounts Payable$3.36M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$10.93M
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
| Revenue | $19.88M | $22.06M | $15.74M | $15.11M | $10.37M | $5.98M | $8.73M | $11.88M |
| YoY Growth | -9.9% | 40.2% | 4.2% | 45.7% | 73.4% | -31.5% | -26.5% | - |
| Cost of Revenue | $29.52M | $10.84M | $9.75M | $12.03M | $8.88M | $8.13M | $3.14M | $4.7M |
| Gross Profit | -$9.64M | $11.22M | $5.99M | $3.07M | $1.49M | $5.98M | $5.59M | $7.18M |
| Gross Margin | -48.5% | 50.9% | 38.1% | 20.3% | 14.3% | 100.0% | 64.1% | 60.4% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.34M | $5.22M | $2.56M | $2.36M | $1.96M | $1.65M | $1.08M | $907K |
| Other | -$8.76M | $11.44M | $13.34M | $20.59M | $16.13M | $7.78M | $1.05M | $638K |
| Total Operating Expenses | -$6.43M | $16.66M | $15.91M | $22.95M | $18.09M | $9.43M | $2.12M | $1.54M |
| Operating Income (EBIT) | -$3.22M | -$5.44M | -$9.92M | -$19.87M | -$16.61M | -$393K | $3.47M | $5.63M |
| Operating Margin | -16.2% | -24.6% | -63.0% | -131.5% | -160.2% | -6.6% | 39.7% | 47.4% |
| Interest Expense | $9.92M | $8.52M | $6.12M | $7.1M | $2.35M | $638K | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$10.91M | -$18.53M | -$1.31M | $16.18M | $20.89M | -$5.96M | -$15.19M | -$2.76M |
| Income Before Tax (EBT) | -$14.13M | -$23.97M | -$11.22M | -$3.69M | $4.28M | -$9.42M | -$11.73M | $2.87M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$13K |
| Net Income | -$17.54M | -$25.92M | -$12.08M | -$4.1M | $4.56M | $264K | -$11.73M | $2.89M |
| Net Income Margin | -88.2% | -117.5% | -76.8% | -27.1% | 44.0% | 4.4% | -134.3% | 24.3% |
| Supplementary Data | ||||||||
| EPS | -9.54 | -18.66 | -9.95 | -3.60 | 3.40 | 0.20 | -8.80 | 2.20 |
| Diluted EPS | -9.54 | -18.66 | -9.95 | -3.60 | 3.40 | 0.20 | -8.80 | 2.20 |
| Weighted Average OS | 2.00M | 1.47M | 1.33M | 1.33M | 1.33M | 1.33M | 1.33M | 1.33M |
| EBITDA | $4.8M | -$4.01M | $2.05M | $8.68M | $11.18M | $3.08M | $3.47M | $5.63M |
| EBITDA Margin | 24.2% | -18.2% | 13.1% | 57.5% | 107.8% | 51.5% | 39.7% | 47.4% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $3.52M | $3.79M | $11.85M | $17.24M | $7.4M | $4.83M | $8.96M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3.52M | $3.79M | $11.85M | $17.24M | $7.4M | $4.83M | $8.96M |
| Accounts Receivable | $2.87M | $2.27M | $1.42M | $1.21M | $1.5M | $1.99M | $1.09M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$2.67M | $328K | $1.22M | $898K | $18.58M | $2.92M | $0 |
| Total Current Assets | $3.72M | $6.39M | $14.49M | $19.45M | $27.48M | $9.74M | $10.04M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $10.93M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $217.59M | $3.87M | $6.04M | $22.15M | $57.59M | $70.51M | $93.71M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $3.05M | $225.73M | $212.55M | $171.56M | $97.49M | $58.3M | $417K |
| Total Long-Term Assets | $231.57M | $229.6M | $218.59M | $193.71M | $155.08M | $128.81M | $94.12M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $235.29M | $235.99M | $233.09M | $213.16M | $182.56M | $138.55M | $104.17M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $3.36M | $4.56M | $2.43M | $1.39M | $2.94M | $918K | $135K |
| Short-Term Debt | $447K | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$8.04M | $0 | $0 | $0 | $745K | $0 | $0 |
| Total Current Liabilities | $447K | $5.45M | $4.91M | $4.01M | $5.67M | $920K | $853K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $145.73M | $132.43M | $115.32M | $92.9M | $68.37M | $38.69M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $6.77M | $1.61M | $1.73M | $3.2M | $3.24M | $738K | $88K |
| Total Long-Term Liabilities | $156.06M | $137.01M | $120.23M | $98.14M | $72.68M | $40.27M | $88K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $156.06M | $142.45M | $125.14M | $102.15M | $78.34M | $41.19M | $941K |
| Stockholders' Equity | |||||||
| Preferred Stock | $73 | $89 | $81 | $67 | $12 | $0 | $0 |
| Common Stock | $251 | $158 | $1K | $1K | $1K | $1K | $1K |
| Retained Earnings | -$104.3M | -$85.19M | -$54.72M | -$34.86M | -$24.11M | -$23.3M | -$13.23M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $148.07M | $145.05M | $137.07M | $133.76M | $121.96M | $120.41M | $116.46M |
| Total Equity | $43.78M | $59.86M | $82.36M | $98.91M | $97.85M | $97.11M | $103.23M |
| Minority Interest | $35.45M | $33.68M | $25.59M | $12.1M | $6.37M | $252K | $0 |
| Total Liabilities and Equity | $199.84M | $202.31M | $207.5M | $201.05M | $176.2M | $138.3M | $104.17M |
| Supplementary Data | |||||||
| Total Debt | $149.3M | $135.39M | $118.5M | $94.94M | $69.43M | $39.53M | $0 |
| Net Debt | $145.78M | $131.6M | $106.64M | $77.7M | $62.03M | $34.7M | -$8.96M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 | 2019-06-30 |
| Operating Activities | ||||||||
| Net Income | -$14.13M | -$23.97M | -$11.22M | -$4.1M | $4.28M | $264K | -$11.73M | $2.89M |
| Depreciation & Amortization | $9.01M | $11.43M | $7.15M | $5.27M | $4.54M | $2.19M | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $37K | $628K | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $0 | -$890K | $85K | $1.42M | $15K | -$253K | $2.08M | $2.71M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$1.09M | $144K | $743K | -$1.95M | $2.35M | $340K | -$80K | $199K |
| Other Working Capital | $1.28M | $202K | -$466K | -$1.92M | $436K | $151K | -$1.71M | $799K |
| Total Working Capital Change | $188K | -$544K | $362K | -$2.45M | $2.81M | $239K | $297K | $3.71M |
| Other Non-Cash Items | $1.58M | $10.76M | $3.11M | -$5.35M | -$7.01M | -$1.73M | $9.7M | -$28.81M |
| Net Cash from Operating | -$3.31M | -$1.69M | -$596K | -$6.62M | $4.62M | $971K | -$1.73M | -$22.22M |
| Investing Activities | ||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $1K | $1.07M | $0 | $0 | $0 |
| Purchases of Investments | -$3.7M | -$1.18M | -$11.3M | -$1.72M | -$88.11M | -$37.93M | $0 | $0 |
| Sales of Investments | $3.71M | $963K | $10.56M | $15.24M | $33.69M | $10.71M | $0 | $0 |
| Other Investing Activities | -$9.15M | -$18.9M | -$565K | $1.8M | $21.18M | $6M | $0 | $0 |
| Net Cash from Investing | -$9.14M | -$19.12M | -$1.3M | $15.31M | -$32.16M | -$21.22M | $0 | $0 |
| Financing Activities | ||||||||
| Debt Repaid | -$10.36M | -$11.78M | -$1.68M | $5.67M | -$30.49M | -$14.72M | - | - |
| Common Stock Issuance | $3.18M | $4.39M | $0 | $0 | $0 | $0 | $19.51M | $23.24M |
| Common Stock Repurchases | -$2K | -$6K | -$1.48M | -$1.62M | -$1.43M | -$409K | -$3.19M | -$2.37M |
| Dividends Paid | $0 | -$4.8M | -$5.18M | -$3.85M | -$2.82M | -$461K | -$4.53M | -$3.79M |
| Other Financing Activities | -$2.04M | -$392K | -$663K | -$1.2M | -$398K | $0 | -$2.38M | -$2.02M |
| Net Cash from Financing | $12.14M | $11.85M | -$3.17M | $451K | $28.79M | $13.85M | $9.41M | $15.06M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$308K | -$8.96M | -$5.06M | $9.14M | $1.24M | -$1.2M | $7.68M | -$7.16M |
| Supplementary Data | ||||||||
| Operating Cash Flow | -$3.31M | -$1.69M | -$596K | -$6.62M | $4.62M | $971K | -$1.73M | -$22.22M |
| Capital Expenditure | $0 | $0 | $0 | -$4 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$3.31M | -$1.69M | -$596K | -$6.62M | $4.62M | $971K | -$1.73M | -$22.22M |
| Cash at Beginning | $4.12M | $13.08M | $18.14M | $9M | $7.75M | $8.96M | $1.28M | $8.44M |
| Cash at End | $3.81M | $4.12M | $13.08M | $18.14M | $9M | $7.75M | $8.96M | $1.28M |