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:MKZR Real Estate · REIT - Diversified
AH Close $1.12 +0.00% vs close
AH Close $1.12 +0.00% vs close
All Press Release SEC Filings News
News
MKZR Stock Dips Post FY26 Earnings Despite Narrowed Loss, Revenues Fall
zacks.com • 20d ago SEC Filing ⚠ 4
MKZR: DEF 14A · proxy statement
MacKenzie Realty Capital (MKZR) filed its DEF 14A for the 2026 annual meeting on November 16, 2026. Stockholders will vote on the re-election of four directors (Dozois, Frame, Hatch, Patterson) and ratification of Baker Tilly US, LLP as auditor for fiscal 2027; the Board recommends FOR both proposals.
The most notable disclosure is a beneficial-ownership dispute: the Company states Armistice Capital, LLC is deemed to own 9.8% (271,919 shares) including warrant shares, but Armistice's November 2025 Schedule 13G/A reported only 92,924 shares (4.99%), and Armistice declined to correct what the Company calls an apparent error or continue 13G filings as a >5% holder.
The proxy also details a revised external management fee structure effective January 1, 2026 (1.25% of AUM base fee plus 5% of AFFO quarterly bonus fee) and a $10 million affiliate line of credit at 10% interest with a 2% origination fee per draw, extended through December 31, 2027 — items investors in this externally-managed micro-cap REIT may want to scrutinize for related-party terms.
SEC DEF 14A • 24d ago SEC Filing ⚠ 4
MKZR: 8-K · dividend
MacKenzie Realty Capital (MKZR) will pay its October preferred dividends entirely in cash across Series A, B, and C shares, including to DRIP enrollees, because the Dividend Reinvestment Program has been temporarily suspended this quarter.
The Board also approved regular Q4 2026 preferred dividends, payable in January 2027: $0.375 per share quarterly for Series A (6% annualized), $0.0625 monthly cash plus accrued return for Series B, and $0.1875 monthly for Series C.
The DRIP suspension follows the previously announced pause of the preferred share repurchase program, which the company says was causing selling pressure on its common stock and complicating strategic-alternative negotiations being run by financial advisor Maxim Group. There is no assurance any strategic transaction will result.
SEC 8-K • 24d ago News
Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Sees Large Drop in Short Interest
defenseworld.net • 24d ago Press Release ⚠ 4
MacKenzie Realty Capital Reports FY 2026 Financial Results and Announces Suspension of Preferred Share Repurchase Program while Exploring Strategic Transactions
MacKenzie Realty Capital reported FY2026 net revenues of $20.01 million, down 9% from $22.06 million, primarily due to lapping roughly $3.0 million of lease termination income in the prior year.
The loss picture improved: net operating loss narrowed 33% to $15.61 million and net loss fell 41% to $14.13 million, which management said was in line with internal expectations.
The Board temporarily suspended the Preferred Share Repurchase Program to facilitate a strategic review led by financial advisor Maxim Group LLC, exploring options including reverse takeovers.
The suspension is partly a response to selling pressure from issuing common stock in exchange for preferred shares; no assurance was given that any strategic transaction will result.
• 26d ago AI analysis › SEC Filing ⚠ 8
MKZR: 10-K · periodic report
MacKenzie Realty Capital filed its FY2026 (June 30) annual report as a Nasdaq-listed, externally managed REIT with roughly 2.77 million common shares outstanding and only about $7.2 million in non-affiliate market value as of year-end 2025.
The company declared no common stock dividends in FY2026, citing negative cash flow, while continuing preferred dividends; it also effected a 1-for-10 reverse split on August 4, 2025, raising shares from 16.76 million to about 1.68 million post-split.
The filing discloses a January 1, 2026 reorganization separating multi-family assets into a new subsidiary (MAC, valued at $18.10/share by its board) and an amended advisory fee structure with affiliates: a 1.25% gross-AUM base fee plus a 5% quarterly AFFO bonus fee.
Key risks flagged include Nasdaq continued-listing compliance, disputed dividend claims on 423,945 unfunded warrants held by a single investor, and up to roughly $865,000 of potential rescission liability from a 2021 deficient Form N-2 offering.
SEC 10-K • 28d ago AI analysis › News
Reviewing Orion Office REIT (NYSE:ONL) and Mackenzie Realty Capital (NASDAQ:MKZR)
defenseworld.net • 1mo ago News
Critical Contrast: Office Properties Income Trust (NASDAQ:OPI) & Mackenzie Realty Capital (NASDAQ:MKZR)
defenseworld.net • 2mo ago News
Zacks Initiates Coverage of MacKenzie With Neutral Recommendation
zacks.com • 2mo ago Press Release ⚠ 1
MacKenzie Realty Capital completes successful tender offer; MacKenzie Apartment Communities declares first dividend
MacKenzie Realty Capital expanded its tender offer for National Healthcare Properties (NHP) to 300,000 shares after purchasing 140,000 shares at $7.27 each, financed by a new loan from Streeterville Capital.
The NHP position represents an unrealized gain of over $1.2 million based on the public market price of $16.08, contributing to the company's first quarterly FFO profitability in several years.
Additionally, the Aurora at Green Valley development reached 100% leasing with NOI ahead of projections, and subsidiary MacKenzie Apartment Communities declared its first dividend of $0.045 per share.
• 2mo ago AI analysis › SEC Filing
MKZR: 8-K · dividend
MacKenzie Realty Capital declared quarterly dividends for its Series A, Series B, and Series C preferred shares with a record date of June 30, 2026.
Series A dividends range from $0.125 to $0.375 per share based on investor acceptance dates, while Series B dividends feature a 12% preferred return split between cash and accrued amounts.
The Board approved future monthly dividends for the third quarter, with Series C shareholders set to receive $0.1875 per month payable in October 2026.
SEC 8-K • 3mo ago SEC Filing ⚠ 3
MKZR: 8-K/A · earnings release
MacKenzie Realty Capital (MKZR) reported third-quarter 2026 results showing a significant turnaround, with net revenues rising 27% to $5.4 million and net loss shrinking 84% to $1.0 million compared to the prior year period.
The company returned to profitability on a non-GAAP basis, reporting positive Funds from Operations (FFO) of $308,040 and Adjusted FFO (AFFO) of $537,514, reversing previous deficits of $3.2 million and $2.3 million respectively.
Operationally, the Aurora at Green Valley development is now stabilized with over 90% occupancy, and the company realized a $521,718 profit from a recent merger transaction involving Sonida Senior Living (SNDA) and CNL Healthcare Properties.
SEC 8-K/A • 5mo ago Press Release ⚠ 3
MacKenzie Realty Capital Reports Third Quarter 2026 Financial Results and Stabilization of Development
MacKenzie Realty Capital reported Q1 2026 revenue of $5.4 million, a 27% increase year-over-year, driven by the stabilization of its Aurora at Green Valley development which is now over 90% leased.
The company returned to profitability on a non-GAAP basis, reporting positive FFO of $308,040 and AFFO of $537,514, compared to negative figures of $3.2 million and $2.3 million respectively in the prior year period.
GAAP net loss narrowed significantly to $0.99 million from $6.1 million a year ago, aided by a $523,458 profit from the sale of shares received in the CNL Healthcare/Sonida Senior Living merger.
• 5mo ago AI analysis › SEC Filing ⚠ 4
MKZR: 10-Q · periodic report
MacKenzie Realty Capital, Inc. (MKZR) reported a net loss of $8.5 million for the nine months ended March 31, 2026, compared to a net loss of $18.0 million in the prior year period. Revenue declined 15.5% year-over-year to $14.6 million, driven by lower rental income and the absence of a $9.5 million impairment loss recorded in the prior year.
The company ended the period with total assets of $239.4 million and total liabilities of $154.2 million, resulting in total equity of $85.3 million. Cash and cash equivalents stood at $4.0 million. The balance sheet reflects a 1-for-10 reverse stock split that was effective in August 2025, with all share counts and per-share data retroactively adjusted.
Management continues to raise capital through multiple channels, including a Regulation A offering for preferred stock and an at-the-market (ATM) equity distribution agreement with Maxim Group. During the quarter, the company issued Series A, B, and C preferred stock and common stock, while also refinancing several mortgage notes to extend maturities and manage debt obligations.
SEC 10-Q • 5mo ago AI analysis › News
Robert Dixon Acquires 10,000 Shares of Mackenzie Realty Capital (NASDAQ:MKZR) Stock
defenseworld.net • 6mo ago Recent SEC filings with analysis 
