MacKenzie Realty Capital, Inc. MKZR
MacKenzie Realty Capital, Inc. (the "Parent Company" together with its subsidiaries as discussed below, collectively, the "Company," "we," "us," or "our") was incorporated under the general
corporation laws of the State of Maryland on January 27, 2012. We have elected to be treated as a real estate investment trust ("REIT") as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). We are
operations on February 28, 2013, and our fiscal year-end is June 30.
We are registered under Section 12(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), and we will continue to file periodic reports on Form 10-K, Form 10-Q, and Form 8-K, as well as
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.1M | $15.7M | $15.1M | $10.4M | — | — | — | — | — |
| SG&A | $2.6M | $1.1M | $913.3K | $560.5K | — | — | — | — | — |
| Total operating expenses | $45.5M | $25.7M | $35.0M | $27.0M | — | $5.3M | $6.2M | — | — |
| Operating income | -$23.5M | -$9.9M | -$19.9M | -$16.6M | — | — | — | — | — |
| Interest expense | — | — | $7.1M | $2.4M | — | — | — | — | — |
| Pre-tax income | — | — | — | — | — | $3.5M | $5.6M | — | — |
| Income tax | — | — | — | — | — | $0 | $13.3K | — | — |
| Net income | -$24.0M | -$11.2M | -$3.7M | $4.3M | — | -$11.7M | $2.9M | — | — |
| EPS, basic | -18.66 | -9.95 | -0.36 | 0.34 | — | -0.96 | 0.29 | — | — |
| EPS, diluted | -18.66 | -9.95 | -0.36 | 0.34 | — | -0.96 | 0.29 | — | — |
| Shares, diluted (wtd. avg.) | $1.5M | $1.3M | $13.3M | $13.3M | — | $12.2M | $10.0M | $7.4M | $5.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.8M | $11.9M | $18.1M | $9.0M | $7.8M | $12.5M | $1.3M | $8.4M | — |
| Other intangibles | $4.5M | $6.6M | $5.6M | $2.3M | $4.1M | — | — | — | — |
| Total assets | $236.0M | $233.1M | $213.2M | $182.6M | $138.6M | $104.2M | — | — | — |
| Long-term debt | $135.3M | $117.3M | $14.0M | $19.6M | $23.6M | — | — | — | — |
| Total liabilities | $142.5M | $125.1M | $102.1M | $78.3M | $41.2M | $941.0K | — | — | — |
| Retained earnings | -$85.2M | -$54.7M | -$34.9M | -$24.1M | -$23.3M | — | — | — | — |
| Total equity | $59.9M | $82.4M | $111.0M | $104.2M | $97.4M | $97.8M | — | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.7M | -$595.5K | -$6.6M | $4.6M | — | -$1.7M | -$22.2M | — | — |
| Depreciation and amortisation | $11.4M | $7.2M | $5.3M | $4.5M | — | — | — | — | — |
| Stock-based compensation | $665.5K | $0 | — | — | — | — | — | — | — |
| Investing cash flow | -$19.1M | -$1.3M | $15.3M | -$32.2M | — | — | — | — | — |
| Financing cash flow | $11.8M | -$3.2M | $451.0K | $28.8M | — | $9.4M | $15.1M | — | — |
| Dividends paid | $4.8M | $5.2M | $3.8M | $2.8M | — | $4.5M | $3.8M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-25-036540.
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