MKZR

ORINDA, Calif., May 15, 2026 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) today announced its financial results for the fiscal quarter ended March 31, 2026, and announced its Aurora at Green Valley is now stabilized and over 90% leased. Key Financial Highlights: Operating Results for the Quarter Ended March 31, 2026: Net revenues for quarter ended March 31, 2026, were $5.4 million, an increase of 27% from $4.3 million in the same period of 2025. Net operating loss was $2.5 million, as compared to a net operating loss of $5.8 million in the same period of 2025. Net loss was $0.99 million, compared to a $6.1 million loss in the same period of 2025. The Company had a positive $308,040 of funds from operations (“FFO”) for the quarter compared to negative $3.2 million in the same period of 2025. The net loss of $0.99 million was offset by $2.1 million in depreciation expense, and $0.8 million of unrealized gains from investments. Further, adding back straight-line rent adjustments, amortization of below market lease rent, amortization of loan fees, and mark-to-market debt adjustments, the adjusted FFO (“AFFO”) was a positive $537,514 for the fiscal quarter compared to negative $2.3 million for the same period in 2025. Aurora at Green Valley is now stabilized and over 90% leased. As reported on March 6, 2026, the Company borrowed $1 million from Streeterville Capital (“Streeterville”) to purchase 219,959.104 shares of CNL Healthcare Properties, Inc. for $1,000,814 in advance of a merger with Sonida Senior Living (“SNDA”). The merger closed on schedule and we received a total of $1,563,864 in cash and shares which we sold for a profit of $523,458. We paid down the loan to Streeterville. Robert Dixon, CEO and President of MacKenzie Realty Capital, stated, “The quarterly results were in line with our internal expectations, and we are pleased with return to FFO profitability. We remain focused on successfully executing our growth initiatives while maintaining financial discipline which we believe will deliver sustained value creation over the long term.” “We are particularly pleased that our revenues continue to grow and that we have returned to FFO and AFFO profitability” concluded Mr. Dixon. Non-GAAP Financial Measures Reconciliations, definitions and important discussions regarding the usefulness and limitations o...

ORINDA, Calif., Nov. 18, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) today announced its financial results for the first quarter ended September 30, 2025 and announced its Aurora at Green Valley is now over 50% leased. Key Financial Highlights: Operating Results for the Quarter Ended September 30, 2025: Net revenues for quarter ended September 30, 2025, were $4.54 million, a decrease of 8.3% from $4.95 million in the same period of 2024. Net operating loss was $3.49 million, as compared to a net operating loss of $7.4 million in the same period of 2024, a decrease of 53%. Net loss was $3.05 million, compared to a $7.41 million loss in the same period of 2024. The Company had negative $1.93 million of funds from operations (“FFO”) for the quarter compared to negative $0.58 million in the same period of 2024. The net loss of $3.05 million was adjusted for $2.2 million in depreciation expense and $1.08 million of unrealized gain from investments. Further, adding back straight line rent adjustments, amortization of below market lease rent, amortization of loan fees, and unusual or one-time transactions such as marketing share issuances related to our listing, the adjusted FFO (“AFFO”) would be negative $1.72 million for the quarter compared to negative $0.47 million for the same period in 2024. Construction at Aurora at Green Valley is now complete. The clubhouse and the three residential buildings have been completed with certificates of occupancy issued, and leasing activity has been robust, with the buildings now over 50% leased. Robert Dixon, CEO and President of MacKenzie Realty Capital, stated, “The quarterly results were in line with our internal expectations, and we are pleased with the trajectory toward FFO profitability next year. While compared to the same period last year, the results do not show improvement, there is improvement compared to the last quarter, supporting our contention that we are on the right track. We remain focused on successfully executing our growth initiatives while maintaining financial discipline which we believe will deliver sustained value creation over the long term.” Non-GAAP Financial Measures Reconciliations, definitions and important discussions regarding the usefulness and limitations of the Non-GAAP Financial Measures used in this release can be found below. Ab...

ORINDA, Calif., Sept. 30, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) today announced its financial results for the year ended June 30, 2025 and announced its Aurora at Green Valley has been completed and is now 31% leased. Key Financial Highlights: Operating Results for the Year Ended June 30, 2025: Net revenues for year ended June 30, 2025, were $22.06 million, an increase of 40% from $15.74 million in the same period of 2024. Net operating loss was $23.46 million, as compared to a net operating loss of $9.92 million in the same period of 2024. Net loss was $23.97 million, compared to a $11.22 million loss in the same period of 2024. The Company had negative $2.32 million of funds from operations (“FFO”) for the year compared to negative $4.93 million in the same period of 2024, 53% better. The net loss of $23.97 million was offset by $11.43 million in depreciation expense, $9.5 million in impairment losses, and $0.72 million of unrealized losses from investments. Further, adding back straight line rent adjustments, amortization of below market lease rent, amortization of loan fees, mark-to-market debt adjustments, and unusual or one-time transactions such as consulting and marketing fees and share issuances related to our listing, the adjusted FFO (“AFFO”) would be negative $0.69 million for the fiscal year compared to negative $4.25 million for the same period in 2024, 84% better. Construction at Aurora at Green Valley is now complete. The clubhouse and the three residential buildings have been completed with certificates of occupancy issued, and leasing activity has been robust, with the buildings now 31% leased. Robert Dixon, CEO and President of MacKenzie Realty Capital, stated, “The annual results were in line with our internal expectations, and we are pleased with the trajectory toward FFO profitability. We remain focused on successfully executing our growth initiatives while maintaining financial discipline which we believe will deliver sustained value creation over the long term.” “We are particularly pleased that our revenues continue to grow, our negative FFO has been reduced by more than half, and our negative AFFO has been reduced by 84%,” concluded Mr. Dixon. Non-GAAP Financial Measures Reconciliations, definitions and important discussions regarding the usefulness and limitations of t...

ORINDA, Calif., May 19, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) today announced its financial results for the third quarter ended March 31, 2025 and announced that its Board Of Directors is suspending the company’s cash dividend payable to common stockholders. Key Financial Highlights: Operating Results for the Three Months Ended March 31, 2025: Net revenues for three months ended March 31, 2025, were $4.3 million, an increase of 5% from $4.1 million in the same period of 2024. Net operating loss was $5.8 million, as compared to a net operating loss of $2.7 million in the same period of 2024. Net loss was $6.1 million, compared to a $2.9 million loss in the same period of 2024. The Company had negative $3.1 million of funds from operations (“FFO”) for the quarter. The net loss of $6.09 million was offset by $2.63 million in depreciation expense and $0.36 million of unrealized losses from investments and straight-line rent adjustments. Paid a common stock quarterly dividend in the amount of $0.05 per share for the period ended March 31, 2025. Refinanced Hillview Hollywood property into a permanent 5-year loan, while paying debt down by over $5.8 million since completion of the renovation, further focusing on debt reduction and stabilization. The loan closed on March 28, 2025, so the interest savings will start impacting cash flows in the current quarter. Aurora at Green Valley construction is progressing on schedule and on budget. The clubhouse is scheduled to open in mid-June 2025 for pre-leasing activities. The first of the three residential buildings is scheduled to be completed with certificate of occupancy issued by mid to late July 2025, with each of the remaining two residential buildings scheduled to open shortly thereafter. Paid down $5 million on the outstanding principal balance on Main Street West property loan and entered into a forbearance agreement with the lender. The Board Of Directors is suspending the company’s cash dividend historically paid to stockholders of common stock on a quarterly basis, as management continues to evaluate and refine its capital allocation policy consistent with the company’s broader long-term efforts. This change in capital allocation is aimed at strengthening MacKenzie’s balance sheet by reducing debt over time and improving free cash flow. Robert Dixon...