MKZRNasdaqReal Estate Investment TrustsUS GAAP · USD

MacKenzie Realty Capital, Inc.

MacKenzie Realty Capital, Inc. is a U.S.-based REIT that invests primarily in real estate assets and, to a lesser extent, in securities of real estate-related companies. The portfolio is managed by affiliated advisers and is built around opportunistic, value-add, and invest-to-own transactions, with income coming from rents, investment income, and related fees.

Kysy yhtiöstä
Liikevaihto20,0milj. USD
−9,3 %v/v
Liikevoitto (EBIT)−15,6milj. USD
+33,5 %v/v
EBIT-marginaali−78,0%
+28,3 %-yks.v/v
Nettotulos−14,1milj. USD
+41,1 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−30−20−100102030milj. USD2021: EBIT −3,5 milj. USD20212022: 10 milj. USD2022: EBIT −7,5 milj. USD20222023: 15 milj. USD2023: EBIT −20 milj. USD20232024: 16 milj. USD2024: EBIT −9,9 milj. USD20242025: 22 milj. USD2025: EBIT −23 milj. USD20252026: 20 milj. USD2026: EBIT −16 milj. USD202620−16
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: MacKenzie Realty Capital, Inc.

Liiketoiminta

Osuus liikevaihdosta
Owned real estate assets55 %

Office, retail, apartment and other income-producing properties held for rent and appreciation.

Real estate securities20 %

Equity and debt securities of U.S. real estate companies, including non-traded REITs.

Rental and property income20 %

Lease revenue, reimbursements and other income generated from tenant occupancy.

Fees and investment income5 %

Interest, dividends and transaction-related fees from investments and securities.

Asiakkaat

The company does not sell to end consumers in the usual sense; its economic counterparties are tenants, real estate sponsors, and issuers of real estate-related securities. Tenant demand comes from small and mid-sized businesses leasing office and retail space, while capital is deployed into properties and securities that management believes are mispriced or undercapitalized.

Commercial tenants

Businesses leasing office and retail space, such as wine wholesalers, restaurants and local service firms, to generate recurring rent.

Multifamily tenants

Residents leasing apartment units in the multifamily portfolio, supporting stable occupancy and rental cash flow.

Real estate sponsors and operators

Owners and developers that receive capital through direct property acquisitions, mezzanine loans or convertible preferred structures.

Real estate securities issuers

Non-traded REITs, small-cap REITs and other real estate entities whose securities are purchased at discounts to NAV.

Strategia

MacKenzie is focused on buying real estate and real estate-related securities at discounts to estimated value, then creating upside through repositioning, development or capital structure solutions. Management also uses niche securities strategies, including tender offers for non-traded REIT shares, to support cash flow and distributions.

Acquire discounted real estate assetsLyhyt aikaväli

Buying below value is the core source of upside and income generation.

Reposition and improve existing propertiesKeskipitkä aikaväli

Renovation, redevelopment and lease-up can lift rents and asset value.

Use real estate securities to enhance cash flowKeskipitkä aikaväli

Securities purchases and tender offers can supplement distributions and liquidity.

Maantiede

Q3/2025

The business is overwhelmingly U.S.-focused, with properties and securities tied to domestic real estate markets. The filings specifically mention California and New York-related structures, and the company’s exposure is driven more by local property fundamentals than by international diversification.

USA100 %

Riskit

The company is exposed to property-level vacancy, lease rollover and valuation risk because its cash flow depends on occupancy and market rents. It also faces execution and governance risk from external management, plus securities-law and cyber risks highlighted in the filings.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Office market weakness and vacancy1Property valuation and refinancing risk2Rescission claims from dividend reinvestment program sales3External management and advisory fees4Cybersecurity and data exposure5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Office market weakness and vacancyVaikutus: KorkeaTodennäköisyys: Korkea

    A large part of the portfolio is tied to office properties, which the company says the market discounts because of widespread vacancies.

    Kohdistuu: Office assets and lease renewals

  2. Property valuation and refinancing riskVaikutus: KorkeaTodennäköisyys: Korkea

    Returns depend on buying below value and later realizing appreciation; higher rates or weaker cap rates can reduce NAV and financing flexibility.

    Kohdistuu: Value-add and distressed assets

  3. Rescission claims from dividend reinvestment program salesVaikutus: KorkeaTodennäköisyys: Matala

    The company disclosed a possible securities-law defect in prior DRIP issuances that could lead to repurchase obligations.

    Kohdistuu: Potential investor claims and statutory interest

  4. External management and advisory feesVaikutus: KeskitasoTodennäköisyys: Matala

    The company is externally managed by affiliates, so fees and related-party arrangements affect costs and incentives.

    Kohdistuu: Operating expenses and capital allocation

  5. Cybersecurity and data exposureVaikutus: KeskitasoTodennäköisyys: Matala

    Tenant, adviser and internal systems are increasingly technology-dependent, raising operational and privacy risk.

    Kohdistuu: Operations and tenant relationships

Kysy Clarifolta: MacKenzie Realty Capital, Inc.

Kirjanpito

Harkinnanvaraiset erät
Straight-line rental revenue recognition

Lease income is recognized over time rather than when cash is received, affecting timing of reported revenue and deferred rent balances.

Vaikutus: Can create differences between cash collections and reported rental income

Lease incentives and tenant improvements

Accounting treatment determines whether costs reduce revenue or are capitalized and amortized.

Vaikutus: Affects rental revenue, deferred rent receivable and property economics

Fair value measurement of investments

Real estate securities and other investments may be marked to market or valued using estimates.

Vaikutus: Can materially affect unrealized gains/losses and NAV

Use of estimates and valuation judgments

Property values, impairment, and expected cash flows depend on management assumptions.

Vaikutus: Can change reported asset values and earnings volatility

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026

MacKenzie Realty Capital, Inc. (MKZR) liikevaihto, tulos ja tunnusluvut 2026 – Clarifo