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MacKenzie Realty Capital, Inc. (MKZR) 10-Year Financial Performance & Capital Metrics

MKZR • • REIT / Real Estate
Real EstateDiversified REITsMulti-Property Diversified REITsRegional Diversified Property Owners
AboutMacKenzie 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 authorized to issue 100,000,000 shares, of which (i) 80,000,000 are designated as common stock, with a $0.0001 par value per share; and (ii) 20,000,000 are designated as preferred stock, with a $0.0001 par value per share. We commenced our operations on February 28, 2013, and our fiscal year-end is June 30.Show more
  • Revenue $22M +40.2%
  • FFO -$13M -158.8%
  • FFO/Share -8.70 -134.8%
  • FFO Payout -37.69% +64.2%
  • FFO per Share -8.70 -134.8%
  • NOI Margin 66.52% +74.8%
  • FFO Margin -57.76% -84.6%
  • ROE -23.79% -115.7%
  • ROA -10.22% -88.8%
  • Debt/Assets 58.17% +14.4%
  • Net Debt/EBITDA -
  • Book Value/Share 63.85 -21.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High NOI margin of 66.5%
  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗FFO declining 41.6% TTM
  • ✗Weak momentum: RS Rating 13 (bottom 13%)
  • ✗Shares diluted 10.2% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y20.37%
3Y28.61%
TTM-0.69%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-42.63%

EPS CAGR

10Y-
5Y-
3Y-
TTM-346.08%

ROCE

10Y Avg-8.34%
5Y Avg-10.68%
3Y Avg-14.17%
Latest-27.69%

Peer Comparison

Regional Diversified Property Owners
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MDRRMedalist Diversified REIT, Inc.14.09M12.67521.19-5.23%-21.2%-8.56%6.34%2.38
UEUrban Edge Properties2.35B18.6631.106.73%24.12%8.16%6.52%1.24
AHHArmada Hoffler Properties, Inc.565.08M7.0529.386.19%5.7%3.07%19.82%1.60
ALEXAlexander & Baldwin, Inc.1.51B20.8325.1013.31%33.62%7.25%3.12%0.47
ESRTEmpire State Realty Trust, Inc.1.08B6.4022.863.19%5.81%2.5%24.09%1.39
AATAmerican Assets Trust, Inc.1.14B18.6919.883.78%14.58%5.75%11.98%1.81
MKZRMacKenzie Realty Capital, Inc.8.07M4.36-0.2340.19%-130.46%-24.47%1.47
FVRFrontView REIT, Inc.354.9M16.39-11.1524.14%-4.13%-0.54%5.78%0.54

Profit & Loss

Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Revenue+8.73M4.48M10.37M15.11M15.74M22.06M
Revenue Growth %--0.49%1.31%0.46%0.04%0.4%
Property Operating Expenses3.14M5.94M8.88M12.03M9.75M7.39M
Net Operating Income (NOI)+------
NOI Margin %------
Operating Expenses+2.12M-1.06M18.09M22.95M15.91M38.14M
G&A Expenses1.08M-1.06M1.96M2.36M2.56M4.4M
EBITDA+3.47M1.8M-12.06M-14.6M-2.76M-34.29M
EBITDA Margin %------
Depreciation & Amortization+02.19M4.54M5.27M7.15M11.23M
D&A / Revenue %------
Operating Income+3.47M-393.23K-16.61M-19.87M-9.92M-45.52M
Operating Margin %------
Interest Expense+002.35M7.1M6.12M8.52M
Interest Coverage---7.05x-2.80x-1.62x-5.34x
Non-Operating Income00-23.24M-23.28M-4.82M-40.13M
Pretax Income+-11.73M249.95K4.28M-3.69M-11.22M-23.97M
Pretax Margin %------
Income Tax+000000
Effective Tax Rate %------
Net Income+-11.73M264.16K4.56M-4.1M-12.08M-23.97M
Net Margin %------
Net Income Growth %-1.02%16.28%-1.9%-1.95%-0.98%
Funds From Operations (FFO)+------
FFO Margin %------
FFO Growth %--2.71%-0.87%-5.19%-1.59%
FFO per Share+------
FFO Payout Ratio %------
EPS (Diluted)+-8.800.203.40-3.60-10.00-18.66
EPS Growth %-1.02%16%-2.06%-1.78%-0.87%
EPS (Basic)-8.800.203.40-3.60-10.00-18.66
Diluted Shares Outstanding1.33M1.33M1.33M1.33M1.33M1.47M

Balance Sheet

Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Total Assets+104.17M138.55M182.56M213.16M233.09M235.99M
Asset Growth %-0.33%0.32%0.17%0.09%0.01%
Real Estate & Other Assets+416.79K58.3M97.49M171.56M212.55M212.71M
PP&E (Net)000000
Investment Securities1000K1000K1000K1000K1000K1000K
Total Current Assets+10.04M9.74M27.48M19.45M14.49M6.39M
Cash & Equivalents8.96M4.83M7.4M17.24M11.85M3.79M
Receivables1000K1000K1000K1000K1000K1000K
Other Current Assets02.92M18.58M898.24K1.22M328.24K
Intangible Assets0000013.02M
Total Liabilities941.04K41.19M78.34M102.15M125.14M142.45M
Total Debt+039.53M69.43M94.94M118.5M137.27M
Net Debt-8.96M34.7M62.03M77.7M106.64M131.6M
Long-Term Debt038.69M68.37M92.9M115.32M132.43M
Short-Term Borrowings00000378.74K
Capital Lease Obligations0838.31K1.06M2.04M3.17M2.96M
Total Current Liabilities+853.3K920.39K5.67M4.01M4.91M135.39M
Accounts Payable135.04K918.45K2.94M1.39M2.43M4.56M
Deferred Revenue000000
Other Liabilities87.74K738.18K3.24M3.2M1.73M7.06M
Total Equity+103.23M97.36M104.22M111.01M107.95M93.54M
Equity Growth %--0.06%0.07%0.07%-0.03%-0.13%
Shareholders Equity103.23M97.11M97.85M98.91M82.36M59.86M
Minority Interest0251.84K6.37M12.1M25.59M33.68M
Common Stock1.28K1.33K1.32K1.32K1.33K158
Additional Paid-in Capital116.46M120.41M121.96M133.76M137.07M145.05M
Retained Earnings-13.23M-23.3M-24.11M-34.86M-54.72M-85.19M
Preferred Stock0012678177
Return on Assets (ROA)-0.11%0%0.03%-0.02%-0.05%-0.1%
Return on Equity (ROE)-0.11%0%0.05%-0.04%-0.11%-0.24%
Debt / Assets-0.29%0.38%0.45%0.51%0.58%
Debt / Equity-0.41x0.67x0.86x1.10x1.47x
Net Debt / EBITDA-2.58x19.27x----
Book Value per Share77.5873.0378.3383.4381.2163.85

Cash Flow

Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Cash from Operations+-1.73M970.78K4.62M-6.62M-595.52K-1.69M
Operating CF Growth %-1.56%3.76%-2.43%0.91%-1.84%
Operating CF / Revenue %------
Net Income-11.73M264.16K4.28M-4.1M-11.22M-23.97M
Depreciation & Amortization02.19M4.54M5.2M7.15M11.43M
Stock-Based Compensation00000628.14K
Other Non-Cash Items9.7M-1.73M-7.01M-5.75M3.11M10.76M
Working Capital Changes296.61K238.97K2.81M-2.45M361.66K-544.13K
Cash from Investing+0-21.22M-32.16M2.36M-1.3M-19.12M
Acquisitions (Net)001.07M1.33K2.53M0
Purchase of Investments0-37.93M-24.87M-20.42M-11.3M-1.18M
Sale of Investments01000K1000K1000K1000K962.72K
Other Investing06M-40.99M1.8M-1.5M-18.9M
Cash from Financing+9.41M13.85M28.79M451K-3.17M11.85M
Dividends Paid-4.53M-461.04K-2.82M-4.47M-6.08M-4.8M
Common Dividends-4.53M-461.04K-2.82M-3.85M-5.18M-4.8M
Debt Issuance (Net)01000K1000K-1000K1000K1000K
Share Repurchases-3.19M-408.82K-1.43M-1.62M-1.48M-5.55K
Other Financing-2.38M0-398.17K-1.2M-662.85K930.01K
Net Change in Cash+7.68M01.24M9.14M-5.06M-8.96M
Exchange Rate Effect000000
Cash at Beginning1.28M8.96M7.75M9M18.14M13.08M
Cash at End8.96M7.75M9M18.14M13.08M4.12M
Free Cash Flow+-1.73M970.78K4.62M-6.62M-595.52K-1.69M
FCF Growth %-1.56%3.76%-2.43%0.91%-1.84%
FCF / Revenue %------

Key Ratios

Metric202020212022202320242025
FFO per Share-8.811.846.850.88-3.7-8.7
FFO Payout Ratio-38.62%18.76%31.01%327.16%-105.21%-37.69%
NOI Margin64.06%-32.52%14.35%20.35%38.05%66.52%
Net Debt / EBITDA-2.58x19.27x----
Debt / Assets-28.53%38.03%44.54%50.84%58.17%
Interest Coverage---7.05x-2.80x-1.62x-5.34x
Book Value / Share77.5873.0378.3383.4381.2163.85
Revenue Growth--48.65%131.33%45.69%4.16%40.19%

Revenue by Geography

2025
UNITED STATES22.06M
UNITED STATES Growth-

Frequently Asked Questions

Growth & Financials

MacKenzie Realty Capital, Inc. (MKZR) reported $17.0M in revenue for fiscal year 2025. This represents a 95% increase from $8.7M in 2020.

MacKenzie Realty Capital, Inc. (MKZR) grew revenue by 40.2% over the past year. This is strong growth.

MacKenzie Realty Capital, Inc. (MKZR) reported a net loss of $22.2M for fiscal year 2025.

Dividend & Returns

Yes, MacKenzie Realty Capital, Inc. (MKZR) pays a dividend with a yield of 75.24%. This makes it attractive for income-focused investors.

MacKenzie Realty Capital, Inc. (MKZR) has a return on equity (ROE) of -23.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

MacKenzie Realty Capital, Inc. (MKZR) generated Funds From Operations (FFO) of $-10.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.

MacKenzie Realty Capital, Inc. (MKZR) offers a 75.24% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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