MacKenzie Realty Capital(NASDAQ) MKZR

MacKenzie Realty Capital owns and manages office buildings and apartment complexes. It provides spaces for businesses to operate and people to live. The company also invests in real estate securities, supporting property development and management.

What’s in the Portfolio? (Products and Services)

• Commercial Properties: Office buildings and medical centers, generating $2.81 million out of $4.27 million in rental and reimbursement revenues for the three months ended March 31, 2025, serving business tenants.
• Residential Properties: Apartment buildings, generating $1.46 million out of $4.27 million in rental and reimbursement revenues for the three months ended March 31, 2025, providing housing for individuals and families.
• Real Estate Securities: Investments in non-traded real estate funds and partnerships, less than 20% of assets.
• Property Management: Leasing and maintenance services for owned properties, supporting tenant needs.
• Development Projects: Construction of new apartment communities, expanding housing supply in local markets.

Growth Moves: The Expansion Playbook

• Acquired Green Valley Medical Center in August 2024, expanding healthcare property holdings.
• Launched construction of Aurora at Green Valley (72 apartments) in September 2024.
• Secured a $17.15 million construction loan for the Aurora project in February 2024.
• Raised $4.8 million in February 2025 through direct equity and private placements.
• Expanded preferred stock offerings (Series A and B) to diversify capital sources in 2025.

Why MacKenzie? (What Makes the Company Special)

MacKenzie uses an external management model, relying on specialized real estate expertise. Its portfolio blends office, medical, and residential properties, mainly in California and Georgia. The company focuses on value-add acquisitions and new development projects to adapt to changing market needs.

Five Things You Need to Know

• Revenue was $5 million in Q4 2025, up 5.4% from Q4 2024.
• Net loss was $-2 million in Q4 2025, down 224.8% year-over-year.
• Cash and cash equivalents were $5.14 million as of March 31, 2025.
• Commercial properties generated 74% of rental revenue in the nine months to March 2025.

Bottom Line

MacKenzie has grown by diversifying its property types and expanding development projects. The company faces challenges from office vacancies and higher costs but continues to adapt its strategy.