Mackenzie Realty Financials
Mackenzie Realty (MKZR) reported $22.1M in revenue for fiscal year 2025, up 40.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Borrowed capital is supporting a high-asset, low-cash structure, while the portfolio’s income is not yet covering its load.
From FY2024 to FY2025, cash on hand fell from$11.9M to$3.6M even as revenue increased. Financing inflows of$11.8M plus negative operating cash flow still could not offset investing outflows of$19.1M , which means portfolio activity is being funded externally rather than by current earnings.
With total assets near
Interest expense reached
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Mackenzie Realty's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Mackenzie Realty, and counted as zero in the overall score.
Not available for Mackenzie Realty, and counted as zero in the overall score.
Mackenzie Realty passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Mackenzie Realty reported a net loss of $24.0M while operations used $1.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Mackenzie Realty reported an operating loss of $23.5M against $8.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Mackenzie Realty generated $22.1M in revenue in fiscal year 2025. This represents an increase of 40.2% from the prior year.
Mackenzie Realty's EBITDA was -$12.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 335.2% from the prior year.
Mackenzie Realty reported -$24.0M in net income in fiscal year 2025. This represents a decrease of 113.6% from the prior year.
Cash & Balance Sheet
Mackenzie Realty held $3.6M in cash against $135.3M in long-term debt as of fiscal year 2025.
Mackenzie Realty paid $2.25 per share in dividends in fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Mackenzie Realty's ROE was -40.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 26.4 percentage points from the prior year.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
MKZR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Revenue | $19.4M | $22.1M+40.2% | $15.7M+4.2% | $15.1M+45.7% | $10.4M | N/A | N/A |
| SG&A Expenses | $1.8M | $2.6M+143.7% | $1.1M+16.1% | $913K+62.9% | $561K | N/A | N/A |
| Operating Income | -$16.3M | -$23.5M-136.6% | -$9.9M+50.1% | -$19.9M-19.7% | -$16.6M | N/A | N/A |
| Interest Expense | $9.2M | $8.5M+39.2% | $6.1M-13.7% | $7.1M+201.6% | $2.4M | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | $0+100.0% | -$13K |
| Net Income | -$14.5M | -$24.0M-113.6% | -$11.2M-204.0% | -$3.7M-186.3% | $4.3M | -$11.7M-506.4% | $2.9M |
| EPS (Diluted) | — | -$18.66 | -$9.95 | -$0.36-205.9% | $0.34 | -$0.96-431.0% | $0.29 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2021.
MKZR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY20 | FY19 |
|---|---|---|---|---|---|---|
| Total Assets | $236.0M+1.2% | $233.1M+9.3% | $213.2M+16.8% | $182.6M | $104.2M | N/A |
| Cash & Equivalents | $3.6M-69.4% | $11.9M-31.2% | $17.2M+133.0% | $7.4M | $9.0M+600.5% | $1.3M |
| Total Liabilities | $142.5M+13.8% | $125.1M+22.5% | $102.1M+30.4% | $78.3M | $941K | N/A |
| Long-Term Debt | $135.3M+15.4% | $117.3M | N/A | $19.6M | N/A | N/A |
| Total Equity | $59.9M-27.3% | $82.4M-16.7% | $98.9M+1.1% | $97.9M | $103.2M | N/A |
| Retained Earnings | -$85.2M-55.7% | -$54.7M-57.0% | -$34.9M-44.6% | -$24.1M | N/A | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities.
No annual filing on record for: FY2021.
MKZR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.4M | -$1.7M-183.8% | -$596K+91.0% | -$6.6M-243.2% | $4.6M | -$1.7M+92.2% | -$22.2M |
| Investing Cash Flow | -$13.1M | -$19.1M-1371.1% | -$1.3M-108.5% | $15.3M+147.6% | -$32.2M | N/A | N/A |
| Financing Cash Flow | $16.5M | $11.8M+474.0% | -$3.2M-802.5% | $451K-98.4% | $28.8M | $9.4M-37.5% | $15.1M |
| Dividends Paid | $787K | $4.8M-7.3% | $5.2M+34.6% | $3.8M+36.3% | $2.8M | $4.5M+19.4% | $3.8M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2021.
MKZR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY20 | FY19 |
|---|---|---|---|---|---|---|
| Operating Margin | -106.4% | -63.0% | -131.5% | -160.2% | N/A | N/A |
| Net Margin | -108.7% | -71.3%-46.9pp | -24.4%-65.7pp | 41.3% | N/A | N/A |
| Return on Equity | -40.0%-26.4pp | -13.6%-9.9pp | -3.7%-8.1pp | 4.4% | -11.4% | N/A |
| Return on Assets | -10.2%-5.3pp | -4.8%-3.1pp | -1.7%-4.1pp | 2.3% | -11.3% | N/A |
| Debt-to-Equity | 2.26+0.8x | 1.42+0.4x | 1.03+0.8x | 0.20 | 0.01 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
No annual filing on record for: FY2021.
Where Mackenzie Realty Ranks
Frequently Asked Questions
What is Mackenzie Realty's annual revenue?
Mackenzie Realty (MKZR) reported $22.1M in total revenue for fiscal year 2025. This represents a 40.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mackenzie Realty's revenue growing?
Mackenzie Realty (MKZR) revenue grew by 40.2% year-over-year, from $15.7M to $22.1M in fiscal year 2025.
Is Mackenzie Realty profitable?
No, Mackenzie Realty (MKZR) reported a net income of -$24.0M in fiscal year 2025.
What is Mackenzie Realty's EBITDA?
Mackenzie Realty (MKZR) had EBITDA of -$12.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mackenzie Realty have?
As of fiscal year 2025, Mackenzie Realty (MKZR) had $3.6M in cash and equivalents against $135.3M in long-term debt.
Does Mackenzie Realty pay dividends?
Yes, Mackenzie Realty (MKZR) paid $2.25 per share in dividends during fiscal year 2025.
What is Mackenzie Realty's return on equity (ROE)?
Mackenzie Realty (MKZR) has a return on equity of -40.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Mackenzie Realty's operating cash flow?
Mackenzie Realty (MKZR) recorded an outflow of $1.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Mackenzie Realty's total assets?
Mackenzie Realty (MKZR) had $236.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Mackenzie Realty's debt-to-equity ratio?
Mackenzie Realty (MKZR) had a debt-to-equity ratio of 2.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mackenzie Realty's return on assets (ROA)?
Mackenzie Realty (MKZR) had a return on assets of -10.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Mackenzie Realty's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Mackenzie Realty (MKZR) held $3.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.7M over that year. Dividing the one by the other, the reported balance equals about 26 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Mackenzie Realty's Piotroski F-Score?
Mackenzie Realty (MKZR) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mackenzie Realty's earnings high quality?
Mackenzie Realty (MKZR) reported a net loss of $24.0M while operations used $1.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mackenzie Realty cover its interest payments?
Mackenzie Realty (MKZR) reported an operating loss of $23.5M against $8.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Mackenzie Realty?
Mackenzie Realty (MKZR) scores 6 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.