MacKenzie Realty Capital (Nasdaq: MKZR) reported fiscal 2026 results and temporarily suspended its Preferred Share Repurchase Program while exploring strategic transactions.
For the year ended June 30, 2026, net revenues fell 9% to $20.01 million from $22.06 million a year earlier. Net operating loss narrowed 33% to $15.61 million from $23.46 million, while net loss narrowed 41% to $14.13 million from $23.97 million. The company attributed the revenue decline primarily to approximately $3.0 million of lease termination income recognized in the 2025 period.
The Board suspended the program to respond to potential strategic alternatives brought by financial advisor Maxim Group, including reverse takeovers. The company said common stock issued in exchange for preferred shares created additional selling pressure that could complicate negotiations. The Board expects to reassess the program in due course.
MacKenzie Realty Capital (Nasdaq: MKZR) announced it is under contract to purchase over $1 million of National Healthcare Properties (NHP) shares via a tender offer at $7.27 per share, increasing its offer size from 150,000 to 300,000 shares. The company has begun purchasing approximately 140,000 NHP shares and intends to finance the transaction with an additional loan from Streeterville Capital on terms similar to prior notes.
According to MacKenzie, based on NHP’s recent free-trading price of $16.08, the position reflects an unrealized gain of over $1.2 million, which could be realized when shares become freely tradable in October, assuming prices hold. The Aurora at Green Valley development is now 100% leased with NOI ahead of projections. Subsidiary MacKenzie Apartment Communities declared and paid its first dividend to MKZR of $0.045 per share for the quarter ended June 30, 2026.
MacKenzie Realty Capital (Nasdaq: MKZR) reported results for the fiscal quarter ended March 31, 2026. Net revenues were $5.4 million, up 27% year over year. Net loss narrowed to $0.99 million, while FFO and AFFO turned positive at $308,040 and $537,514, respectively.
Aurora at Green Valley is now stabilized and over 90% leased. MacKenzie also realized a $523,458 profit from a CNL Healthcare Properties investment tied to the Sonida Senior Living merger and repaid its $1 million Streeterville Capital loan.