Here are the 10-K annual reports from MacKenzie Realty Capital, Inc. (MKZR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MKZR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MKZR filings page.
MacKenzie Realty Capital, Inc. (MKZR) reported rental, reimbursements and other property income of $20,007,414 for the year ended June 30, 2026, compared with $22,059,843 in fiscal 2025. Net loss attributable to common stockholders was $19,105,908, versus $27,336,880; net cash used in operating activities was $3,309,228, versus $1,690,102.
Effective January 1, 2026, MKZR contributed five multifamily residential properties and its Blue Ridge development project to newly formed MacKenzie Apartment Communities, Inc. (MAC) for 1,906,580 MAC shares. MKZR remained MAC’s sole shareholder as of June 30, 2026. Blue Ridge is expected to consist of 84 multifamily units, with entitlement ongoing; commercial real estate investments remained in the Operating Partnership. At June 30, 2026, total assets were $235,289,800, cash and cash equivalents were $3,517,313, and mortgage notes payable, net, were $131,867,757.
The amended agreement with the Real Estate Adviser sets a 1.25% annual base management fee on gross assets under management, excluding depreciation and amortization, plus a 5% quarterly bonus based on adjusted funds from operations.
MacKenzie Realty Capital, Inc. is a Maryland corporation that has elected REIT status and focuses primarily on acquiring and operating real estate assets, with up to 20% of its portfolio in non-traded or illiquid real-estate-related debt and equity securities. The company is externally managed by MacKenzie affiliates and consolidates many majority-owned subsidiaries and joint ventures, including multifamily and office properties such as Hollywood Apartments and Satellite Place. During FY2025 it completed multiple capital initiatives: Nasdaq listing in November 2024, a Form S-3 shelf and an ATM program, a registered direct offering and concurrent private placement, and preferred stock offerings, raising aggregate proceeds described as approximately $125.44 million from common offerings and additional preferred proceeds. The company effected a 1-for-10 reverse stock split effective August 4, 2025 and discloses risks including concentration in California and Georgia, environmental liability exposure, leverage and liquidity risks, and related-party advisory arrangements.