Here are the 10-Q quarterly 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-Q covers the quarterly report filed between annual reports, 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. reports higher rental and property income but remains unprofitable. For the quarter ended March 31, 2026, rental, reimbursement and other property income was $5,441,504, up from $4,273,646 a year earlier, yet operating expenses kept results negative.
Quarterly net loss attributable to common stockholders improved to $2,044,591 from $6,911,399, and nine‑month net loss was $11,637,478. Total assets were $239,440,124 and total liabilities $154,183,226, leaving total equity of $85,256,898. Operating cash flow for the nine months was a use of $2,755,870, funded largely by new debt and equity financing.
MacKenzie Realty Capital, Inc. reported continued losses for the quarter and six months ended December 31, 2025 as it invests in a West Coast-focused real estate portfolio. Rental, reimbursement and other property income fell to $4.59 million for the quarter and $9.13 million for six months, down from $8.03 million and $12.98 million a year earlier as prior-period lease income and an impairment charge distorted comparisons.
Total operating expenses were $9.30 million for the quarter and $17.33 million for six months, compared with $12.59 million and $24.98 million in the prior-year periods, reflecting the absence of a $9.50 million impairment recorded last year. Net loss attributable to common stockholders was $5.51 million for the quarter and $9.59 million for six months, versus $5.28 million and $13.42 million a year earlier, with basic and diluted net loss per share of $5.34 for the six-month period after a 1‑for‑10 reverse stock split.
At December 31, 2025, total assets were $238.05 million, including $215.27 million of real estate assets, net, funded largely by $129.91 million of mortgage notes payable and total liabilities of $152.02 million. Total equity was $86.03 million, split between $51.81 million attributable to stockholders and $34.22 million to non‑controlling interests.
Operating cash flow was negative $3.59 million for the six months, while investing activities used $6.21 million, primarily for real estate investments. Financing activities provided $10.50 million, driven by new mortgage borrowing, preferred and common stock issuance and a registered offering with concurrent private placement, resulting in a net increase in cash, cash equivalents and restricted cash to $4.82 million. The company completed a 1‑for‑10 reverse stock split, listed its common stock on Nasdaq and continued to raise capital through preferred stock programs, an at‑the‑market facility, and a February 2025 registered direct offering with associated warrants as it builds a diversified portfolio of multifamily and office properties in California and Georgia.
MacKenzie Realty Capital (MKZR) filed its quarterly report for the three months ended September 30, 2025. Rental and related income was $4,539,062, down from $4,952,229 a year ago. Operating loss was $3,487,885. Net loss was $3,046,894, and loss attributable to common stockholders was $4,085,632, or $2.20 per share, adjusted for the 1‑for‑10 reverse stock split effective August 4, 2025.
Total assets were $241,693,594 and total liabilities were $151,009,272, leaving total equity of $90,684,322. Cash and cash equivalents were $4,853,998. Mortgage notes payable, net, were $126,907,758, and line of credit and notes payable, net, were $12,986,003. Shares outstanding were 1,772,024 as of quarter‑end, and 1,852,481 as of November 14, 2025.
The company recorded no impairment this quarter, compared with $4,406,249 in the prior‑year period. Financing cash flows provided $7,399,858, including new borrowings and issuances of preferred and common stock. Future minimum rental income under non‑cancelable operating leases totaled $42,227,454.