MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) announced its financial results for the first quarter ended September 30, 2025.
The Company reported a decrease in net revenues and net operating loss compared to the same period in 2024.
Aurora at Green Valley is now over 50% leased after completion of construction.
Financial Results
Net revenue for the quarter: $4.54 million; Net operating loss: $3.49 million; Net loss: $3.05 million.
FFO and AFFO
Negative $1.93 million FFO adjusted for depreciation and unrealized gain; AFFO would be negative $1.72 million.
Aurora Lease-up
Construction at Aurora at Green Valley complete; buildings now over 50% leased.
CEO Statement
Robert Dixon, CEO, pleased with results and trajectory towards FFO profitability next year.
Company Focus
MacKenzie Realty Capital focuses on West Coast REIT investments with a portfolio mix of multifamily and boutique class A office properties.
- The financial results show a decrease in net revenues and operating loss compared to the previous year.
- Completion of construction at Aurora at Green Valley and achieving over 50% leasing signify progress in the company's growth initiatives.
- CEO's positive outlook on future profitability indicates confidence in the company's strategic direction.
MacKenzie Realty Capital's financial report reflects improvements in certain key metrics and progress in property leasing. The company's focus on REIT investments and disciplined growth strategies set a positive outlook for future performance.