Quote data as of 5:25 AM ET
MacKenzie Realty Capital, Inc. (which, along with its subsidiaries, is collectively referred to as "the Company," "we," or "our") was formed on January 27, 2012, in accordance with Maryland's general corporation laws. The Company has chosen to be taxed as a Real Estate Investment Trust (REIT), complying with the definitions provided in Subchapter M of the amended Internal Revenue Code of 1986. A total of 100,000,000 shares are authorized for issuance. This total comprises 80,000,000 shares of common stock and 20,000,000 shares of preferred stock, each possessing a par value of $0.0001. Our business operations began on February 28, 2013, and our fiscal year ends annually on June 30.
MacKenzie Realty Capital reported Q1 2026 revenue of $5.4 million, a 27% increase year-over-year, driven by the stabilization of its Aurora at Green Valley development which is now over 90% leased.
The company returned to profitability on a non-GAAP basis, reporting positive FFO of $308,040 and AFFO of $537,514, compared to negative figures of $3.2 million and $2.3 million respectively in the prior year period.
GAAP net loss narrowed significantly to $0.99 million from $6.1 million a year ago, aided by a $523,458 profit from the sale of shares received in the CNL Healthcare/Sonida Senior Living merger.