MacKenzie Realty Capital, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $3.3M
- Price
- $1.47
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.68%
- Volume
- 2.8K
About
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.
Quick stats
Shares outstanding2.3M
Computed float1.5M
Float / shares66.1%
Key info
SectorReal Estate
IndustryREIT - Diversified
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001550913
AI Summary
AI-generated1/5
standardbullishoperations update
MacKenzie Realty Capital completes successful tender offer; MacKenzie Apartment Communities declares first dividend
MacKenzie Realty Capital expanded its tender offer for National Healthcare Properties (NHP) to 300,000 shares after purchasing 140,000 shares at $7.27 each, financed by a new loan from Streeterville Capital.
The NHP position represents an unrealized gain of over $1.2 million based on the public market price of $16.08, contributing to the company's first quarterly FFO profitability in several years.
Additionally, the Aurora at Green Valley development reached 100% leasing with NOI ahead of projections, and subsidiary MacKenzie Apartment Communities declared its first dividend of $0.045 per share.
Red flags
- Purchase of NHP shares financed by additional loan agreement with Streeterville Capital