MKZR Overview

Earnings Overview: MacKenzie Realty Capital, Inc. reported a first-quarter loss of -$3.05 million, an improvement from a loss of -$7.41 million in the same period last year.

Revenue Decline: The company's revenue decreased by 8.3%, totaling $4.54 million compared to $4.95 million in the previous year.

Financial Performance: MacKenzie Realty Capital reported net revenues of $4.54 million for Q1 2025, an 8.3% decrease from the previous year, but showed a significant reduction in net operating loss to $3.49 million from $7.4 million in 2024.

Leasing Update: The company's Aurora at Green Valley project is now over 50% leased, with construction completed and certificates of occupancy issued for the clubhouse and residential buildings.

Management Commentary: CEO Robert Dixon expressed satisfaction with the quarterly results aligning with internal expectations and emphasized a focus on achieving funds from operations (FFO) profitability in the coming year.

Non-GAAP Measures: The company highlighted the importance of Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO) as key performance indicators, despite reporting negative figures for both metrics compared to the same period in 2024.

Financial Performance: MacKenzie Realty Capital reported net revenues of $4.54 million for Q1 2025, an 8.3% decrease from the previous year, but showed a significant reduction in net operating loss to $3.49 million from $7.4 million in 2024.

Leasing Update: The company's Aurora at Green Valley project is now over 50% leased, with construction completed and certificates of occupancy issued for the clubhouse and residential buildings.

Management Commentary: CEO Robert Dixon expressed satisfaction with the quarterly results aligning with internal expectations and emphasized a focus on achieving FFO profitability in the coming year while maintaining financial discipline.

Non-GAAP Measures: The company highlighted the importance of Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO) as key performance indicators, despite reporting negative figures for both measures in comparison to the same period last year.