SEC Form 10-Q filed by MacKenzie Realty Capital Inc.
$MKZR
Unavailable
Unavailable
Save time and jump to the most important pieces.
ORINDA, Calif., May 19, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") today announced its financial results for the third quarter ended March 31, 2025 and announced that its Board Of Directors is suspending the company's cash dividend payable to common stockholders. Key Financial Highlights:Operating Results for the Three Months Ended March 31, 2025: Net revenues for three months ended March 31, 2025, were $4.3 million, an increase of 5% from $4.1 million in the same period of 2024.Net operating loss was $5.8 million, as compared to a net operating loss of $2.7 million in the same period of 2024.Net loss was $6.1 million, compared to
ORINDA, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") and its adviser's affiliated brokerage, Wiseman Commercial, Inc., is pleased to announce today that it has reached an Agreement with First Northern Bank of Dixon to pay down and extend the loan on the Company's Napa Innovation Center, f/k/a Main Street West. The Company also announced the closing of a new loan on its property in Hollywood, California. Napa Innovation Center/Main Street West Agreement The Company has reached a definitive agreement with First Northern Bank to continue the ownership and operation of the Napa Innovation Center, formerly known as Main
ORINDA, Calif., Feb. 28, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company"), a West Coast-focused REIT that invests in commercial and residential assets, as well as illiquid real estate securities, today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 2,826,299 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue unregistered Series A common warrants to purchase up to an aggregate of 1,413,149 shares of common Stock, and unregistered Series B comm
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
8-K - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
10-Q - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
8-K - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4/A - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
ORINDA, Calif., May 19, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") today announced its financial results for the third quarter ended March 31, 2025 and announced that its Board Of Directors is suspending the company's cash dividend payable to common stockholders. Key Financial Highlights:Operating Results for the Three Months Ended March 31, 2025: Net revenues for three months ended March 31, 2025, were $4.3 million, an increase of 5% from $4.1 million in the same period of 2024.Net operating loss was $5.8 million, as compared to a net operating loss of $2.7 million in the same period of 2024.Net loss was $6.1 million, compared to
ORINDA, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") and its adviser's affiliated brokerage, Wiseman Commercial, Inc., is pleased to announce today that it has reached an Agreement with First Northern Bank of Dixon to pay down and extend the loan on the Company's Napa Innovation Center, f/k/a Main Street West. The Company also announced the closing of a new loan on its property in Hollywood, California. Napa Innovation Center/Main Street West Agreement The Company has reached a definitive agreement with First Northern Bank to continue the ownership and operation of the Napa Innovation Center, formerly known as Main
ORINDA, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") announced that it signed a nonbinding letter of intent to expand its multi-family portfolio in Solano County, California, with a waterfront development property located adjacent to the Solano Yacht Club ("Westwind Residences"), a 5.73 acre parcel on which the Company hopes to develop 81 multi-family apartment units and 7 townhomes. Westwind Residences is a waterfront property located in downtown Suisun City, California. As previously reported, MacKenzie has two other developments in Solano County, including the 74-unit Aurora at Green Valley, which is proceeding u