MacKenzie Realty Capital, Inc.: Annual report
MacKenzie Realty Capital reported lower commercial property revenue and an impairment charge alongside growth in residential rental income for fiscal 2026.
Mixed for the companyWhat the numbers say
Revenue fell 9.3% to $20M versus the prior year; operating margin widened from -106.4% to -78.0%; diluted EPS -$9.54 versus -$18.66; operating cash flow -$3.3M (a year earlier -$1.7M); cash fell by $110K to $3.5M while debt rose by $13.1M; diluted share count up 37% (dilution).
What happened
- Commercial rental and reimbursements revenue decreased to $13.07 million from $16.17 million, primarily due to lease termination income recognized in the prior year.
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