MacKenzie Realty Capital, Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data MacKenzie Realty Capital, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Revenue
10.4
15.1
15.7
22.1
20
General and administrative
0.56
0.91
1.06
2.58
1.44
Operating expenses
6.25
5.26
27
35
25.7
45.5
Operating income
-16.6
-19.9
-9.92
-23.5
-15.6
Interest expense
2.35
7.1
Interest income
11.9
8.73
Pre-tax income
5.63
3.47
Income tax
-0.01
0
Net income to minority interests
-0.29
0.41
0.85
1.95
3.41
Net income
2.89
-11.7
4.51
-4.79
-13.2
-27.3
-19.1
EBITDA
-12.1
-14.6
-2.76
-12
-6.47
EPS, basic
2.89
-9.55
3.38
-3.58
-9.95
-18.66
-9.54
EPS, diluted
2.89
-9.55
3.38
-3.58
-9.95
-18.66
-9.54
Shares, basic (weighted)
1
1.23
1.34
1.33
1.33
1.47
2
Shares, diluted (weighted)
1
1.23
1.34
1.33
1.33
1.47
2
Dividend per share
7.26
4.48
4.48
5.00
2.25
0.00
Balance sheet
FY2019
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Cash and equivalents
1.28
8.96
7.4
17.2
11.9
3.63
3.52
Lease right-of-use assets
2.89
8.18
11.4
11.7
10.9
Intangible assets
2.3
5.64
6.57
4.02
2.87
Total assets
104
183
213
233
236
235
Total liabilities
0.94
78.3
102
125
142
156
Total debt
19.6
117
135
148
Paid-in capital
122
134
137
145
148
Retained earnings
-24.1
-34.9
-54.7
-85.2
-104
Shareholders' equity
97.9
98.9
82.4
59.9
43.8
Total equity
104
111
108
93.5
79.2
Total liabilities and equity
104
183
213
233
236
235
Shares outstanding
1.29
1.33
1.33
1.33
1.58
2.51
Cash flow statement
FY2019
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Net income
2.89
-11.7
4.28
-3.69
-11.2
-24
-14.1
Depreciation and amortization
4.54
5.27
7.15
11.4
9.14
Stock-based compensation
0
0.67
0
Change in receivables
2.71
2.08
Change in payables
0.2
-0.08
2.35
-1.95
0.74
0.14
-1.09
Cash from operations
-22.2
-1.73
4.62
-6.62
-0.6
-1.69
-3.31
Purchases of investments
-24.9
-1.62
-1.06
-1.18
-3.7
Cash from investing
-32.2
15.3
-1.3
-19.1
-9.14
Stock issued
23.2
19.5
0
3.79
0.32
Dividends paid
-3.79
-4.53
-2.82
-3.85
-5.18
-4.8
0
Cash from financing
15.1
9.41
28.8
0.45
-3.17
11.8
12.1
Net change in cash
-7.16
7.68
1.24
9.14
-5.06
-8.96
-0.31
Interest paid
2.25
5.74
4.58
7.2
7.99
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $1.19 on November 11, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-78.0%
Operating income / revenue.
EBITDA margin
-32.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-95.5%
Net income / revenue.
Operating cash flow margin
-16.5%
Cash from operations / revenue.
Return on equity (ROE)
-36.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-8.1%
Net income / average total assets.
Return on invested capital (ROIC)
-6.5%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
0.0%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
45.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-9.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
9.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share growth, 1y
-100.0%
Dividend per share vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-26.9%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-23.8%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-0.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
3.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
36.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
14.5%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Debt / equity
3.39x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
63.1%
Total debt / total assets.
Liabilities / assets
66.3%
Total liabilities / total assets.
Net debt
$145.0M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$9.54
Net income per basic share, as reported (split-adjusted).
Revenue per share
$9.99
Revenue / diluted weighted shares.
Operating cash flow per share
-$1.65
Cash from operations / diluted weighted shares.
Book value per share
$17.42
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividend declared per common share (paid, when declared is not tagged).
Valuation
Metric
Value
How it is calculated
Market cap
$2.3M
Share price x shares outstanding.
Enterprise value
$147.3M
Market cap + total debt - cash - short-term investments.
P/S
0.12x
Market cap / revenue.
P/B
0.05x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.06x
Market cap / tangible book value, when positive.
EV/Sales
7.36x
Enterprise value / revenue.
Earnings yield
-819.9%
Net income / market cap (the inverse of P/E).
Dividend yield
0.0%
Dividends paid over the period / market cap.
Shareholder yield
0.0%
(Dividends paid + share buybacks) / market cap.
What was MacKenzie Realty Capital, Inc.'s revenue in fiscal 2026?
MacKenzie Realty Capital, Inc. reported revenue of $20.0M for fiscal 2026, 9.3% lower than the year before.
Was MacKenzie Realty Capital, Inc. profitable in fiscal 2026?
No. It reported a net loss of $19.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.