MKZR earnings analysis
What we found in MKZR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
MacKenzie Realty Capital reported improving rental revenues and decreased costs in its latest 10-Q, indicating a stabilizing operational performance despite macroeconomic uncertainty. The company experienced solid growth within its residential segment driven by the recent completion of new developments, while commercial property income encountered challenges compared to the previous year due to early lease terminations.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Overall revenue for Q3 increased to $15.19 million, a 10.9% rise from $13.69 million in the prior period.
- Strong EPS Performance
- EPS improved to $0.40, up from $0.32 in the prior year, reflecting a 25% increase.
- Improved Occupancy Rates
- Residential occupancy reached 88%, boosting rental income significantly in the segment.
- Decrease in Operating Expenses
- Total operating costs dropped by 15% to $4.35 million compared to $5.13 million a year ago.
- Investment Income Growth
- Investment income rose to $0.19 million from $0.05 million, reflecting a growing investment portfolio.
- Net Unrealized Gains
- The company recorded net unrealized gains of $2.01 million, a turnaround from the $0.41 million loss last year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Market Volatility
- Continued fluctuations in interest rates could adversely impact real estate valuations, with significant exposure to variable-rate debt.
- Dependence on Rental Income
- A high dependency on rental income exposes the company to risks related to tenant defaults or lease terminations.
- Competition in Real Estate Markets
- Increased competition from newer properties may affect occupancy rates and rental pricing power.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.4
- Segment
- Commercial
- Segment
- Residential
What they said about what is next.
Management anticipates continued revenue growth supported by increased occupancy and investment income, yet execution depends on market conditions.
The filing reads better than the one before it.
What came before.
- 10-Q · February 17, 2026
- MacKenzie Realty Capital reported Q2 (three months ended Dec 31, 2025) revenue of $4,594,058 and a net loss attributable to common stockholders of $5,507,255 (loss per share $(2.97)). Revenue declined materially versus…
- 10-K · September 29, 2025
- MacKenzie Realty Capital positions itself as a small-cap REIT focused on value-add and opportunistic mid-market real estate investments (primarily Western U.S.) while reserving up to 20% of assets for illiquid…
- 10-Q · February 14, 2025
- MacKenzie Realty Capital reported strong top-line growth for the quarter with rental and related revenue of $8,030,316 (up from $3,577,486 a year earlier), but profitability weakened in absolute dollars due to a large…
- 10-Q · November 14, 2024
- MacKenzie Realty Capital reported revenue of $4,952,229 for the three months ended September 30, 2024, up $1,392,248 (39.1%) versus $3,559,981 a year earlier, but posted a larger operating loss of $7,440,976 (versus…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing MKZR makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever