From GlobeNewswire: 2024-11-21 15:06:00

MacKenzie Realty Capital, Inc. announced financial results for Q1 ended Sept 30, 2024. Net revenues were $5.0 million, up 39% from 2023. Gross profit was $3.0 million, up 41%. Net loss was $8.1 million. Total shareholder equity reached $102 million. MacKenzie paid a dividend of $0.125 per share.

CEO Robert Dixon highlighted strong performance and Board expansion. Properties are meeting or exceeding expectations. Same-store office portfolio 95% occupied, multifamily 92%. Upcoming refinancing and stabilized developments expected to boost FFO profitability and dividend coverage. Recent Nasdaq listing aims to enhance liquidity and attract more investors.

MacKenzie Realty Capital, Inc., established in 2013, focuses on West Coast real estate investments. The portfolio includes multifamily and boutique class A office properties. The company has paid dividends annually since inception. For more information, contact MacKenzie at (800) 854-8357 or visit their website.



Read more at GlobeNewswire:: MacKenzie Realty Capital Reports First Quarter FY 2025