MacKenzie Realty Capital, Inc. (MKZR) AI Stock Analysis
MKZR AI stock analysis summary
AI ResearchMacKenzie Realty Capital, Inc. (MKZR) is a West Coast-focused real estate investment trust targeting multifamily and office properties. Over the trailing twelve months ended June 30, 2026, the company generated $20.4M in revenue with a net profit margin of -85.8%. It carries $149.3M in total debt against $3.5M in cash, with a market capitalization of $3.5M.
- Market cap
- $3.5M
- Revenue (TTM)
- $20.4M
- P/E
- —
- 1Y return
- -77.0% S&P 500 16.8%
- Avg. target
- —
Bull case
- Quarterly revenue grew 23.6% year-over-year in the latest quarter ended June 30, 2026.
- The stock trades at a price-to-book multiple of 0.1x and a price-to-sales ratio of 0.2x.
- MacKenzie Realty Capital generated a 5-year revenue CAGR of 27.1% between FY2021 and FY2026.
Bear case
- The company reported a net loss of -$17.5M and free cash flow of -$3.3M in FY2026.
- Total debt stood at $149.3M against only $3.5M in cash and short-term investments as of June 30, 2026.
- The stock declined 77.0% over the trailing one-year period through October 16, 2026.
What MacKenzie Realty Capital does
MacKenzie Realty Capital, Inc. is a West Coast-focused REIT incorporated in Maryland in 2012. The company intends to allocate at least 80% of its total assets to real property and up to 20% to illiquid real estate securities. Its real property target allocation is approximately 50% multifamily and 50% boutique class A office properties. As of the current portfolio, it holds interests in 8 office properties alongside full ownership of MacKenzie Apartment Communities, Inc., which has 5 multifamily properties and one multifamily development project.
Growth and profitability
MacKenzie Realty Capital achieved a 5-year revenue CAGR of 27.1% from FY2021 to FY2026. Annual revenue expanded from $10.4M in FY2022 to a peak of $22.1M in FY2025 before revenue fell 9.9% to $19.9M in FY2026. Operating margins have remained negative, recording -16.2% in FY2026 alongside a gross margin of -48.5%. The company posted net losses of -$12.1M in FY2024, -$25.9M in FY2025, and -$17.5M in FY2026, which equaled an EPS of -$5.58. For the latest quarter ended June 30, 2026, quarterly revenue grew 23.6% year-over-year, while TTM revenue reached $20.4M with an EPS of -$9.54.
Balance sheet and cash flow
As of June 30, 2026, MacKenzie Realty Capital held $3.5M in cash and short-term investments against $149.3M in total debt, resulting in net debt of $145.8M. The company reported a current ratio of 0.03 and a debt-to-equity ratio of 3.41 against shareholders' equity of $43.8M. In FY2026, free cash flow was -$3.3M, matching operating cash flow. Cash outflows during FY2026 included $943,328 in dividends paid and $1,885 in share buybacks, while total shares increased by 50.5% over 5 years.
Valuation and performance
At a closing price of $1.25 on October 16, 2026, MacKenzie Realty Capital had a market capitalization of $3.5M and an enterprise value of $145.2M. The stock trades at a price-to-sales multiple of 0.2x and a price-to-book multiple of 0.1x, below the median of its US-listed Real Estate peers at 3.7x sales. Its EV-to-EBITDA stands at 24.3x, above the peer median of 14.7x. Over the past year, the stock fell 77.0%, underperforming the S&P 500 return of 16.8%.
What analysts expect
Over the last 4 quarters, MacKenzie Realty Capital recorded 0 EPS beats against expectations. Wall Street consensus price targets and rating breakdowns are not provided for the stock following its closing price of $1.25 on October 16, 2026. Institutional ownership was 11.1%, while insider ownership stood at 8.9% and short interest accounted for 0.5% of float.
Key risks and what to watch
- A current ratio of 0.03 reflects tight short-term liquidity relative to existing obligations.
- The company's debt-to-equity ratio of 3.41 indicates high leverage with $145.8M in net debt.
- Gross margin dropped to -48.5% in FY2026, pointing to operating deficits on property assets.
- The share count increased by 50.5% over 5 years, highlighting ongoing shareholder dilution.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this MKZR AI stock analysis
This page is an AI-written research summary of MacKenzie Realty Capital, Inc. (MKZR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: MKZR income statement, MKZR balance sheet, MKZR key metrics, MKZR chart. See the MKZR stock overview for the latest quote and news.
MKZR AI stock analysis FAQ
What does MacKenzie Realty Capital do?
MacKenzie Realty Capital, Inc. is a West Coast-focused REIT that targets investments in real property (at least 80% of total assets) and illiquid real estate securities (up to 20%). Its property portfolio targets an even split between multifamily residential communities and boutique class A office properties.
What were MacKenzie Realty Capital's financial results in FY2026?
In FY2026, the company generated $19.9M in revenue, which represented a 9.9% decline from FY2025. It reported a net loss of -$17.5M, an EPS of -$5.58, and negative operating cash flow of -$3.3M.
How much debt does MacKenzie Realty Capital have?
As of June 30, 2026, the company had $149.3M in total debt and $3.5M in cash and short-term investments, resulting in net debt of $145.8M. Its debt-to-equity ratio stood at 3.41.
Does MacKenzie Realty Capital pay dividends?
MacKenzie Realty Capital paid $943,328 in total dividends during FY2026. However, regular ongoing dividend yield and payout rates are not listed.