MacKenzie Realty Capital Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
MKZR$0.96-2.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Balance Sheets as of September 30, 2024 and June 30, 2024 (Unaudited)
Balance Sheets
| September 30, 2024 | June 30, 2024 | |
|---|---|---|
| Assets | ||
| Real estate assets | ||
| Land | $35,690,148 | $34,053,565 |
| Building, fixtures and improvements | 170,102,235 | 157,251,012 |
| Intangible lease assets | 12,174,178 | 10,976,549 |
| Less: accumulated depreciation and amortization | (14,922,760) | (12,684,205) |
| Total real estate assets, net | 203,043,801 | 189,596,921 |
| Cash and cash equivalents | 10,693,380 | 11,777,930 |
| Restricted cash | 778,923 | 778,330 |
| Investments, at fair value | 1,763,318 | 2,138,104 |
| Unconsolidated investment (non-security), at fair value | 1,784,470 | 3,906,326 |
| Investments income, rents and other receivables | 1,601,868 | 1,239,666 |
| Deferred offering costs, net | 465,500 | - |
| Prepaid expenses and other assets | 1,181,326 | 1,254,722 |
| Assets held for sale, net | 22,221,715 | 22,395,769 |
| Total assets | $243,534,301 | $233,087,768 |
| Liabilities | ||
| Mortgage notes payable, net | $127,281,972 | $113,687,699 |
| Notes payable | 1,780,913 | 1,635,773 |
| Deferred rent and other liabilities | 1,362,654 | 1,193,209 |
| Finance lease liabilities | 2,431,963 | 1,887,984 |
| Dividend payable | 2,378,697 | 2,313,822 |
| Accounts payable and accrued liabilities | 4,255,449 | 2,311,554 |
| Below-market lease liabilities, net | 1,354,541 | 1,284,832 |
| Due to related entities | 114,561 | 171,260 |
| Capital pending acceptance | 96,700 | 297,000 |
| Liabilities held for sale | 442,702 | 355,543 |
| Total liabilities | 141,500,152 | 125,138,676 |
| Equity | ||
| Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,435,656.79 and 13,302,572.99 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively. | 1,344 | 1,330 |
| Preferred stock, $0.0001 par value, 20,000,000 shares authorized: | ||
| Series A Preferred stock, 765,429.60 and 761,370.46 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively. | 77 | 76 |
| Series B Preferred stock, 63,909.52 and 49,564.56 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively. | 6 | 5 |
| Capital in excess of par value | 137,981,396 | 137,072,283 |
| Accumulated deficit | (64,537,486) | (54,715,347) |
| Total stockholders’ equity | 73,445,337 | 82,358,347 |
| Non-controlling interests | 28,588,812 | 25,590,745 |
| Total equity | 102,034,149 | 107,949,092 |
| Total liabilities and equity | $243,534,301 | $233,087,768 |
Consolidated
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