MacKenzie Realty Capital, Inc.
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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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.
Dec 31, 2024 · Filed Feb 14, 2025
MKZR$0.96-2.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Consolidated Balance Sheets as of December 31, 2024 and June 30, 2024 (Unaudited)
Balance Sheets
| December 31, 2024 | June 30, 2024 | |
|---|---|---|
| Assets | ||
| Real estate assets | ||
| Land | $35,690,148 | $34,053,565 |
| Building, fixtures and improvements | 169,400,043 | 157,251,012 |
| Intangible lease assets | 12,437,847 | 10,976,549 |
| Less: accumulated depreciation and amortization | (17,154,350) | (12,684,205) |
| Total real estate assets, net | 200,373,688 | 189,596,921 |
| Cash and cash equivalents | 6,142,915 | 11,777,930 |
| Restricted cash | 780,406 | 778,330 |
| Investments, at fair value | 972,545 | 1,341,164 |
| Equity method investments, at fair value | 2,598,444 | 4,703,266 |
| Investments income, rents and other receivables | 1,637,176 | 1,239,666 |
| Deferred offering costs | 667,607 | - |
| Prepaid expenses and other assets | 1,038,730 | 1,254,722 |
| Assets held for sale, net | 22,147,725 | 22,395,769 |
| Total assets | $236,359,236 | $233,087,768 |
| Liabilities | ||
| Mortgage notes payable, net | $124,450,160 | $113,687,699 |
| Notes payable | 1,773,288 | 1,635,773 |
| Deferred rent and other liabilities | 1,281,595 | 1,193,209 |
| Finance lease liabilities | 2,377,410 | 1,887,984 |
| Dividend payable | 1,386,405 | 2,313,822 |
| Accounts payable and accrued liabilities | 5,408,173 | 2,311,554 |
| Below-market lease liabilities, net | 1,236,869 | 1,284,832 |
| Due to related entities | 122,446 | 171,260 |
| Capital pending acceptance | 171,088 | 297,000 |
| Liabilities held for sale | 415,085 | 355,543 |
| Total liabilities | 138,622,519 | 125,138,676 |
| Equity | ||
| Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,473,075.79 and 13,302,572.99 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively. | 1,347 | 1,330 |
| Preferred stock, $0.0001 par value, 20,000,000 shares authorized: | ||
| Series A Preferred stock, 764,887.87 and 761,370.46 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively. | 74 | 76 |
| Series B Preferred stock, 95,088.26 and 49,564.56 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively. | 10 | 5 |
| Capital in excess of par value | 138,814,050 | 137,072,283 |
| Accumulated deficit | (70,490,641) | (54,715,347) |
| Total stockholders’ equity | 68,324,840 | 82,358,347 |
| Non-controlling interests | 29,411,877 | 25,590,745 |
| Total equity | 97,736,717 | 107,949,092 |
| Total liabilities and equity | $236,359,236 | $233,087,768 |
ConsolidatedStatements of
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