MacKenzie Realty Capital, Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
View on SEC.govAbout this filing
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.
Mar 31, 2025 · Filed May 15, 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 March 31, 2025 and June 30, 2024 (Unaudited)
Balance Sheets
| March 31, 2025 | June 30, 2024 | |
|---|---|---|
| Assets | ||
| Real estate assets | ||
| Land | $44,394,725 | $42,758,142 |
| Building, fixtures and improvements | 188,908,443 | 171,487,907 |
| Intangible lease assets | 13,017,755 | 11,440,998 |
| Less: accumulated depreciation and amortization | (21,675,531) | (14,421,966) |
| Total real estate assets, net | 224,645,392 | 211,265,081 |
| Cash and cash equivalents | 5,143,928 | 11,854,946 |
| Restricted cash | 312,217 | 1,222,393 |
| Investments, at fair value | 970,564 | 1,341,164 |
| Equity method investments, at fair value | 2,284,401 | 4,703,266 |
| Investments income, rents and other receivables | 2,248,634 | 1,415,943 |
| Prepaid expenses and other assets | 1,536,995 | 1,284,975 |
| Total assets | $237,142,131 | $233,087,768 |
| Liabilities | ||
| Mortgage notes payable, net | $118,157,440 | $113,687,699 |
| Line of credit and notes payable, net | 9,579,966 | 1,635,773 |
| Deferred rent and other liabilities | 1,367,888 | 1,434,476 |
| Finance lease liabilities | 2,318,790 | 1,887,984 |
| Dividend payable | 1,504,282 | 2,313,822 |
| Accounts payable and accrued liabilities | 4,264,985 | 2,425,471 |
| Below-market lease liabilities, net | 1,132,077 | 1,284,832 |
| Due to related entities | 128,934 | 171,619 |
| Capital pending acceptance | 766,250 | 297,000 |
| Total liabilities | 139,220,612 | 125,138,676 |
| Equity | ||
| Common stock, $0.0001 par value, 80,000,000 shares authorized; 15,738,524.79 and 13,302,572.99 shares issued and outstanding as of March 31, 2025 and June 30, 2024, respectively. | 1,574 | 1,330 |
| Preferred stock, $0.0001 par value, 20,000,000 shares authorized: | ||
| Series A Preferred stock, 765,835.22 and 761,370.46 shares issued and outstanding as of March 31, 2025 and June 30, 2024, respectively. | 74 | 76 |
| Series B Preferred stock, 108,492.93 and 49,564.56 shares issued and outstanding as of March 31, 2025 and June 30, 2024, respectively. | 11 | 5 |
| Capital in excess of par value | 144,838,305 | 137,072,283 |
| Accumulated deficit | (78,188,965) | (54,715,347) |
| Total stockholders’ equity | 66,650,999 | 82,358,347 |
| Non-controlling interests | 31,270,520 | 25,590,745 |
| Total equity | 97,921,519 | 107,949,092 |
| Total liabilities and equity | $237,142,131 | $233,087,768 |
ConsolidatedStatements of
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.