MacKenzie Realty Capital, Inc.
For the period ended Sep 30, 2025. Filed Nov 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.
Sep 30, 2025 · Filed Nov 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.
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Item 1. Consolidated Balance Sheets as of September 30, 2025 and June 30, 2025 (Unaudited)
Consolidated Balance Sheets
| September 30, 2025 · June 30, 2025 | |||
|---|---|---|---|
| Assets | |||
| Real estate assets | |||
| Land | $44,406,724 | $44,406,724 | |
| Building, fixtures and improvements | 197,513,523 | 193,170,429 | |
| Intangible lease assets | 11,742,042 | 13,015,058 | |
| Less: accumulated depreciation and amortization | (24,703,662) | (26,058,639) | |
| Total real estate assets, net | 228,958,627 | 224,533,572 | |
| Cash and cash equivalents | 4,853,998 | 3,788,082 | |
| Restricted cash | 427,194 | 328,239 | |
| Investments, at fair value | 1,953,717 | 1,749,528 | |
| Equity method investments, at fair value | 2,098,365 | 2,125,451 | |
| Investments income, rents and other receivables | 2,181,811 | 2,273,527 | |
| Prepaid expenses and other assets | 1,219,882 | 1,193,779 | |
| Total assets | $241,693,594 | $235,992,178 | |
| Liabilities | |||
| Securities sold, not yet purchased, at fair value | $301,120 | $ | - |
| Mortgage notes payable, net | 126,907,758 | 120,417,074 | |
| Line of credit and notes payable, net | 12,986,003 | 12,016,507 | |
| Deferred rent and other liabilities | 1,372,992 | 1,600,585 | |
| Finance lease liabilities | 2,187,455 | 2,253,875 | |
| Dividend payable | 721,792 | 715,498 | |
| Accounts payable and accrued liabilities | 5,719,906 | 4,562,376 | |
| Below-market lease liabilities, net | 603,228 | 703,645 | |
| Due to related entities | 206,318 | 167,764 | |
| Capital pending acceptance | 2,700 | 13,411 | |
| Total liabilities | 151,009,272 | 142,450,735 | |
| Equity | |||
| Common stock, $0.0001 par value, 80,000,000 shares authorized; 1,772,024.00 and 1,578,192.98 shares issued and outstanding as of September 30, 2025 and June 30, 2025, respectively. | 177 | 158 | |
| Preferred stock, $0.0001 par value, 20,000,000 shares authorized: | |||
| Series A Preferred stock, 762,883.15 and 766,176.57 shares issued and outstanding as of September 30, 2025 and June 30, 2025, respectively. | 77 | 77 | |
| Series B Preferred stock, 120,494.05 and 116,112.32 shares issued and outstanding as of September 30, 2025 and June 30, 2025, respectively. | 12 | 12 | |
| Series C Preferred stock, 27,520.00 issued and outstanding as of September 30, 2025. | 3 | - | |
| Additional paid-in capital | 146,004,099 | 145,050,643 | |
| Accumulated deficit | (89,277,899) | (85,192,267) | |
| Total stockholders’ equity | 56,726,469 | 59,858,623 | |
| Non-controlling interests | 33,957,853 | 33,682,820 | |
| Total equity | 90,684,322 | 93,541,443 | |
| Total liabilities and equity | $241,693,594 | $235,992,178 | |
Consolidated
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