MKZR Nasdaq Real Estate Investment Trusts Financials FY2019βFY2026
MacKenzie Realty Capital, Inc. had $20.0M of revenue in fiscal 2026, down 9.3% on the year before.
Last close Β· Oct 23, 2026
$1.14
6.5%Hi! I read MacKenzie Realty Capital, Inc.βs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
β9.3%
No. Sales fell 9.3% last year.
Does it make a profit?
β70.6%
No. It lost money last year.
How healthy are the accounts?
2 / 7
Weak. It passes 2 of 7 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· MacKenzie Realty Capital, Inc. had $20.0M of revenue in fiscal 2026, down 9.3% on the year before. Its operating margin was β78.0%, up 28.3Β pts: of every 100 in sales, about β78 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· MacKenzie Realty Capital, Inc. lost $14.1M in fiscal 2026.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· MacKenzie Realty Capital, Inc. returned $0.0M to shareholders in fiscal 2026. The diluted share count rose 36.6%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.5M of shares on the open market and sold none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.5M
3 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Robert E DixonCEO/President | Bought | 23,400 | $1.60 | $0.0M | Form 4 |
| Aug 10, 2026 | Glen W FullerTreasurer | Bought | 23,400 | $1.60 | $0.0M | Form 4 |
| Aug 10, 2026 | Charles E. Patterson IIGeneral Counsel/Secretary, Director | Bought | 23,400 | $1.60 | $0.0M | Form 4 |
| Aug 7, 2026 | Glen W FullerTreasurer | Bought | 10,000 | $1.59 | $0.0M | Form 4 |
| Aug 7, 2026 | Robert E DixonCEO/President | Bought | 10,000 | $1.59 | $0.0M | Form 4 |
| Aug 7, 2026 | Charles E. Patterson IIGeneral Counsel/Secretary, Director | Bought | 10,000 | $1.59 | $0.0M | Form 4 |
| Aug 3, 2026 | Charles E. Patterson IIGeneral Counsel/Secretary, Director | Bought | 30,000 | $1.20 | $0.0M | Form 4 |
| Aug 3, 2026 | Robert E DixonCEO/President | Bought | 30,000 | $1.20 | $0.0M | Form 4 |
| Aug 3, 2026 | Glen W FullerTreasurer | Bought | 30,000 | $1.20 | $0.0M | Form 4 |
| Jul 31, 2026 | Charles E. Patterson IIGeneral Counsel/Secretary, Director | Bought | 36,600 | $1.41 | $0.1M | Form 4 |
| Jul 31, 2026 | Robert E DixonCEO/President | Bought | 36,600 | $1.41 | $0.1M | Form 4 |
| Jul 31, 2026 | Glen W FullerTreasurer | Bought | 36,600 | $1.41 | $0.1M | Form 4 |
| Apr 6, 2026 | Robert E DixonCEO/President | Bought | 10,000 | $3.50 | $0.0M | Form 4 |
| Feb 24, 2026 | Robert E DixonCEO/President | Bought | 5,000 | $3.64 | $0.0M | Form 4 |
| Nov 26, 2025 | Robert E DixonCEO/President | Bought | 3,000 | $4.05 | $0.0M | Form 4 |
| Nov 24, 2025 | Robert E DixonCEO/President | Bought | 2,084 | $4.05 | $0.0M | Form 4 |
| Nov 21, 2025 | Robert E DixonCEO/President | Bought | 1,862 | $4.00 | $0.0M | Form 4 |
| Oct 3, 2025 | Angche SherpaChief Financial Officer | Bought | 1,000 | $5.10 | $0.0M | Form 4 |
| Oct 3, 2025 | Robert E DixonCEO/President | Bought | 1,000 | $5.10 | $0.0M | Form 4 |
| Oct 3, 2025 | Jeri Ruth BluthChief Compliance Officer | Bought | 1,000 | $5.10 | $0.0M | Form 4 |
| Oct 3, 2025 | Charles E. Patterson IIGeneral Counsel/Secretary, Director | Bought | 1,000 | $5.10 | $0.0M | Form 4 |
| Oct 3, 2025 | Glen W FullerTreasurer | Bought | 1,000 | $5.10 | $0.0M | Form 4 |
| Oct 3, 2025 | Christine Elizabeth SimpsonChief Portfolio Manager | Bought | 1,000 | $5.10 | $0.0M | Form 4 |
| Oct 2, 2025 | Robert E DixonCEO/President | Bought | 14,000 | $5.06 | $0.1M | Form 4 |
| Oct 2, 2025 | Jeri Ruth BluthChief Compliance Officer | Bought | 14,000 | $5.06 | $0.1M | Form 4 |
| Oct 2, 2025 | Angche SherpaChief Financial Officer | Bought | 14,000 | $5.06 | $0.1M | Form 4 |
| Oct 2, 2025 | Glen W FullerTreasurer | Bought | 14,000 | $5.06 | $0.1M | Form 4 |
| Oct 2, 2025 | Charles E. Patterson IIGeneral Counsel/Secretary, Director | Bought | 14,000 | $5.06 | $0.1M | Form 4 |
| Oct 2, 2025 | Christine Elizabeth SimpsonChief Portfolio Manager | Bought | 14,000 | $5.06 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· MacKenzie Realty Capital, Inc. owes $147M more than it holds in cash.
Cash, debt and the ratios that show how comfortably MacKenzie Realty Capital, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $7.4M | $17.2M | $11.9M | $3.6M | $3.5M |
| Debt incl. finance leases | $19.6M | β | $119M | $137M | $150M |
| Debt / equity | 0.2x | β | 1.4x | 2.3x | 3.4x |
| Interest coverage | β | β2.8x | β | β | β |
| Total assets | $183M | $213M | $233M | $236M | $235M |
| Total liabilities | $78.3M | $102M | $125M | $142M | $156M |
| Shareholders' equity | $97.9M | $98.9M | $82.4M | $59.9M | $43.8M |
| Net debt (β = net cash) | $12.2M | β | $107M | $134M | $147M |
KIRA Β· Its return on capital was β6.5%: every 100 invested in the business earned about β7 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· MacKenzie Realty Capital, Inc. passes 2 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY19 | FY20 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β |
| F-score | β / 3 | β / 4 | β / 3 | β / 6 | 2 / 7 | 2 / 7 |
| Accruals ratio | β | β9.6% | 1.5% | β4.8% | β9.5% | β4.6% |
| Altman Z'' | β | β | β | β | β | β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY19 | FY20 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | β | β | β | $15.1M | $15.7M | $22.1M | $20.0M |
| Operating income | β | β | β | β$19.9M | β$9.9M | β$23.5M | β$15.6M |
| Interest expense | β | β | β | $7.1M | β | β | β |
| Pretax income | $5.6M | $3.5M | β | β | β | β | β |
| Income tax | β$0.0M | $0.0M | β | β | β | β | β |
| Net income | $2.9M | β$11.7M | β | β$3.7M | β$11.2M | β$24.0M | β$14.1M |
| Net income to common | β | β | β | β$4.8M | β$13.2M | β$27.3M | β$19.1M |
| Diluted EPS | $0.29 | β$0.96 | β | β$0.36 | β$9.95 | β$18.66 | β$9.54 |
| Diluted shares | 0.01B | 0.01B | β | 0.01B | 0.00B | 0.00B | 0.00B |
| Cash flow | |||||||
| Cash from operations | β$22.2M | β$1.7M | β | β$6.6M | β$0.6M | β$1.7M | β$3.3M |
| Depreciation and amortization | β | β | β | $5.3M | $7.2M | $11.4M | $9.1M |
| Stock-based compensation | β | β | β | β | $0.0M | $0.7M | $0.0M |
| Dividends paid | $3.8M | $4.5M | β | $3.8M | $5.2M | $4.8M | $0.0M |
| Dividends and buybacks | $3.8M | $4.5M | β | $3.8M | $5.2M | $4.8M | $0.0M |
| Balance sheet | |||||||
| Cash and short-term investments | $1.3M | $9.0M | $7.4M | $17.2M | $11.9M | $3.6M | $3.5M |
| Total debt | β | β | $19.6M | β | $117M | $135M | $148M |
| Finance lease liabilities | β | β | $0.0M | $0.6M | $1.9M | $1.9M | $1.7M |
| Intangible assets | β | β | $2.3M | $5.6M | $6.6M | $4.0M | $2.9M |
| Total assets | β | $104M | $183M | $213M | $233M | $236M | $235M |
| Total liabilities | β | $0.9M | $78.3M | $102M | $125M | $142M | $156M |
| Preferred stock | β | β | $0.0M | $0.0M | β | β | β |
| Shareholders' equity | β | β | $97.9M | $98.9M | $82.4M | $59.9M | $43.8M |
| Margins | |||||||
| Operating margin | β | β | β | β131.5% | β63.0% | β106.4% | β78.0% |
| EBITDA margin | β | β | β | β96.6% | β17.6% | β54.5% | β32.3% |
| Net margin | β | β | β | β24.4% | β71.3% | β108.7% | β70.6% |
| Returns | |||||||
| Return on capital | β | β | β | β | β4.2% | β9.7% | β6.5% |
| Return on equity | β | β | β | β3.8% | β12.4% | β33.7% | β27.3% |
| Return on assets | β | β11.3% | β | β1.9% | β5.0% | β10.2% | β6.0% |
| Return on tangible equity | β | β | β | β5.1% | β17.5% | β49.0% | β46.7% |
| Growth | |||||||
| Revenue growth | β | β | β | β | 4.2% | 40.2% | β9.3% |
| Net income growth | β | β506.4% | β | β | β | β | β |
| EPS growth | β | β431.0% | β | β | β | β | β |
| Share count change | β | 22.6% | β | β | β90.0% | 10.2% | 36.6% |
| Financial health | |||||||
| Debt / equity | β | β | 0.2x | β | 1.4x | 2.3x | 3.4x |
| Interest coverage | β | β | β | β2.8x | β | β | β |
| Capital allocation | |||||||
| Stock comp / revenue | β | β | β | β | 0.0% | 3.0% | 0.0% |
| Quality scores | |||||||
| Piotroski F-score | β | β | β | β | β | 2.0 | 2.0 |
| Accruals ratio | β | β9.6% | β | 1.5% | β4.8% | β9.5% | β4.6% |
Source: SEC EDGAR XBRL filings (CIK 0001550913). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
