Quarterly ResultMay 15, 2026, 03:27 PM
MacKenzie Realty Capital Returns to FFO Profitability in Q1 2026
AI Summary
MacKenzie Realty Capital, Inc. announced its financial results for the fiscal quarter ended March 31, 2026, reporting a significant return to FFO and AFFO profitability. Net revenues increased by 27% to $5.4 million, while net loss substantially decreased to $0.99 million. Additionally, the company's Aurora at Green Valley property is now stabilized and over 90% leased, and a profitable investment in CNL Healthcare Properties, Inc. yielded $523,458.
Key Highlights
- Net revenues for Q1 2026 were $5.4 million, a 27% increase from $4.3 million in Q1 2025.
- Net operating loss improved to $2.5 million, compared to $5.8 million in Q1 2025.
- Net loss was $0.99 million, a significant reduction from $6.1 million in Q1 2025.
- Funds from Operations (FFO) turned positive at $308,040, compared to negative $3.2 million in Q1 2025.
- Adjusted FFO (AFFO) was positive $537,514, compared to negative $2.3 million in Q1 2025.
- The Aurora at Green Valley property is now stabilized and over 90% leased.
- The company realized a profit of $523,458 from the sale of CNL Healthcare Properties, Inc. shares.
Price Impact
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