MacKenzie Realty Capital Q3 FY 2025: Revenue Up 5%, Net Loss Widens to $6.1M, Dividend Suspended

Reuters
2025/05/19
MacKenzie Realty Capital Q3 FY 2025: Revenue Up 5%, Net Loss Widens to $6.1M, Dividend Suspended

MacKenzie Realty Capital, Inc. reported its financial results for the third quarter ending March 31, 2025. The company announced net revenues of $4.3 million, marking an increase of 5% from $4.1 million in the same period of 2024. However, the net operating loss expanded to $5.8 million, compared to $2.7 million in the previous year. The net loss also increased, reaching $6.1 million, up from $2.9 million in the same period of 2024. The company reported negative funds from operations of $3.1 million for the quarter. In response to the current economic climate, the Board of Directors has decided to suspend the quarterly cash dividend previously paid to common stockholders. This decision aligns with the company's strategy to strengthen its balance sheet by reducing debt and improving free cash flow. Additionally, Mackenzie Realty Capital successfully raised $4.8 million from an institutional investor, enhancing its ability to support ongoing refinancing efforts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mackenzie Realty Capital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001550913-25-000073), on May 19, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10