<a href="https://laohu8.com/S/MKZR">Mackenzie Realty</a> Capital Inc. Reports Net Realized Gain of $0.13 Million for Fiscal Year Ended June 30, 2025, Versus $3.02 Million Net Realized Loss in Prior Year; Other Operating Expenses Increase Due to Property Acquisition and New Services
Mackenzie Realty Capital Inc. reported its results for the fiscal year ended June 30, 2025. The company recorded a net realized gain of $0.13 million from the sale of three non-traded REIT securities and a limited partnership interest, compared to a net realized loss of $3.02 million in the prior year, which was primarily due to the write-off of two limited partnership interests. Other operating expenses increased to $4.55 million from $1.80 million in the previous year, attributed to the acquisition of a commercial property (Green Valley Medical Center) and higher general and administrative, consulting, and marketing expenses. The company's rental revenue, net of concessions, continued to be recognized on a straight-line basis over the term of each lease when collectability was probable. No outlook or guidance for future periods was provided in the report.
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