Core Insights - MacKenzie Realty Capital, Inc. reported financial results for the year ended June 30, 2025, highlighting a significant increase in net revenues and improvements in funds from operations (FFO) and adjusted funds from operations (AFFO) [1][2][6] Financial Performance - Net revenues for the year ended June 30, 2025, were $22.06 million, representing a 40% increase from $15.74 million in the same period of 2024 [6] - The net operating loss was $23.46 million, compared to a net operating loss of $9.92 million in the same period of 2024 [6] - The net loss for the year was $23.97 million, an increase from a loss of $11.22 million in the same period of 2024 [6] - Negative FFO improved to negative $2.32 million, a 53% reduction from negative $4.93 million in the previous year [6] - Negative AFFO was reported at negative $0.69 million, an 84% improvement from negative $4.25 million in the same period of 2024 [6][10] Operational Developments - The construction of Aurora at Green Valley has been completed, with the property now 31% leased [1][6] - The company remains focused on executing growth initiatives while maintaining financial discipline to create sustained value [2] Company Overview - MacKenzie Realty Capital, founded in 2013, is a West Coast-focused REIT that invests at least 80% of its total assets in real property, with a portfolio that includes multifamily and boutique class A office properties [4] - The company has consistently paid dividends since its inception and currently holds interests in 4 multifamily properties and 8 office properties, along with 2 multifamily developments [4]
MacKenzie Realty Capital Reports FY 2025 Financial Results and Announces Completion of Development