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.
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