MacKenzie Realty Capital Reports First Quarter 2026 Financial Results and Aurora Lease-up

About this update from Mackenzie Realty Capital, Inc.

[{"type":"image","alt":"MacKenzie Capital Management, LP","displaySize":"","headline":null,"caption":"MacKenzie Capital Management, LP","className":"","disableSlideshowImg":false,"size":{"original":{"width":267,"height":121,"url":"https://media.zenfs.com/en/globenewswire.com/3adfb30815226313598dbebf1acddedb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gPkO04qy3qg.Fv_OJimT7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE5MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/3adfb30815226313598dbebf1acddedb","width":267,"height":121}},"lazy":false},{"type":"text","content":"ORINDA, Calif., Nov. 18, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) today announced its financial results for the first quarter ended September 30, 2025 and announced its Aurora at Green Valley is now over 50% leased.","length":276,"tagName":"p"},{"type":"text","content":"Key Financial Highlights:Operating Results for the Quarter Ended September 30, 2025:","length":85,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net revenues for quarter ended September 30, 2025, were $4.54 million, a decrease of 8.3% from $4.95 million in the same period of 2024.","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"Net operating loss was $3.49 million, as compared to a net operating loss of $7.4 million in the same period of 2024, a decrease of 53%.","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss was $3.05 million, compared to a $7.41 million loss in the same period of 2024.","length":88,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company had negative $1.93 million of funds from operations (“FFO”) for the quarter compared to negative $0.58 million in the same period of 2024. The net loss of $3.05 million was adjusted for $2.2 million in depreciation expense and $1.08 million of unrealized gain from investments. Further, adding back straight line rent adjustments, amortization of below market lease rent, amortization of loan fees, and unusual or one-time transactions such as marketing share issuances related to our listing, the adjusted FFO (“AFFO”) would be negative $1.72 million for the quarter compared to negative $0.47 million for the same period in 2024.","length":643,"tagName":"p"}]},{"val":[{"type":"text","content":"Construction at Aurora at Green Valley is now...

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