MacKenzie Realty Capital, Inc. Common Stock
MacKenzie, founded in 2013, is a West Coast-focused REIT that intends to invest at least 80% of its total assets in real property, and up to a maximum of 20% of its total assets in illiquid real estate securities. We intend for the real property portfolio to be approximately 50% multifamily and 50% boutique class A office. The Company has paid a dividend every year since inception. The current po… Read more
MacKenzie Realty Capital, Inc. Common Stock (MKZR) - Net Assets
Latest net assets as of March 2025: $97.92 Million USD
Based on the latest financial reports, MacKenzie Realty Capital, Inc. Common Stock (MKZR) has net assets worth $97.92 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($237.14 Million) and total liabilities ($139.22 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $97.92 Million |
| % of Total Assets | 41.29% |
| Annual Growth Rate | 1.12% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.6 |
MacKenzie Realty Capital, Inc. Common Stock - Net Assets Trend (2020–2024)
This chart illustrates how MacKenzie Realty Capital, Inc. Common Stock's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MacKenzie Realty Capital, Inc. Common Stock (2020–2024)
The table below shows the annual net assets of MacKenzie Realty Capital, Inc. Common Stock from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $107.95 Million | -2.76% |
| 2023-06-30 | $111.01 Million | +6.51% |
| 2022-06-30 | $104.22 Million | +7.05% |
| 2021-06-30 | $97.36 Million | -5.68% |
| 2020-06-30 | $103.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MacKenzie Realty Capital, Inc. Common Stock's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4148418400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $137.07 Million | 166.44% |
| Total Equity | $82.36 Million | 100.00% |
MacKenzie Realty Capital, Inc. Common Stock Competitors by Market Cap
The table below lists competitors of MacKenzie Realty Capital, Inc. Common Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Transtouch Technology
TWO:3623
|
$11.08 Million |
|
Silvergate Capital Corp
PINK:SICPQ
|
$11.08 Million |
|
Eidesvik Offshore ASA
OL:EIOF
|
$11.08 Million |
|
Neptis
WAR:YAN
|
$11.09 Million |
|
Pluri Inc.
NASDAQ:PLUR
|
$11.07 Million |
|
TPBI PCL
BK:TPBI
|
$11.07 Million |
|
Medicus Pharma Ltd. Warrant
NASDAQ:MDCXW
|
$11.07 Million |
|
Dgenx Co. Ltd
KQ:113810
|
$11.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MacKenzie Realty Capital, Inc. Common Stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 98,908,132 to 82,358,347, a change of -16,549,785 (-16.7%).
- Net loss of 12,077,497 reduced equity.
- Dividend payments of 6,078,066 reduced retained earnings.
- Share repurchases of 1,475,044 reduced equity.
- New share issuances of 3,368,899 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-12.08 Million | -14.66% |
| Dividends Paid | $6.08 Million | -7.38% |
| Share Repurchases | $1.48 Million | -1.79% |
| Share Issuances | $3.37 Million | +4.09% |
| Other Changes | $-288.08K | -0.35% |
| Total Change | $- | -16.73% |
Book Value vs Market Value Analysis
This analysis compares MacKenzie Realty Capital, Inc. Common Stock's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.23x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $7.76 | $1.40 | x |
| 2021-06-30 | $7.30 | $1.40 | x |
| 2022-06-30 | $7.35 | $1.40 | x |
| 2023-06-30 | $7.47 | $1.40 | x |
| 2024-06-30 | $6.19 | $1.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MacKenzie Realty Capital, Inc. Common Stock utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -76.75%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.83x
- Recent ROE (-14.66%) is below the historical average (-6.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -11.36% | -134.31% | 0.08x | 1.01x | $-22.05 Million |
| 2022 | 4.66% | 44.02% | 0.06x | 1.87x | $-5.22 Million |
| 2023 | -4.14% | -27.12% | 0.07x | 2.16x | $-13.99 Million |
| 2024 | -14.66% | -76.75% | 0.07x | 2.83x | $-20.31 Million |
Industry Comparison
This section compares MacKenzie Realty Capital, Inc. Common Stock's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $1,431,457,758
- Average return on equity (ROE) among peers: 3.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MacKenzie Realty Capital, Inc. Common Stock (MKZR) | $97.92 Million | -11.36% | 1.42x | $11.08 Million |
| American Assets Trust Inc (AAT) | $189.17 Million | -3.71% | 4.13x | $997.50 Million |
| Armada Hflr Pr (AHH) | $-37.40 Million | 0.00% | 0.00x | $449.55 Million |
| Armada Hoffler Properties, Inc. (AHRT-PA) | $805.18 Million | 1.03% | 2.18x | $1.76 Billion |
| Precinct Properties New Zealand Limited (AOTUF) | $390.30 Million | 1.91% | 0.25x | $1.05 Billion |
| Artis REIT (ARESF) | $4.10 Million | 0.00% | 1.29x | $228.58 Million |
| Ascott Residence Trust (ATTRF) | $3.13 Billion | 4.71% | 0.70x | $1.70 Billion |
| Broadstone Net Lease Inc (BNL) | $1.28 Billion | 4.27% | 1.01x | $3.74 Billion |
| British Land Company Plc (BRLAF) | $4.11 Billion | 3.88% | 1.12x | $5.24 Billion |
| Icade SA (CDMGF) | $1.16 Billion | 6.10% | 1.97x | $700.47 Million |
| Charter Hall Long WALE REIT (CHLWF) | $3.28 Billion | 18.86% | 0.43x | $1.19 Billion |