MacKenzie Realty Capital (MKZR)
Owns suburban offices and California apartments while investing in illiquid real-estate securities.
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Generates rent from suburban offices and California apartments, supplemented by income and gains from illiquid real-estate securities. An external management platform runs operations, investing and administration while commercial properties contribute most segment revenue.
Combines a commercial segment of suburban office and medical-office properties with a residential segment of California apartment communities. Most operating properties are in California, with a commercial asset in Georgia; the portfolio also includes a smaller book of debt and equity real-estate securities. Rental income comes from operating leases, tenant reimbursements and other property income, while securities seek investment income and gains.
Sources properties and securities through an opportunistic, value-oriented approach that targets income-producing assets below the advisers’ estimate of underlying real-estate value. Affiliated advisers and a manager supply the officers, property oversight, investing and administration; their related-party agreements create dependence on these service providers and potential allocation conflicts. Property-level mortgages, other notes and equity capital finance the portfolio.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Mar 31, 2026Cash & short-term investments $4.3M · Total debt $146.0M · Total assets $239.4M · Shareholders' equity $50.8M
- Revenue
- $5.4M
- Operating income
- $324.8K
- Net income
- −$1.6M
Last cut to $0.05 from $0.125 in Dec 2024.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Mar 31, 2025 | Mar 31 | Apr 25 | $0.05 | |
| Dec 31, 2024 | Dec 31 | Jan 24 | $0.05 | cut from $0.125 |
| Sep 30, 2024 | Sep 30 | Oct 31 | $0.125 | |
| Jun 30, 2024 | Jun 30 | Jul 26 | $0.125 | |
| Jun 28, 2024 | Jun 30 | Jul 26 | $0.125 | |
| Sep 28, 2023 | Sep 30 | Oct 30 | $0.125 |
| Institutions2 holders · as of Sep 30, 2025 | 1.18% | 26.6K shares | |
| Insiders6 holders · as of Aug 11, 2026 | 31.38% | 707.6K shares | |
| Otherremainder | 67.44% | 1.52M shares |
2.26M company shares as of Sep 3, 2026 · institutions as of Sep 30, 2025 · holders as of their latest filing
A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Robert E. Dixon1Insiderofficer: CEO/President | 10.94% | 246,665 | 13Dfiled Aug 11, 2026 ↗ |
Glen W. FullerInsiderofficer: Treasurer | 4.43% | 100,000 | Form 4filed Aug 10, 2026 ↗ |
Charles E. Ii PattersonInsiderdirector, officer: General Counsel/Secretary | 4.43% | 100,000 | Form 4filed Aug 10, 2026 ↗ |
Christine Elizabeth SimpsonInsiderofficer: Chief Portfolio Manager | 3.86% | 87,105 | Form 4filed Oct 6, 2025 ↗ |
Angche SherpaInsiderofficer: Chief Financial Officer | 3.86% | 87,010 | Form 4filed Oct 6, 2025 ↗ |
| See all 13 → | |||
- Robert E. Dixon's transaction reports restate only vehicles that traded; the 2026 ownership statement (246.7K) is used instead.
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Robert E. Dixon | officer: CEO/President | +23,400 | $1.60 |
| Aug 7, 2026 | Robert E. Dixon | officer: CEO/President | +10,000 | $1.59 |
| Aug 10, 2026 | Glen W. Fuller | officer: Treasurer | +23,400 | $1.60 |
| Aug 7, 2026 | Glen W. Fuller | officer: Treasurer | +10,000 | $1.59 |
| Aug 10, 2026 | Charles E. Ii Patterson | director, officer: General Counsel/Secretary | +23,400 | $1.60 |
- Kilroy Realty
California office landlord with a far larger leasing and acquisition platform.
- Hudson Pacific Properties
West Coast Class A office owner competing for tenants and acquisitions.
- Essex Property Trust
West Coast apartment REIT competing across California multifamily markets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MacKenzie Realty Capital | $1.50 | +0.67% | $3.3M | — | — | 0.2 | — |
| Kilroy Realty | $36.40 | −0.11% | $4.24B | 25.5 | 86.6 | 3.9 | −6.0% |
| Hudson Pacific Properties | $13.08 | −0.04% | $709.5M | — | — | 0.9 | −0.9% |
| Essex Property Trust | $277.29 | −0.02% | $17.82B | 43.1 | 46.2 | 9.2 | +3.6% |
| Median | 34.3 | 66.4 | 3.9 | −0.9% |