Mackenzie Realty Capital (MKZR)


Market Price (10/5/2026): $1.37 | Market Cap: $3.2 MilSector: Real Estate | Industry: Diversified REITs

Mackenzie Realty Capital (MKZR)


Market Price (10/5/2026): $1.37
Market Cap: $3.2 Mil
Sector: Real Estate
Industry: Diversified REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -60%

Weak multi-year price returns
2Y Excs Rtn is -131%, 3Y Excs Rtn is -178%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -4.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -20%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 4598%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.3%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -564%

Key risks
MKZR key risks include [1] precarious financial health marked by high leverage, Show more.

0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -60%
1 Weak multi-year price returns
2Y Excs Rtn is -131%, 3Y Excs Rtn is -178%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -4.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -20%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 4598%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.3%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -564%
7 Key risks
MKZR key risks include [1] precarious financial health marked by high leverage, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 10/1/2026

Mackenzie Realty Capital (MKZR) stock has lost about 20% since 6/30/2026 because of the following key factors:

1. Suspension of Preferred Share Repurchase Program to Explore Strategic Alternatives.

On September 30, 2026, Mackenzie Realty Capital (MKZR) announced the temporary suspension of its Preferred Share Repurchase Program. The company stated this was done to facilitate its ability to pursue potential strategic transactions, including reverse takeovers, and explicitly noted that the issuance of common stock in exchange for preferred shares had created "additional selling pressure on the Company's common stock."

2. Decline in Fiscal Year 2026 Net Revenues.

For the fiscal year ended June 30, 2026, Mackenzie Realty Capital reported net revenues of $20.01 million, representing a 9% decrease from $22.06 million in the prior fiscal year. This decline was primarily attributed to approximately $3.0 million of lease termination income recognized in fiscal year 2025 that did not recur in fiscal year 2026.

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Updated on 10/1/2026

Mackenzie Realty Capital (MKZR) stock has lost about 20% since 6/30/2026 because of the following key factors:

1. Suspension of Preferred Share Repurchase Program to Explore Strategic Alternatives.

On September 30, 2026, Mackenzie Realty Capital (MKZR) announced the temporary suspension of its Preferred Share Repurchase Program. The company stated this was done to facilitate its ability to pursue potential strategic transactions, including reverse takeovers, and explicitly noted that the issuance of common stock in exchange for preferred shares had created "additional selling pressure on the Company's common stock."

2. Decline in Fiscal Year 2026 Net Revenues.

For the fiscal year ended June 30, 2026, Mackenzie Realty Capital reported net revenues of $20.01 million, representing a 9% decrease from $22.06 million in the prior fiscal year. This decline was primarily attributed to approximately $3.0 million of lease termination income recognized in fiscal year 2025 that did not recur in fiscal year 2026.

3. Persistent Macroeconomic Headwinds in the Real Estate Sector.

The broader real estate market during fiscal Q3 2026 (July to September 2026) faced challenges from elevated interest rates. For instance, the 30-year fixed mortgage rate averaged around 6.49% in early July 2026, with the Federal Reserve maintaining a target range of 3.50%-3.75% and projecting potentially higher rates. This environment contributed to a subdued housing market, with buyers becoming more selective due to global economic uncertainty, thereby impacting the real estate investment trust sector.

4. Significant Shareholder Dilution.

Shareholders of Mackenzie Realty Capital experienced substantial dilution over the past year, with the total number of outstanding shares increasing by 42.7%. This dilution puts downward pressure on the stock price per share, exacerbating the negative impact of company-specific news and broader market challenges during the specified period.

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Stock Movement Drivers

Fundamental Drivers

The -21.7% change in MKZR stock from 6/30/2026 to 10/4/2026 was primarily driven by a -14.7% change in the company's P/S Multiple.
(LTM values as of)630202610042026Change
Stock Price ($)1.711.34-21.7%
Change Contribution By: 
Total Revenues ($ Mil)19203.2%
P/S Multiple0.20.2-14.7%
Shares Outstanding (Mil)22-11.1%
Cumulative Contribution-21.7%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/4/2026
ReturnCorrelation
MKZR-21.7% 
Market (SPY)3.1%21.4%
Sector (XLRE)-7.3%29.4%

Fundamental Drivers

The -63.2% change in MKZR stock from 3/31/2026 to 10/4/2026 was primarily driven by a -57.9% change in the company's P/S Multiple.
(LTM values as of)331202610042026Change
Stock Price ($)3.641.34-63.2%
Change Contribution By: 
Total Revenues ($ Mil)18209.9%
P/S Multiple0.40.2-57.9%
Shares Outstanding (Mil)22-20.6%
Cumulative Contribution-63.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/4/2026
ReturnCorrelation
MKZR-63.2% 
Market (SPY)18.6%19.1%
Sector (XLRE)0.8%18.9%

Fundamental Drivers

The -72.8% change in MKZR stock from 9/30/2025 to 10/4/2026 was primarily driven by a -58.9% change in the company's P/S Multiple.
(LTM values as of)930202510042026Change
Stock Price ($)4.921.34-72.8%
Change Contribution By: 
Total Revenues ($ Mil)2220-9.3%
P/S Multiple0.40.2-58.9%
Shares Outstanding (Mil)22-27.0%
Cumulative Contribution-72.8%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/4/2026
ReturnCorrelation
MKZR-72.8% 
Market (SPY)16.5%10.6%
Sector (XLRE)-0.6%7.3%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/4/2026
ReturnCorrelation
MKZR  
Market (SPY)86.2%-0.3%
Sector (XLRE)31.6%2.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MKZR Return----37%-87%-66%-97%
Peers Return0%-42%6%227%-27%-32%-1%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
MKZR Win Rate---50%8%22% 
Peers Win Rate50%28%43%50%42%33% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
MKZR Max Drawdown-----98%-79% 
Peers Max Drawdown-30%-49%-39%-35%-46%-45% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SQFT, GIPR, MDRR, ESS, KRC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/2/2026 (YTD)

How Low Can It Go

EventMKZRS&P 500
2024 Yen Carry Trade Unwind
  % Loss-20.3%-7.8%
  % Gain to Breakeven25.5%8.5%
  Time to Breakeven3 days18 days

Compare to SQFT, GIPR, MDRR, ESS, KRC

In The Past

Mackenzie Realty Capital's stock fell -20.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 25.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventMKZRS&P 500
2024 Yen Carry Trade Unwind
  % Loss-20.3%-7.8%
  % Gain to Breakeven25.5%8.5%
  Time to Breakeven3 days18 days

Compare to SQFT, GIPR, MDRR, ESS, KRC

In The Past

Mackenzie Realty Capital's stock fell -20.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 25.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Mackenzie Realty Capital (MKZR)

MacKenzie Realty Capital, Inc. (MKZR) operates as a Real Estate Investment Trust (REIT). The company was incorporated in January 2012 and officially commenced its operations in February 2013, having elected to be treated as a REIT under the provisions of the U.S. Internal Revenue Code.

As a REIT, MKZR's core business involves owning, operating, or financing a portfolio of income-producing real estate assets. While the specific types of properties are not detailed, a REIT typically generates its revenue primarily through rental income from its properties or interest earned on real estate-related investments, allowing investors to participate in the real estate market indirectly.

MKZR's primary customers are investors who wish to gain exposure to the real estate sector. By offering common and preferred stock, the company provides a vehicle for investors to access a diversified real estate portfolio, benefiting from potential income streams and capital appreciation typically associated with real estate investments, all within a publicly traded corporate structure.

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  • Vanguard for real estate investments.
  • Like a Fidelity fund, but focused on owning and managing a portfolio of income-generating properties.
  • Blackstone for the everyday investor, making property ownership accessible through shares.

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  • Real Estate Portfolio Management: MacKenzie Realty Capital operates as a real estate investment trust (REIT), primarily engaged in the acquisition, management, and operation of a portfolio of income-generating real estate assets.

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MacKenzie Capital Management, LP

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Robert E. Dixon, Chief Executive Officer & President

Mr. Dixon serves as the Chief Executive Officer & President of MacKenzie Realty Capital, Inc., guiding the company's overall direction, fostering its growth, and ensuring its continued success in the real estate investment landscape. He possesses extensive experience in real estate finance, investment management, and corporate strategy. He has also reported open-market purchases of the company's common stock, increasing his direct and indirect holdings. Mr. Dixon holds interests in MacKenzie Real Estate Advisers, LP and MPF Successors, LP.

Angche Sherpa, Chief Financial Officer & Treasurer

Mr. Sherpa serves as the Chief Financial Officer & Treasurer for MacKenzie Realty Capital, Inc., where he is responsible for the company's financial strategy, fiscal management, and the stewardship of its financial assets. He has extensive expertise in corporate finance, accounting, and treasury operations, particularly within the context of real estate investment. Mr. Sherpa oversees all financial reporting, budgeting, forecasting, and cash management activities. He was appointed Chief Financial Officer in July 2021, having been employed by the company's administrator, MacKenzie Capital Management, LP, since 2012. Prior to his appointment as CFO, he served as Director of Accounting and Financial Reporting for MacKenzie. He graduated from San Francisco State University in 2006 with a Bachelor of Science degree in Business Administration (Accounting). Mr. Sherpa also has indirect holdings through MacKenzie Real Estate Advisers, LP and MPF Successors, LP.

Glen William Fuller, Chief Operating Officer

Mr. Fuller is the Chief Operating Officer at MacKenzie Realty Capital, Inc., overseeing day-to-day operations and ensuring the efficient execution of the company's strategic initiatives. He brings a comprehensive understanding of operational management and experience in the real estate industry to his role.

Jeri Ruth Bluth, Chief Compliance Officer

Ms. Bluth holds the position of Chief Compliance Officer at MacKenzie Realty Capital, Inc., where she is responsible for establishing and overseeing the company's comprehensive compliance program. She ensures that all operations, investments, and business practices adhere to relevant laws, regulations, and internal policies. Ms. Bluth has a deep understanding of the financial services industry, particularly within real estate investment.

Christine Elizabeth Simpson, Chief Portfolio Manager

Ms. Simpson is the Chief Portfolio Manager at MacKenzie Realty Capital, Inc., a pivotal role in driving the company's investment strategy and performance. She possesses a profound understanding of real estate markets, asset management, and investment analytics, and is instrumental in identifying, evaluating, and executing investment opportunities.

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The key risks to MacKenzie Realty Capital (MKZR) primarily revolve around its financial health, the inherent illiquidity of its real estate assets, and the complexities of maintaining its REIT status.

  1. High Debt Levels, Liquidity Concerns, and Deteriorating Profitability: MacKenzie Realty Capital faces substantial financial risks due to its high debt load, significantly exceeding industry averages with a 144% debt-to-equity ratio. This excessive leverage, coupled with a low current ratio of 0.14, indicates serious short-term liquidity concerns. The company has experienced widening net losses, which doubled in the prior year to $23.97 million, and has suspended its quarterly common stock dividend after Q3 2025, further highlighting profitability challenges. These financial strains, including high debt obligations, have contributed to a significant decline in its stock price.
  2. Illiquidity of Real Estate Investments and Competitive Market Conditions: As a real estate investment trust, a fundamental risk for MacKenzie Realty Capital is the illiquidity of its real estate investments. This illiquidity can severely hinder the company's ability to respond swiftly to adverse changes in property performance or market conditions. The real estate market is highly competitive, making it challenging for the company to identify and acquire attractive investment opportunities on favorable terms. Furthermore, the company has faced a liquidity crisis due to suspensions of share repurchase programs, trapping investors.
  3. REIT Compliance and Taxation Risks: MacKenzie Realty Capital's election to be treated as a real estate investment trust (REIT) requires strict compliance with complex Internal Revenue Code regulations. Any failure to maintain its REIT status would lead to significantly higher corporate taxes, thereby reducing cash available for distribution to stockholders. Additionally, the need to comply with REIT requirements may force the company to forgo potentially attractive investment opportunities or necessitate the liquidation of investments, which could negatively impact its portfolio strategy and returns.

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The addressable market for MacKenzie Realty Capital (MKZR), a real estate investment trust (REIT) focused on acquiring and managing diverse real estate assets, can be assessed by examining the overall U.S. REIT market.

MacKenzie Realty Capital's investment strategy includes a focus on multifamily and office properties, with mentions of single-family rental communities, garden-style apartment complexes, mixed-use developments, and, more broadly, residential, commercial, and industrial properties. They also invest in illiquid real estate securities, including non-traded REITs and limited partnerships.

As of 2024, U.S. REITs collectively own more than $4.5 trillion in gross real estate assets. Public REITs specifically hold $2.5 trillion in assets, with U.S. listed REITs having an equity market capitalization exceeding $1.4 trillion. The North American REIT market itself was estimated at approximately $292.59 billion in 2026, with the United States accounting for a significant portion of this market.

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MacKenzie Realty Capital (MKZR) anticipates several key drivers of revenue growth over the next two to three years:

  1. Leasing and Stabilization of Multifamily Developments: The completion and ongoing lease-up of new multifamily projects, such as Aurora at Green Valley, are expected to significantly contribute to future rental income. As of September 30, 2025, the Aurora at Green Valley property was over 50% leased, with its clubhouse and residential buildings having received certificates of occupancy. This increasing occupancy rate will directly translate into higher net revenues.
  2. Strategic Initiatives within MacKenzie Apartment Communities, Inc. (MAC): Effective January 1, 2026, MacKenzie Realty Capital reorganized its multifamily assets into a newly created, wholly-owned subsidiary, MacKenzie Apartment Communities, Inc. (MAC). This strategic move opens avenues for revenue growth through potential capital raises specifically for multifamily assets, mergers with other multifamily-focused REITs, or spinning off MAC shares, all aimed at enhancing shareholder value and expanding the multifamily portfolio.
  3. Targeted Acquisitions of Real Property and Real Estate Securities: MacKenzie's core investment strategy focuses on acquiring real property, with an approximate 50% allocation to multifamily and 50% to boutique Class A office properties on the West Coast. The company also intends to invest up to 20% of its assets in illiquid real estate securities. A focus on off-market and value-add opportunities, combined with extensive experience in acquiring undervalued real estate securities, indicates a continued growth strategy through strategic acquisitions.
  4. Improvement in Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO): MacKenzie Realty Capital is actively working towards achieving FFO profitability, having significantly reduced its negative FFO by over half and negative AFFO by 84% for the fiscal year ended June 30, 2025. This trajectory towards improved financial health and operational efficiency, although not a direct revenue driver, underpins sustainable revenue growth by enhancing the company's ability to fund new investments and manage existing properties more effectively.

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Share Repurchases

  • Information regarding the dollar amount of share repurchases made and authorized in the last 3-5 years is not explicitly available in the provided search results.

Share Issuance

  • The number of shares outstanding for MacKenzie Realty Capital increased by 26.95% in one year.
  • The company underwent a 1:10 reverse stock split on August 5, 2025.
  • MacKenzie Realty Capital has historically raised significant capital through offerings, including $119.10 million from common stock public offerings, $18.74 million from Series A preferred stock, $3.11 million from Series B preferred stock, and $0.45 million from preferred stock DRIP.

Inbound Investments

  • On March 6, 2026, MacKenzie Realty Capital announced it received $1.095 million in funding.

Outbound Investments

  • MacKenzie Realty Capital acquired the Green Valley Medical Center, which contributed to an increase in rental and reimbursement revenues.

Capital Expenditures

  • The company is actively constructing a multi-family residential community named Aurora at Green Valley.
  • MacKenzie Realty Capital is preparing to launch the Blue Ridge project, which will consist of 84 luxury multi-family units.

Better Bets vs. Mackenzie Realty Capital (MKZR)

Peer Outperformance in Diversified REITs

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Share of Diversified REITs constituents that MKZR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
14%
of 14 industry peers · -74.2% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Real Estate sector, ranked by 5Y. Diversified REITs is MKZR's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care REITs 15 12.2%55.3%66.2% WELL 214% · DHC 142% · CTRE 132%
Retail REITs 22 7.3%38.3%27.9% IVT 1496% · SKT 161% · SPG 99%
Other Specialized REITs 11 3.5%21.2%20.7% IRM 210% · LAMR 60% · EPR 56%
Real Estate Development 6 -16.2%16.7%12.7% JOE 58% · AXR 40% · FOR 33%
Hotel & Resort REITs 16 40.4%37.3%4.4% HST 74% · RHP 69% · DRH 50%
Industrial REITs 11 5.7%24.0%1.0% EGP 34% · FR 29% · PLD 18%
Diversified REITs ← 13 7.5%38.5%-7.6% CTO 71% · LXP 20% · WPC 18%
Single-Family Residential REITs 4 -4.9%-0.1%-17.0% AMH -9% · ELS -15% · INVH -19%
Multi-Family Residential REITs 13 -8.0%4.3%-24.0% ESS -1% · BRT -7% · AIV -11%
Real Estate Services 26 -21.9%-6.1%-28.8% REAX 792% · MDRR 541% · CHCI 296%
Office REITs 18 -14.4%29.3%-33.7% PSTL 71% · CDP 51% · HIW -5%
Telecom Tower REITs 3 -15.4%-11.8%-47.9% AMT -28% · SBAC -48% · CCI -51%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MKZRSQFTGIPRMDRRESSKRCMedian
NameMackenzi.Presidio.Generati.Medalist.Essex Pr.Kilroy R. 
Mkt Price1.371.300.4010.01268.6633.625.69
Mkt Cap0.00.00.00.017.33.90.0
Rev LTM20169101,9271,09418
Op Inc LTM-4-0-115612701
FCF LTM-311-1991-240-0
FCF 3Y Avg-21-10-1921-4-1
CFO LTM-31111,1185151
CFO 3Y Avg-21111,0595521

Growth & Margins

MKZRSQFTGIPRMDRRESSKRCMedian
NameMackenzi.Presidio.Generati.Medalist.Essex Pr.Kilroy R. 
Rev Chg LTM-9.3%-11.9%-6.7%-0.7%4.7%-3.8%-5.2%
Rev Chg 3Y Avg11.7%-3.0%23.4%-3.2%5.2%-1.2%2.0%
Rev Chg Q13.1%-12.9%-13.2%-26.6%4.1%-6.0%-9.5%
QoQ Delta Rev Chg LTM3.2%-3.4%-3.4%-6.4%1.0%-1.6%-2.5%
Op Inc Chg LTM26.3%-132.8%-80.5%101.6%0.6%-20.4%-9.9%
Op Inc Chg 3Y Avg0.5%38.5%-25.1%220.8%7.0%-7.1%3.7%
Op Mgn LTM-20.0%-0.8%-15.7%12.9%29.1%24.7%6.0%
Op Mgn 3Y Avg-22.9%-0.3%-11.1%10.9%28.9%27.7%5.3%
QoQ Delta Op Mgn LTM17.0%-1.0%-3.3%-0.4%-2.7%-2.1%-1.6%
CFO/Rev LTM-16.5%9.2%8.7%6.7%58.0%47.0%8.9%
CFO/Rev 3Y Avg-9.3%5.4%6.5%8.1%58.0%49.5%7.3%
FCF/Rev LTM-16.5%9.2%8.7%-11.8%51.4%-22.0%-1.6%
FCF/Rev 3Y Avg-9.3%5.4%-103.2%-5.6%50.5%-0.6%-3.1%

Valuation

MKZRSQFTGIPRMDRRESSKRCMedian
NameMackenzi.Presidio.Generati.Medalist.Essex Pr.Kilroy R. 
Mkt Cap0.00.00.00.017.33.90.0
P/S0.20.10.11.79.03.60.9
P/Op Inc-0.8-13.6-0.413.030.814.56.3
P/EBIT-0.8-1.20.51.224.711.70.8
P/E-0.2-0.2-0.12.141.723.11.0
P/CFO-1.01.20.724.915.47.64.4
Total Yield-559.7%-556.2%-1,029.9%53.8%6.2%10.9%-275.0%
Dividend Yield0.0%0.0%0.0%7.5%3.8%6.6%1.9%
FCF Yield 3Y Avg-81.7%79.6%-34.0%-17.1%5.1%0.1%-8.5%
D/E46.046.9105.30.60.41.223.6
Net D/E44.943.4101.7-1.10.41.122.3

Returns

MKZRSQFTGIPRMDRRESSKRCMedian
NameMackenzi.Presidio.Generati.Medalist.Essex Pr.Kilroy R. 
1M Rtn-9.9%-1.5%-25.8%-17.3%-2.7%-8.0%-8.9%
3M Rtn-23.0%-49.5%-77.3%-12.6%-9.1%-13.1%-18.1%
6M Rtn-59.2%-46.5%-85.2%-10.4%10.6%21.8%-28.4%
12M Rtn-73.6%-77.2%-97.6%-22.2%5.6%-15.6%-47.9%
3Y Rtn-97.2%-82.5%-99.0%906.1%41.4%35.4%-23.5%
1M Excs Rtn-8.2%-10.5%0.8%-18.7%-2.9%-7.1%-7.6%
3M Excs Rtn-20.5%-51.8%-79.2%-12.7%-11.4%-15.6%-18.0%
6M Excs Rtn-76.9%-65.6%-100.9%-27.0%-6.7%4.5%-46.3%
12M Excs Rtn-87.6%-93.1%-109.2%-41.4%-10.3%-30.1%-64.5%
3Y Excs Rtn-179.7%-170.7%-172.3%828.6%-36.6%-48.9%-109.8%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2026202520242022
Commercial1316  
Residential76  
Corporate/Other00  
Single Segment  1610
Total20221610


Operating Income by Segment
$ Mil20262025
Residential-3-3
Commercial-5-13
Corporate/Other-7-7
Total-16-23


Assets by Segment
$ Mil20262025
Commercial12562
Residential107102
Corporate/Other471
Total235236


Price Behavior

Price Behavior
Market Price$1.34 
Market Cap ($ Bil)0.0 
First Trading Date05/14/2024 
Distance from 52W High-77.1% 
   50 Days200 Days
DMA Price$1.43$2.75
DMA Trenddowndown
Distance from DMA-6.4%-51.4%
 3M1YR
Volatility87.8%84.9%
Downside Capture212.92174.53
Upside Capture29.44-12.87
Correlation (SPY)22.4%10.6%
MKZR Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.273.571.781.280.70-0.62
Up Beta3.066.294.431.981.35-0.09
Down Beta-4.18-0.381.310.92-0.053.76
Up Capture-22%424%18%-20%-9%-2%
Bmk +ve Days6162766132424
Stock +ve Days9202648106249
Down Capture196%184%173%226%139%109%
Bmk -ve Days16263760120328
Stock -ve Days12213573136302

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MKZR
MKZR-72.9%85.5%-1.15-
Sector ETF (XLRE)-0.6%14.1%-0.287.3%
Equity (SPY)16.2%13.0%0.8810.6%
Gold (GLD)6.8%29.6%0.227.6%
Commodities (DBC)44.9%20.8%1.67-5.9%
Real Estate (VNQ)1.5%13.6%-0.157.8%
Bitcoin (BTCUSD)-28.9%44.3%-0.6415.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MKZR
MKZR-56.2%591.9%0.39-
Sector ETF (XLRE)0.9%19.1%-0.061.2%
Equity (SPY)13.1%17.2%0.580.3%
Gold (GLD)18.4%18.9%0.790.5%
Commodities (DBC)10.3%19.6%0.41-3.6%
Real Estate (VNQ)0.7%18.8%-0.071.9%
Bitcoin (BTCUSD)14.6%52.2%0.45-0.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MKZR
MKZR-33.8%591.9%0.39-
Sector ETF (XLRE)5.6%20.4%0.231.2%
Equity (SPY)15.3%17.9%0.720.3%
Gold (GLD)11.5%16.4%0.570.5%
Commodities (DBC)8.2%18.1%0.37-3.6%
Real Estate (VNQ)4.2%20.7%0.161.9%
Bitcoin (BTCUSD)64.1%66.2%1.04-0.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 8312026-44.7%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1.8 days
Basic Shares Quantity2.3 Mil
Short % of Basic Shares0.6%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202609/28/202610-K
03/31/202605/15/202610-Q
12/31/202502/17/202610-Q
09/30/202511/14/202510-Q
06/30/202509/29/202510-K
03/31/202505/15/202510-Q
12/31/202402/14/202510-Q
09/30/202411/14/202410-Q
06/30/202409/27/202410-K
03/31/202405/15/202410-Q
12/31/202302/13/202410-Q
09/30/202311/13/202310-Q
06/30/202309/28/202310-K
03/31/202305/15/202310-Q
12/31/202202/14/202310-Q
09/30/202211/14/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202609/28/202610-K
03/31/202605/15/202610-Q
12/31/202502/17/202610-Q
09/30/202511/14/202510-Q
06/30/202509/29/202510-K
03/31/202505/15/202510-Q
12/31/202402/14/202510-Q
09/30/202411/14/202410-Q
06/30/202409/27/202410-K
03/31/202405/15/202410-Q
12/31/202302/13/202410-Q
09/30/202311/13/202310-Q
06/30/202309/28/202310-K
03/31/202305/15/202310-Q
12/31/202202/14/202310-Q
09/30/202211/14/202210-Q
06/30/202209/28/202210-K
03/31/202205/13/202210-Q
12/31/202102/14/202210-Q
09/30/202111/12/202110-Q
06/30/202109/28/202110-K
03/31/202105/14/202110-Q
12/31/202002/22/202110-Q
09/30/202011/13/202010-Q

Insider Activity

Updated 8/10/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Dixon, Robert ECEO/PresidentBerniece Patterson Legacy TrustBuy81020261.6023,40037,440160,000Form
2Fuller, Glen WTreasurerBerniece Patterson Legacy TrustBuy81020261.6023,40037,440160,000Form
3Patterson, Charles E IIGeneral Counsel/SecretaryBerniece Patterson Legacy TrustBuy81020261.6023,40037,440160,000Form
4Dixon, Robert ECEO/PresidentBerniece Patterson Legacy TrustBuy81020261.5910,00015,900121,794Form
5Fuller, Glen WTreasurerBerniece Patterson Legacy TrustBuy81020261.5910,00015,900121,794Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Dixon, Robert ECEO/PresidentBerniece Patterson Legacy TrustBuy81020261.6023,40037,440160,000Form
2Fuller, Glen WTreasurerBerniece Patterson Legacy TrustBuy81020261.6023,40037,440160,000Form
3Patterson, Charles E IIGeneral Counsel/SecretaryBerniece Patterson Legacy TrustBuy81020261.6023,40037,440160,000Form
4Dixon, Robert ECEO/PresidentBerniece Patterson Legacy TrustBuy81020261.5910,00015,900121,794Form
5Fuller, Glen WTreasurerBerniece Patterson Legacy TrustBuy81020261.5910,00015,900121,794Form
6Patterson, Charles E IIGeneral Counsel/SecretaryBerniece Patterson Legacy TrustBuy81020261.5910,00015,900121,794Form
7Dixon, Robert ECEO/PresidentBerniece Patterson Legacy TrustBuy80420261.2030,00036,00079,920Form
8Fuller, Glen WTreasurerBerniece Patterson Legacy TrustBuy80420261.2030,00036,00079,920Form
9Patterson, Charles E IIGeneral Counsel/SecretaryBerniece Patterson Legacy TrustBuy80420261.2030,00036,00079,920Form
10Dixon, Robert ECEO/PresidentBerniece Patterson Legacy TrustBuy80420261.4136,60051,60651,606Form
11Fuller, Glen WTreasurerBerniece Patterson Legacy TrustBuy80420261.4136,60051,60651,606Form
12Patterson, Charles E IIGeneral Counsel/SecretaryBerniece Patterson Legacy TrustBuy80420261.4136,60051,60651,606Form
13Dixon, Robert ECEO/PresidentDirectBuy40720263.5010,00034,972189,692Form
14Dixon, Robert ECEO/PresidentDirectBuy22520263.645,00018,200161,037Form
15Dixon, Robert ECEO/PresidentDirectBuy112820254.053,00012,150158,926Form
16Dixon, Robert ECEO/PresidentDirectBuy112520254.052,0848,440146,776Form
17Dixon, Robert ECEO/PresidentDirectBuy112520254.001,8627,448136,628Form
18Dixon, Robert ECEO/PresidentMacKenzie Real Estate Advisers, LPBuy100620255.101,0005,100442,960Form
19Sherpa, AngcheChief Financial OfficerMacKenzie Real Estate Advisers, LPBuy100620255.101,0005,100442,960Form
20Simpson, Christine ElizabethChief Portfolio ManagerMacKenzie Real Estate Advisers, LPBuy100620255.101,0005,100442,960Form
21Fuller, Glen WTreasurerMacKenzie Real Estate Advisers, LPBuy100620255.101,0005,100442,960Form
22Patterson, Charles E IIGeneral Counsel/SecretaryMacKenzie Real Estate Advisers, LPBuy100620255.101,0005,100442,960Form
23Bluth, Jeri RuthChief Compliance OfficerMacKenzie Real Estate Advisers, LPBuy100620255.101,0005,100442,960Form
24Dixon, Robert ECEO/PresidentMacKenzie Real Estate Advisers, LPBuy100620255.0614,00070,780434,058Form
25Sherpa, AngcheChief Financial OfficerMacKenzie Real Estate Advisers, LPBuy100620255.0614,00070,780434,058Form
26Simpson, Christine ElizabethChief Portfolio ManagerMacKenzie Real Estate Advisers, LPBuy100620255.0614,00070,780434,058Form
27Fuller, Glen WTreasurerMacKenzie Real Estate Advisers, LPBuy100620255.0614,00070,780434,058Form
28Patterson, Charles E IIGeneral Counsel/SecretaryMacKenzie Real Estate Advisers, LPBuy100620255.0614,00070,780434,058Form
29Bluth, Jeri RuthChief Compliance OfficerMacKenzie Real Estate Advisers, LPBuy100620255.0614,00070,780434,058Form
30Simpson, Christine ElizabethChief Portfolio ManagerMacKenzie Real Estate Advisers, LPBuy82520255.1015,14677,245361,406Form
31Sherpa, AngcheChief Financial OfficerMacKenzie Real Estate Advisers, LPBuy82520255.1015,14677,245361,406Form
32Bluth, Jeri RuthChief Compliance OfficerMacKenzie Real Estate Advisers, LPBuy82520255.1015,14677,245361,406Form
33Fuller, Glen WTreasurerMacKenzie Real Estate Advisers, LPBuy82520255.1015,14677,245361,406Form
34Patterson, Charles E IIGeneral Counsel/SecretaryMacKenzie Real Estate Advisers, LPBuy82520255.1015,14677,245361,406Form
35Dixon, Robert ECEO/PresidentMacKenzie Real Estate Advisers, LPBuy82520255.1015,14677,245361,406Form
36Dixon, Robert ECEO/PresidentDirectBuy81920255.109,00045,9001,639,910Form
37Sherpa, AngcheChief Financial OfficerMacKenzie Real Estate Advisers, LPBuy81520254.8420,01296,858269,675Form
38Simpson, Christine ElizabethChief Portfolio ManagerMacKenzie Real Estate Advisers, LPBuy81520254.8420,01296,858269,675Form
39Bluth, Jeri RuthChief Compliance OfficerMacKenzie Real Estate Advisers, LPBuy81520254.8420,01296,858269,675Form
40Fuller, Glen WTreasurerMacKenzie Real Estate Advisers, LPBuy81520254.8420,01296,858269,675Form
41Patterson, Charles E IIGeneral Counsel/SecretaryMacKenzie Real Estate Advisers, LPBuy81520254.8420,01296,858269,675Form
42Dixon, Robert ECEO/PresidentMacKenzie Real Estate Advisers, LPBuy81520254.8420,01296,858269,675Form
43Simpson, Christine ElizabethChief Portfolio ManagerMacKenzie Real Estate Advisers, LPBuy81320254.922,0009,830175,495Form
44Sherpa, AngcheChief Financial OfficerMacKenzie Real Estate Advisers, LPBuy81320254.922,0009,830175,495Form
45Bluth, Jeri RuthChief Compliance OfficerMacKenzie Real Estate Advisers, LPBuy81320254.922,0009,830175,495Form
46Fuller, Glen WTreasurerMacKenzie Real Estate Advisers, LPBuy81320254.922,0009,830175,495Form
47Patterson, Charles E IIGeneral Counsel/SecretaryMacKenzie Real Estate Advisers, LPBuy81320254.922,0009,830175,495Form
48Simpson, Christine ElizabethChief Portfolio ManagerMacKenzie Real Estate Advisers, LPBuy81320254.911,1985,878165,385Form
49Sherpa, AngcheChief Financial OfficerMacKenzie Real Estate Advisers, LPBuy81320254.911,1985,878165,385Form
50Bluth, Jeri RuthChief Compliance OfficerMacKenzie Real Estate Advisers, LPBuy81320254.911,1985,878165,385Form
51Fuller, Glen WTreasurerMacKenzie Real Estate Advisers, LPBuy81320254.911,1985,878165,385Form
52Patterson, Charles E IIGeneral Counsel/SecretaryMacKenzie Real Estate Advisers, LPBuy81320254.911,1985,878165,385Form
53Bluth, Jeri RuthChief Compliance OfficerMacKenzie Real Estate Advisers, LPBuy81120254.442,0008,885144,414Form
54Fuller, Glen WTreasurerMacKenzie Real Estate Advisers, LPBuy81120254.442,0008,885144,414Form
55Patterson, Charles E IIGeneral Counsel/SecretaryMacKenzie Real Estate Advisers, LPBuy81120254.442,0008,885144,414Form
56Simpson, Christine ElizabethChief Portfolio ManagerMacKenzie Real Estate Advisers, LPBuy81120254.442,0008,885144,414Form
57Sherpa, AngcheCMacKenzie Real Estate Advisers, LPBuy81120254.442,0008,885144,414Form
58Dixon, Robert ECEO/PresidentMacKenzie Real Estate Advisers, LPBuy81120254.442,0008,885144,414Form
59Simpson, Christine ElizabethChief Portfolio ManagerMacKenzie Real Estate Advisers, LPBuy80720254.647,94936,883141,557Form
60Sherpa, AngcheChief Financial OfficerMacKenzie Real Estate Advisers, LPBuy80720254.647,94936,883141,557Form
61Patterson, Charles E IIGeneral Counsel/SecretaryMacKenzie Real Estate Advisers, LPBuy80720254.647,94936,883141,557Form
62Fuller, Glen WTreasurerMacKenzie Real Estate Advisers, LPBuy80720254.647,94936,883141,557Form
63Bluth, Jeri RuthChief Compliance OfficerMacKenzie Real Estate Advisers, LPBuy80720254.647,94936,883141,557Form
64Simpson, Christine ElizabethChief Portfolio ManagerMacKenzie Real Estate Advisers, LPBuy80720254.3122,55997,22997,229Form
65Sherpa, AngcheChief Financial OfficerMacKenzie Real Estate Advisers, LPBuy80720254.3122,55997,22997,229Form
66Patterson, Charles E IIGeneral Counsel/SecretaryMacKenzie Real Estate Advisers, LPBuy80720254.3122,55997,22997,229Form
67Fuller, Glen WTreasurerMacKenzie Real Estate Advisers, LPBuy80720254.3122,55997,22997,229Form
68Bluth, Jeri RuthChief Compliance OfficerMacKenzie Real Estate Advisers, LPBuy80720254.3122,55997,22997,229Form
69Dixon, Robert ECEO/PresidentMacKenzie Real Estate Advisers, LPBuy80720254.3122,55997,22997,229Form
Core Cache Last Updated: 10/4/2026