Mackenzie Realty Capital (MKZR)
Market Price (8/17/2026): $1.59 | Market Cap: $3.3 MilSector: Real Estate | Industry: Diversified REITs
Mackenzie Realty Capital (MKZR)
Market Price (8/17/2026): $1.59Market Cap: $3.3 MilSector: Real EstateIndustry: Diversified REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -53% Attractive yieldDividend Yield is 23% | Weak multi-year price returns2Y Excs Rtn is -139%, 3Y Excs Rtn is -171% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -37% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 4220% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -489% Key risksMKZR key risks include [1] precarious financial health marked by high leverage, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -53% |
| Attractive yieldDividend Yield is 23% |
| Weak multi-year price returns2Y Excs Rtn is -139%, 3Y Excs Rtn is -171% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -37% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 4220% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -489% |
| Key risksMKZR key risks include [1] precarious financial health marked by high leverage, Show more. |
Qualitative Assessment
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Mackenzie Realty Capital (MKZR) stock has lost about 40% since 4/30/2026 because of the following key factors:
1. Persistent Net Losses and Negative Earnings Per Share (EPS) indicated ongoing financial instability.
Despite reporting positive Funds From Operations (FFO) and Adjusted FFO (AFFO) for its fiscal third quarter ended March 31, 2026, Mackenzie Realty Capital still recorded a net loss of $0.99 million for that quarter. Furthermore, for the trailing twelve months ending March 31, 2026, the company experienced a substantial loss of $18.6 million, translating to a negative basic EPS of -$10.12. This continued unprofitability likely contributed to sustained investor apprehension and downward pressure on the stock price.
2. Small Market Capitalization contributed to extreme stock volatility.
Mackenzie Realty Capital maintains a very small market capitalization of approximately $2.32 million. This inherently makes the stock highly susceptible to significant price swings. The relatively low liquidity and small float mean that even minor shifts in investor sentiment or trading activity can lead to drastic percentage changes, exacerbating the sharp 49.19% decline experienced since early May 2026.
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Mackenzie Realty Capital (MKZR) stock has lost about 40% since 4/30/2026 because of the following key factors:
1. Persistent Net Losses and Negative Earnings Per Share (EPS) indicated ongoing financial instability.
Despite reporting positive Funds From Operations (FFO) and Adjusted FFO (AFFO) for its fiscal third quarter ended March 31, 2026, Mackenzie Realty Capital still recorded a net loss of $0.99 million for that quarter. Furthermore, for the trailing twelve months ending March 31, 2026, the company experienced a substantial loss of $18.6 million, translating to a negative basic EPS of -$10.12. This continued unprofitability likely contributed to sustained investor apprehension and downward pressure on the stock price.
2. Small Market Capitalization contributed to extreme stock volatility.
Mackenzie Realty Capital maintains a very small market capitalization of approximately $2.32 million. This inherently makes the stock highly susceptible to significant price swings. The relatively low liquidity and small float mean that even minor shifts in investor sentiment or trading activity can lead to drastic percentage changes, exacerbating the sharp 49.19% decline experienced since early May 2026.
3. Broader Real Estate Market Headwinds and Affordability Challenges.
While the U.S. real estate market in the second quarter of 2026 (fiscal Q4 2026 for MKZR) showed increased sales activity in many metro areas, it was also characterized by moderating average sales prices and persistent affordability challenges driven by rising mortgage rates. These macroeconomic conditions, creating a cautious environment for real estate investments, likely dampened overall investor confidence in companies operating within the sector, including Mackenzie Realty Capital, despite some project-specific successes like the stabilization of Aurora at Green Valley.
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Stock Movement Drivers
Fundamental Drivers
The -42.3% change in MKZR stock from 4/30/2026 to 8/16/2026 was primarily driven by a -39.4% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.81 | 1.62 | -42.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18 | 19 | 6.4% |
| P/S Multiple | 0.3 | 0.2 | -39.4% |
| Shares Outstanding (Mil) | 2 | 2 | -10.6% |
| Cumulative Contribution | -42.3% |
Market Drivers
4/30/2026 to 8/16/2026| Return | Correlation | |
|---|---|---|
| MKZR | -42.3% | |
| Market (SPY) | 8.0% | 19.8% |
| Sector (XLRE) | 2.0% | 30.0% |
Fundamental Drivers
The -62.4% change in MKZR stock from 1/31/2026 to 8/16/2026 was primarily driven by a -53.0% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.31 | 1.62 | -62.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22 | 19 | -10.5% |
| P/S Multiple | 0.4 | 0.2 | -53.0% |
| Shares Outstanding (Mil) | 2 | 2 | -10.7% |
| Cumulative Contribution | -62.4% |
Market Drivers
1/31/2026 to 8/16/2026| Return | Correlation | |
|---|---|---|
| MKZR | -62.4% | |
| Market (SPY) | 12.5% | 16.6% |
| Sector (XLRE) | 10.0% | 11.3% |
Fundamental Drivers
The 182.2% change in MKZR stock from 7/31/2025 to 8/16/2026 was primarily driven by a 346.4% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8162026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.57 | 1.62 | 182.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22 | 19 | -11.0% |
| P/S Multiple | 0.0 | 0.2 | 346.4% |
| Shares Outstanding (Mil) | 1 | 2 | -29.0% |
| Cumulative Contribution | 182.2% |
Market Drivers
7/31/2025 to 8/16/2026| Return | Correlation | |
|---|---|---|
| MKZR | 182.2% | |
| Market (SPY) | 23.9% | -3.5% |
| Sector (XLRE) | 12.1% | 2.5% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2023 to 8/16/2026| Return | Correlation | |
|---|---|---|
| MKZR | ||
| Market (SPY) | 75.6% | -0.3% |
| Sector (XLRE) | 30.2% | 2.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MKZR Return | - | - | - | -37% | -87% | -60% | -97% |
| Peers Return | 14% | -42% | 3% | -12% | -32% | -5% | -61% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| MKZR Win Rate | - | - | - | 50% | 8% | 25% | |
| Peers Win Rate | 48% | 30% | 47% | 38% | 42% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MKZR Max Drawdown | - | - | - | - | -98% | -79% | |
| Peers Max Drawdown | -14% | -50% | -40% | -37% | -49% | -41% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GIPR, ESS, KRC, DEI, HPP.
[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 8/14/2026 (YTD)
How Low Can It Go
| Event | MKZR | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -20.3% | -7.8% |
| % Gain to Breakeven | 25.5% | 8.5% |
| Time to Breakeven | 3 days | 18 days |
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
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Asset Allocation
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| Event | MKZR | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -20.3% | -7.8% |
| % Gain to Breakeven | 25.5% | 8.5% |
| Time to Breakeven | 3 days | 18 days |
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.
- 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.
- 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.
- 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:
- 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.
- 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.
- 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.
- 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.
Peer Outperformance in Diversified REITs
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care REITs | 14 | 20.4% | 62.3% | 57.0% | WELL 210% · DHC 151% · CTRE 124% |
| Retail REITs | 22 | 21.8% | 42.1% | 43.1% | IVT 1652% · SKT 189% · SPG 124% |
| Other Specialized REITs | 11 | 5.8% | 20.7% | 24.5% | IRM 245% · LAMR 84% · EPR 81% |
| Real Estate Development | 6 | 2.2% | 17.6% | 24.2% | JOE 65% · AXR 64% · FOR 46% |
| Hotel & Resort REITs | 16 | 40.7% | 37.3% | 14.9% | RHP 96% · HST 90% · DRH 66% |
| Industrial REITs | 11 | 23.6% | 28.3% | 6.8% | EGP 35% · FR 29% · PLD 21% |
| Single-Family Residential REITs | 3 | 4.6% | 7.1% | -9.0% | AMH -4% · ELS -9% · INVH -10% |
| Multi-Family Residential REITs | 15 | 2.1% | 11.9% | -10.5% | AIV 34% · ESS 8% · BRT 4% |
| Diversified REITs ← | 12 | 15.5% | 28.6% | -11.4% | CTO 82% · EPRT 24% · WPC 23% |
| Real Estate Services | 27 | -14.3% | -4.2% | -19.5% | CHCI 201% · CBRE 65% · JLL 55% |
| Office REITs | 18 | 8.8% | 26.5% | -30.2% | PSTL 61% · CDP 60% · SLG 7% |
| Telecom Tower REITs | 3 | -13.8% | -10.4% | -44.3% | AMT -28% · SBAC -44% · CCI -51% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.79 |
| Mkt Cap | 1.4 |
| Rev LTM | 910 |
| Op Inc LTM | 96 |
| FCF LTM | 33 |
| FCF 3Y Avg | 57 |
| CFO LTM | 257 |
| CFO 3Y Avg | 266 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.5% |
| Rev Chg 3Y Avg | 2.5% |
| Rev Chg Q | 0.4% |
| QoQ Delta Rev Chg LTM | 0.1% |
| Op Inc Chg LTM | -11.1% |
| Op Inc Chg 3Y Avg | -9.8% |
| Op Mgn LTM | 9.5% |
| Op Mgn 3Y Avg | 6.7% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 27.1% |
| CFO/Rev 3Y Avg | 27.8% |
| FCF/Rev LTM | 6.7% |
| FCF/Rev 3Y Avg | 6.2% |
Price Behavior
| Market Price | $1.62 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 05/14/2024 | |
| Distance from 52W High | -75.6% | |
| 50 Days | 200 Days | |
| DMA Price | $1.71 | $3.34 |
| DMA Trend | down | down |
| Distance from DMA | -5.3% | -51.4% |
| 3M | 1YR | |
| Volatility | 99.0% | 90.5% |
| Downside Capture | 199.45 | 109.32 |
| Upside Capture | -7.88 | -41.54 |
| Correlation (SPY) | 20.2% | 7.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.00 | 0.51 | 0.35 | 0.49 | -2.66 | 1.13 |
| Up Beta | -1.45 | 0.20 | 0.05 | 1.18 | 0.67 | 0.35 |
| Down Beta | 2.23 | 2.23 | 1.40 | -0.07 | 3.12 | 3.05 |
| Up Capture | -488% | -221% | -165% | -74% | -42% | -4% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 6 | 16 | 22 | 48 | 105 | 229 |
| Down Capture | 171% | 220% | 214% | 175% | -624% | 107% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 14 | 25 | 38 | 74 | 137 | 281 |
[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 | -66.0% | 90.3% | -0.79 | - |
| Sector ETF (XLRE) | 12.3% | 14.2% | 0.59 | 4.7% |
| Equity (SPY) | 21.5% | 12.8% | 1.25 | 7.9% |
| Gold (GLD) | 30.0% | 28.5% | 0.91 | 4.9% |
| Commodities (DBC) | 38.1% | 20.1% | 1.49 | -4.9% |
| Real Estate (VNQ) | 14.4% | 13.9% | 0.73 | 5.3% |
| Bitcoin (BTCUSD) | -49.1% | 42.8% | -1.45 | 14.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MKZR | |
|---|---|---|---|---|
| MKZR | -54.5% | 610.3% | 0.41 | - |
| Sector ETF (XLRE) | 2.6% | 19.2% | 0.03 | 1.1% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 0.2% |
| Gold (GLD) | 19.5% | 18.6% | 0.85 | 0.4% |
| Commodities (DBC) | 9.6% | 19.6% | 0.38 | -3.6% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 1.9% |
| Bitcoin (BTCUSD) | 8.0% | 52.8% | 0.34 | 0.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MKZR | |
|---|---|---|---|---|
| MKZR | -32.5% | 610.3% | 0.41 | - |
| Sector ETF (XLRE) | 6.4% | 20.4% | 0.27 | 1.1% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 0.2% |
| Gold (GLD) | 12.0% | 16.2% | 0.60 | 0.4% |
| Commodities (DBC) | 7.7% | 18.0% | 0.34 | -3.6% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 1.9% |
| Bitcoin (BTCUSD) | 59.9% | 66.1% | 1.00 | 0.0% |
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Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-Q |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 09/29/2025 | 10-K |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-Q |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 09/27/2024 | 10-K |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 02/13/2024 | 10-Q |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 09/28/2023 | 10-K |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/14/2023 | 10-Q |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 09/28/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-Q |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 09/29/2025 | 10-K |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-Q |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 09/27/2024 | 10-K |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 02/13/2024 | 10-Q |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 09/28/2023 | 10-K |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/14/2023 | 10-Q |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 09/28/2022 | 10-K |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 02/14/2022 | 10-Q |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 09/28/2021 | 10-K |
| 03/31/2021 | 05/14/2021 | 10-Q |
| 12/31/2020 | 02/22/2021 | 10-Q |
| 09/30/2020 | 11/13/2020 | 10-Q |
Insider Activity
Updated 8/10/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dixon, Robert E | CEO/President | Berniece Patterson Legacy Trust | Buy | 8102026 | 1.60 | 23,400 | 37,440 | 160,000 | Form |
| 2 | Fuller, Glen W | Treasurer | Berniece Patterson Legacy Trust | Buy | 8102026 | 1.60 | 23,400 | 37,440 | 160,000 | Form |
| 3 | Patterson, Charles E II | General Counsel/Secretary | Berniece Patterson Legacy Trust | Buy | 8102026 | 1.60 | 23,400 | 37,440 | 160,000 | Form |
| 4 | Dixon, Robert E | CEO/President | Berniece Patterson Legacy Trust | Buy | 8102026 | 1.59 | 10,000 | 15,900 | 121,794 | Form |
| 5 | Fuller, Glen W | Treasurer | Berniece Patterson Legacy Trust | Buy | 8102026 | 1.59 | 10,000 | 15,900 | 121,794 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dixon, Robert E | CEO/President | Berniece Patterson Legacy Trust | Buy | 8102026 | 1.60 | 23,400 | 37,440 | 160,000 | Form |
| 2 | Fuller, Glen W | Treasurer | Berniece Patterson Legacy Trust | Buy | 8102026 | 1.60 | 23,400 | 37,440 | 160,000 | Form |
| 3 | Patterson, Charles E II | General Counsel/Secretary | Berniece Patterson Legacy Trust | Buy | 8102026 | 1.60 | 23,400 | 37,440 | 160,000 | Form |
| 4 | Dixon, Robert E | CEO/President | Berniece Patterson Legacy Trust | Buy | 8102026 | 1.59 | 10,000 | 15,900 | 121,794 | Form |
| 5 | Fuller, Glen W | Treasurer | Berniece Patterson Legacy Trust | Buy | 8102026 | 1.59 | 10,000 | 15,900 | 121,794 | Form |
| 6 | Patterson, Charles E II | General Counsel/Secretary | Berniece Patterson Legacy Trust | Buy | 8102026 | 1.59 | 10,000 | 15,900 | 121,794 | Form |
| 7 | Dixon, Robert E | CEO/President | Berniece Patterson Legacy Trust | Buy | 8042026 | 1.20 | 30,000 | 36,000 | 79,920 | Form |
| 8 | Fuller, Glen W | Treasurer | Berniece Patterson Legacy Trust | Buy | 8042026 | 1.20 | 30,000 | 36,000 | 79,920 | Form |
| 9 | Patterson, Charles E II | General Counsel/Secretary | Berniece Patterson Legacy Trust | Buy | 8042026 | 1.20 | 30,000 | 36,000 | 79,920 | Form |
| 10 | Dixon, Robert E | CEO/President | Berniece Patterson Legacy Trust | Buy | 8042026 | 1.41 | 36,600 | 51,606 | 51,606 | Form |
| 11 | Fuller, Glen W | Treasurer | Berniece Patterson Legacy Trust | Buy | 8042026 | 1.41 | 36,600 | 51,606 | 51,606 | Form |
| 12 | Patterson, Charles E II | General Counsel/Secretary | Berniece Patterson Legacy Trust | Buy | 8042026 | 1.41 | 36,600 | 51,606 | 51,606 | Form |
| 13 | Dixon, Robert E | CEO/President | Direct | Buy | 4072026 | 3.50 | 10,000 | 34,972 | 189,692 | Form |
| 14 | Dixon, Robert E | CEO/President | Direct | Buy | 2252026 | 3.64 | 5,000 | 18,200 | 161,037 | Form |
| 15 | Dixon, Robert E | CEO/President | Direct | Buy | 11282025 | 4.05 | 3,000 | 12,150 | 158,926 | Form |
| 16 | Dixon, Robert E | CEO/President | Direct | Buy | 11252025 | 4.05 | 2,084 | 8,440 | 146,776 | Form |
| 17 | Dixon, Robert E | CEO/President | Direct | Buy | 11252025 | 4.00 | 1,862 | 7,448 | 136,628 | Form |
| 18 | Dixon, Robert E | CEO/President | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.10 | 1,000 | 5,100 | 442,960 | Form |
| 19 | Sherpa, Angche | Chief Financial Officer | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.10 | 1,000 | 5,100 | 442,960 | Form |
| 20 | Simpson, Christine Elizabeth | Chief Portfolio Manager | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.10 | 1,000 | 5,100 | 442,960 | Form |
| 21 | Fuller, Glen W | Treasurer | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.10 | 1,000 | 5,100 | 442,960 | Form |
| 22 | Patterson, Charles E II | General Counsel/Secretary | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.10 | 1,000 | 5,100 | 442,960 | Form |
| 23 | Bluth, Jeri Ruth | Chief Compliance Officer | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.10 | 1,000 | 5,100 | 442,960 | Form |
| 24 | Dixon, Robert E | CEO/President | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.06 | 14,000 | 70,780 | 434,058 | Form |
| 25 | Sherpa, Angche | Chief Financial Officer | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.06 | 14,000 | 70,780 | 434,058 | Form |
| 26 | Simpson, Christine Elizabeth | Chief Portfolio Manager | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.06 | 14,000 | 70,780 | 434,058 | Form |
| 27 | Fuller, Glen W | Treasurer | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.06 | 14,000 | 70,780 | 434,058 | Form |
| 28 | Patterson, Charles E II | General Counsel/Secretary | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.06 | 14,000 | 70,780 | 434,058 | Form |
| 29 | Bluth, Jeri Ruth | Chief Compliance Officer | MacKenzie Real Estate Advisers, LP | Buy | 10062025 | 5.06 | 14,000 | 70,780 | 434,058 | Form |
| 30 | Simpson, Christine Elizabeth | Chief Portfolio Manager | MacKenzie Real Estate Advisers, LP | Buy | 8252025 | 5.10 | 15,146 | 77,245 | 361,406 | Form |
| 31 | Sherpa, Angche | Chief Financial Officer | MacKenzie Real Estate Advisers, LP | Buy | 8252025 | 5.10 | 15,146 | 77,245 | 361,406 | Form |
| 32 | Bluth, Jeri Ruth | Chief Compliance Officer | MacKenzie Real Estate Advisers, LP | Buy | 8252025 | 5.10 | 15,146 | 77,245 | 361,406 | Form |
| 33 | Fuller, Glen W | Treasurer | MacKenzie Real Estate Advisers, LP | Buy | 8252025 | 5.10 | 15,146 | 77,245 | 361,406 | Form |
| 34 | Patterson, Charles E II | General Counsel/Secretary | MacKenzie Real Estate Advisers, LP | Buy | 8252025 | 5.10 | 15,146 | 77,245 | 361,406 | Form |
| 35 | Dixon, Robert E | CEO/President | MacKenzie Real Estate Advisers, LP | Buy | 8252025 | 5.10 | 15,146 | 77,245 | 361,406 | Form |
| 36 | Dixon, Robert E | CEO/President | Direct | Buy | 8192025 | 5.10 | 9,000 | 45,900 | 1,639,910 | Form |
| 37 | Sherpa, Angche | Chief Financial Officer | MacKenzie Real Estate Advisers, LP | Buy | 8152025 | 4.84 | 20,012 | 96,858 | 269,675 | Form |
| 38 | Simpson, Christine Elizabeth | Chief Portfolio Manager | MacKenzie Real Estate Advisers, LP | Buy | 8152025 | 4.84 | 20,012 | 96,858 | 269,675 | Form |
| 39 | Bluth, Jeri Ruth | Chief Compliance Officer | MacKenzie Real Estate Advisers, LP | Buy | 8152025 | 4.84 | 20,012 | 96,858 | 269,675 | Form |
| 40 | Fuller, Glen W | Treasurer | MacKenzie Real Estate Advisers, LP | Buy | 8152025 | 4.84 | 20,012 | 96,858 | 269,675 | Form |
| 41 | Patterson, Charles E II | General Counsel/Secretary | MacKenzie Real Estate Advisers, LP | Buy | 8152025 | 4.84 | 20,012 | 96,858 | 269,675 | Form |
| 42 | Dixon, Robert E | CEO/President | MacKenzie Real Estate Advisers, LP | Buy | 8152025 | 4.84 | 20,012 | 96,858 | 269,675 | Form |
| 43 | Simpson, Christine Elizabeth | Chief Portfolio Manager | MacKenzie Real Estate Advisers, LP | Buy | 8132025 | 4.92 | 2,000 | 9,830 | 175,495 | Form |
| 44 | Sherpa, Angche | Chief Financial Officer | MacKenzie Real Estate Advisers, LP | Buy | 8132025 | 4.92 | 2,000 | 9,830 | 175,495 | Form |
| 45 | Bluth, Jeri Ruth | Chief Compliance Officer | MacKenzie Real Estate Advisers, LP | Buy | 8132025 | 4.92 | 2,000 | 9,830 | 175,495 | Form |
| 46 | Fuller, Glen W | Treasurer | MacKenzie Real Estate Advisers, LP | Buy | 8132025 | 4.92 | 2,000 | 9,830 | 175,495 | Form |
| 47 | Patterson, Charles E II | General Counsel/Secretary | MacKenzie Real Estate Advisers, LP | Buy | 8132025 | 4.92 | 2,000 | 9,830 | 175,495 | Form |
| 48 | Simpson, Christine Elizabeth | Chief Portfolio Manager | MacKenzie Real Estate Advisers, LP | Buy | 8132025 | 4.91 | 1,198 | 5,878 | 165,385 | Form |
| 49 | Sherpa, Angche | Chief Financial Officer | MacKenzie Real Estate Advisers, LP | Buy | 8132025 | 4.91 | 1,198 | 5,878 | 165,385 | Form |
| 50 | Bluth, Jeri Ruth | Chief Compliance Officer | MacKenzie Real Estate Advisers, LP | Buy | 8132025 | 4.91 | 1,198 | 5,878 | 165,385 | Form |
| 51 | Fuller, Glen W | Treasurer | MacKenzie Real Estate Advisers, LP | Buy | 8132025 | 4.91 | 1,198 | 5,878 | 165,385 | Form |
| 52 | Patterson, Charles E II | General Counsel/Secretary | MacKenzie Real Estate Advisers, LP | Buy | 8132025 | 4.91 | 1,198 | 5,878 | 165,385 | Form |
| 53 | Bluth, Jeri Ruth | Chief Compliance Officer | MacKenzie Real Estate Advisers, LP | Buy | 8112025 | 4.44 | 2,000 | 8,885 | 144,414 | Form |
| 54 | Fuller, Glen W | Treasurer | MacKenzie Real Estate Advisers, LP | Buy | 8112025 | 4.44 | 2,000 | 8,885 | 144,414 | Form |
| 55 | Patterson, Charles E II | General Counsel/Secretary | MacKenzie Real Estate Advisers, LP | Buy | 8112025 | 4.44 | 2,000 | 8,885 | 144,414 | Form |
| 56 | Simpson, Christine Elizabeth | Chief Portfolio Manager | MacKenzie Real Estate Advisers, LP | Buy | 8112025 | 4.44 | 2,000 | 8,885 | 144,414 | Form |
| 57 | Sherpa, Angche | C | MacKenzie Real Estate Advisers, LP | Buy | 8112025 | 4.44 | 2,000 | 8,885 | 144,414 | Form |
| 58 | Dixon, Robert E | CEO/President | MacKenzie Real Estate Advisers, LP | Buy | 8112025 | 4.44 | 2,000 | 8,885 | 144,414 | Form |
| 59 | Simpson, Christine Elizabeth | Chief Portfolio Manager | MacKenzie Real Estate Advisers, LP | Buy | 8072025 | 4.64 | 7,949 | 36,883 | 141,557 | Form |
| 60 | Sherpa, Angche | Chief Financial Officer | MacKenzie Real Estate Advisers, LP | Buy | 8072025 | 4.64 | 7,949 | 36,883 | 141,557 | Form |
| 61 | Patterson, Charles E II | General Counsel/Secretary | MacKenzie Real Estate Advisers, LP | Buy | 8072025 | 4.64 | 7,949 | 36,883 | 141,557 | Form |
| 62 | Fuller, Glen W | Treasurer | MacKenzie Real Estate Advisers, LP | Buy | 8072025 | 4.64 | 7,949 | 36,883 | 141,557 | Form |
| 63 | Bluth, Jeri Ruth | Chief Compliance Officer | MacKenzie Real Estate Advisers, LP | Buy | 8072025 | 4.64 | 7,949 | 36,883 | 141,557 | Form |
| 64 | Simpson, Christine Elizabeth | Chief Portfolio Manager | MacKenzie Real Estate Advisers, LP | Buy | 8072025 | 4.31 | 22,559 | 97,229 | 97,229 | Form |
| 65 | Sherpa, Angche | Chief Financial Officer | MacKenzie Real Estate Advisers, LP | Buy | 8072025 | 4.31 | 22,559 | 97,229 | 97,229 | Form |
| 66 | Patterson, Charles E II | General Counsel/Secretary | MacKenzie Real Estate Advisers, LP | Buy | 8072025 | 4.31 | 22,559 | 97,229 | 97,229 | Form |
| 67 | Fuller, Glen W | Treasurer | MacKenzie Real Estate Advisers, LP | Buy | 8072025 | 4.31 | 22,559 | 97,229 | 97,229 | Form |
| 68 | Bluth, Jeri Ruth | Chief Compliance Officer | MacKenzie Real Estate Advisers, LP | Buy | 8072025 | 4.31 | 22,559 | 97,229 | 97,229 | Form |
| 69 | Dixon, Robert E | CEO/President | MacKenzie Real Estate Advisers, LP | Buy | 8072025 | 4.31 | 22,559 | 97,229 | 97,229 | Form |
External Quote Links
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| FinViz |
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