Mackenzie Realty Capital net loss narrows 41% to $14.13 million in year ended June 30, 2026
MKZR•Mackenzie Realty Capital reported a fiscal 2026 net loss of $14.13 million, down 41% from the prior year. Commercial property income fell 14% to $13.07 million, while residential property income rose 18% to $6.94 million.
1. Fiscal-year results
Mackenzie Realty Capital posted a net loss of $14.13 million for the year ended June 30, 2026, narrowing 41% from the prior year. Rental, reimbursement and other property income fell 14% to $13.07 million at commercial properties and rose 18% to $6.94 million at residential properties.
2. Property and debt details
The company recorded a $1.69 million impairment loss on assets held for sale tied to Woodland Corporate Center. The property was marketed for sale beginning in October 2025, and a purchase and sale agreement was signed in September 2026. Mortgage notes payable totaled $134.21 million at June 30, 2026, including $10 million drawn on its PRES revolving line of credit.
