$MKZR
Mackenzie Realty Capital Inc Stock $mkzr

$mkzr Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-Q Financial Statement

#000114036123006990 Filed on February 14, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2021 Q4
Revenue	$4.470M	$3.674M	$2.570M
YoY Change	77.47%	42.96%	-1087.21%
Cost Of Revenue	$2.540M	$2.290M	$1.840M
YoY Change	72.79%	24.46%	170.59%
Gross Profit	$1.930M	$1.390M	$730.0K
YoY Change	83.81%	90.41%	114.71%
Gross Profit Margin	43.18%	37.83%	28.4%
Selling, General & Admin	$600.0K	$560.0K	$460.0K
YoY Change	22.45%	21.74%	39.39%
% of Gross Profit	31.09%	40.29%	63.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.048M	$852.7K	$685.4K
YoY Change	46.73%	24.4%
% of Gross Profit	54.28%	61.34%	93.9%
Operating Expenses	$7.496M	$6.452M	$4.612M
YoY Change	70.82%	39.88%	261.11%
Operating Profit	-$3.026M	-$2.777M	-$2.042M
YoY Change	61.85%	36.01%	117.88%
Interest Expense	$1.908M	$1.675M	$496.8K
YoY Change	233.26%	237.27%	-107.14%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$10.24M	-$4.900M	$4.560M
YoY Change	-280.92%	-207.46%	-163.16%
Income Tax
% Of Pretax Income
Net Earnings	-$10.24M	-$4.899M	$4.556M
YoY Change	-280.74%	-207.53%	-163.1%
Net Earnings / Revenue	-229.06%	-133.33%	177.26%
Basic Earnings Per Share	-$0.79	-$0.38	$0.34
Diluted Earnings Per Share	-$0.79	-$0.38	$0.34
COMMON SHARES
Basic Shares Outstanding	13.30M	13.30M	13.37M
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q1	2022 Q4	2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$17.60M	$7.100M	$10.90M
YoY Change	-51.52%	-34.86%	21.11%
Cash & Equivalents	$17.58M	$7.109M	$10.87M
Short-Term Investments
Other Short-Term Assets	$1.200M	$900.0K	$900.0K
YoY Change	140.0%	0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$19.80M	$8.800M	$13.80M
YoY Change	-49.23%	-36.23%	36.63%
LONG-TERM ASSETS
Property, Plant & Equipment	$171.6M	$131.6M	$77.60M
YoY Change	121.42%	69.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$24.70M	$52.50M	$63.30M
YoY Change	-48.86%	-17.06%	26.1%
Other Assets	$11.20M	$17.70M	$14.50M
YoY Change	220.0%	22.07%	-66.89%
Total Long-Term Assets	$207.5M	$201.8M	$155.3M
YoY Change	60.48%	29.93%	36.96%
TOTAL ASSETS
Total Short-Term Assets	$19.80M	$8.800M	$13.80M
Total Long-Term Assets	$207.5M	$201.8M	$155.3M
Total Assets	$227.3M	$210.6M	$169.1M
YoY Change	35.06%	24.53%	36.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.600M	$1.400M	$1.300M
YoY Change	14.29%	7.69%	1200.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.100M	$3.900M	$10.30M
YoY Change	5.13%	-62.14%	1187.5%
LONG-TERM LIABILITIES
Long-Term Debt	$115.5M	$92.10M	$52.20M
YoY Change	118.75%	76.44%
Other Long-Term Liabilities	$6.400M	$6.200M	$1.600M
YoY Change	357.14%	287.5%	1500.0%
Total Long-Term Liabilities	$121.9M	$98.30M	$53.80M
YoY Change	124.91%	82.71%	53700.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.100M	$3.900M	$10.30M
Total Long-Term Liabilities	$121.9M	$98.30M	$53.80M
Total Liabilities	$126.1M	$102.3M	$65.20M
YoY Change	117.37%	56.87%	153.59%
SHAREHOLDERS EQUITY
Retained Earnings	-$42.87M	-$30.86M
YoY Change	255.02%
Common Stock	$1.324K	$1.325K
YoY Change	-0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$89.19M	$99.42M	$103.9M
YoY Change
Total Liabilities & Shareholders Equity	$227.3M	$210.6M	$169.1M
YoY Change	35.06%	24.53%	36.93%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2021 Q4
OPERATING ACTIVITIES
Net Income	-$10.24M	-$4.899M	$4.556M
YoY Change	-280.74%	-207.53%	-163.1%
Depreciation, Depletion And Amortization	$1.048M	$852.7K	$685.4K
YoY Change	46.73%	24.4%
Cash From Operating Activities	-$1.430M	-$2.630M	$1.200M
YoY Change	-391.84%	-319.17%	-8.4%
INVESTING ACTIVITIES
Capital Expenditures	$9.710M	$7.010M	$21.77M
YoY Change	807.48%	-67.8%
Acquisitions
YoY Change
Other Investing Activities	$21.05M	$1.230M	$20.65M
YoY Change	54.44%	-94.04%	969.95%
Cash From Investing Activities	$11.34M	-$5.790M	-$1.120M
YoY Change	-9.71%	416.96%	-158.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	930.0K	4.690M	13.60M
YoY Change	-34.51%	-65.51%	33900.0%
NET CHANGE
Cash From Operating Activities	-1.430M	-2.630M	1.200M
Cash From Investing Activities	11.34M	-5.790M	-1.120M
Cash From Financing Activities	930.0K	4.690M	13.60M
Net Change In Cash	10.84M	-3.730M	13.68M
YoY Change	-25.09%	-127.27%	317.07%
FREE CASH FLOW
Cash From Operating Activities	-$1.430M	-$2.630M	$1.200M
Capital Expenditures	$9.710M	$7.010M	$21.77M
Free Cash Flow	-$11.14M	-$9.640M	-$20.57M
YoY Change	1820.69%	-53.14%

Facts In Submission

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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
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CY2022Q2	mrc	Capital Pending Acceptance CapitalPendingAcceptance	85000
	mrc	Percentage Of Excise Tax On Catch Up Distributions Paid In The Subsequent Year PercentageOfExciseTaxOnCatchUpDistributionsPaidInTheSubsequentYear	0.04
CY2022Q4	mrc	Number Of Entities Income Tax Liabilities Flow Through To Partners NumberOfEntitiesIncomeTaxLiabilitiesFlowThroughToPartners	2
CY2022Q4	mrc	Number Of Entities Income Tax Liabilities Flow Through To Partners NumberOfEntitiesIncomeTaxLiabilitiesFlowThroughToPartners	2
CY2022Q2	mrc	Uncertain Tax Positions UncertainTaxPositions	0
CY2022Q4	mrc	Uncertain Tax Positions UncertainTaxPositions	0
CY2022Q4	us-gaap	Equity Method Investments Fair Value Disclosure EquityMethodInvestmentsFairValueDisclosure	43463092
CY2022Q2	us-gaap	Equity Method Investments Fair Value Disclosure EquityMethodInvestmentsFairValueDisclosure	45696840
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0
	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf	1913346
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1
CY2022Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	2889828
CY2022Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	586168
CY2022Q4	us-gaap	Depreciation Depreciation	852671
	us-gaap	Depreciation Depreciation	1558933
CY2021Q4	us-gaap	Depreciation Depreciation	685449
	us-gaap	Depreciation Depreciation	1287569
CY2022Q4	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	3253511
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	5997594
CY2022Q4	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	420741
	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	745161
CY2022Q4	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	3674252
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	6742755
CY2021Q4	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	2119307
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	4390225
CY2021Q4	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	450907
	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	902571
CY2021Q4	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	2570214
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	5292796
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	2753230
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	4228155
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	3830531
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	3147326
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	2666117
CY2022Q4	mrc	Lessor Operating Lease Payments To Be Received After Year Four LessorOperatingLeasePaymentsToBeReceivedAfterYearFour	10576190
CY2022Q4	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	27201549
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	5151684
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1088319
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4063365
	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P5Y
CY2022Q2	mrc	Percentage Of Reduced Purchase Price For General Partnership Interest PercentageOfReducedPurchasePriceForGeneralPartnershipInterest	0.20
CY2022Q2	mrc	Percentage Of Holdback Reduced By Stabilization Costs PercentageOfHoldbackReducedByStabilizationCosts	0.20
CY2022Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2303660
CY2022	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P5Y2M12D
CY2022Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	300089
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	502151
CY2021Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	424318
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	791125
CY2022Q4	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	52353254
CY2022Q2	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	57593244
CY2022Q4	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	52353254
CY2022Q2	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	57593244
	us-gaap	Noninterest Expense Transfer Agent And Custodian Fees NoninterestExpenseTransferAgentAndCustodianFees	46000
CY2022Q4	mrc	Percentage Of Holdback Considered As Contingent Liability PercentageOfHoldbackConsideredAsContingentLiability	0.20
CY2022Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	1857000
CY2022Q2	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	2715000
CY2022Q4	mrc	Contingent Liability Related To Guaranty On Mortgage Loans ContingentLiabilityRelatedToGuarantyOnMortgageLoans	0
	mrc	Number Of Advisory Agreements NumberOfAdvisoryAgreements	2
CY2022Q4	mrc	Assets Management Fee Expense AssetsManagementFeeExpense	741519
	mrc	Assets Management Fee Expense AssetsManagementFeeExpense	1457786
CY2021Q4	mrc	Assets Management Fee Expense AssetsManagementFeeExpense	677622
	mrc	Assets Management Fee Expense AssetsManagementFeeExpense	1354174
CY2022Q3	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	148639649
CY2022Q4	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	152470792
CY2021Q3	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	133927634
CY2021Q4	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction	134242127
CY2021Q4	us-gaap	Incentive Fee Expense IncentiveFeeExpense	0
CY2022Q4	us-gaap	Incentive Fee Expense IncentiveFeeExpense	0
	us-gaap	Incentive Fee Expense IncentiveFeeExpense	0
	us-gaap	Incentive Fee Expense IncentiveFeeExpense	0
CY2022Q2	mrc	Number Of Property Limited Partnership NumberOfPropertyLimitedPartnership	8
CY2022Q3	mrc	Incurred Offering Costs IncurredOfferingCosts	600130
CY2022Q4	mrc	Incurred Offering Costs IncurredOfferingCosts	933963
CY2022Q4	us-gaap	Administrative Fees Expense AdministrativeFeesExpense	181500
	us-gaap	Administrative Fees Expense AdministrativeFeesExpense	363000
CY2021Q4	us-gaap	Administrative Fees Expense AdministrativeFeesExpense	152400
	us-gaap	Administrative Fees Expense AdministrativeFeesExpense	304800
CY2022Q4	us-gaap	Noninterest Expense Transfer Agent And Custodian Fees NoninterestExpenseTransferAgentAndCustodianFees	23000
	us-gaap	Noninterest Expense Transfer Agent And Custodian Fees NoninterestExpenseTransferAgentAndCustodianFees	46000
CY2021Q4	us-gaap	Noninterest Expense Transfer Agent And Custodian Fees NoninterestExpenseTransferAgentAndCustodianFees	26600
	us-gaap	Noninterest Expense Transfer Agent And Custodian Fees NoninterestExpenseTransferAgentAndCustodianFees	53201
	mrc	Assets Management Fee Expense AssetsManagementFeeExpense	1457786
	mrc	Assets Management Fee Expense AssetsManagementFeeExpense	1354174
CY2022Q4	mrc	Due To Related Parties Asset Management Fees DueToRelatedPartiesAssetManagementFees	0
CY2022Q2	mrc	Due To Related Parties Asset Management Fees DueToRelatedPartiesAssetManagementFees	0
	mrc	Asset Acquisition Fees AssetAcquisitionFees	870964
	mrc	Asset Acquisition Fees AssetAcquisitionFees	0
CY2022Q4	mrc	Due To Related Parties Asset Acquisition Fees DueToRelatedPartiesAssetAcquisitionFees	0
CY2022Q2	mrc	Due To Related Parties Asset Acquisition Fees DueToRelatedPartiesAssetAcquisitionFees	0
	us-gaap	Administrative Fees Expense AdministrativeFeesExpense	363000
	us-gaap	Administrative Fees Expense AdministrativeFeesExpense	304800
CY2022Q4	mrc	Due To Related Parties Administrative Cost Reimbursements DueToRelatedPartiesAdministrativeCostReimbursements	0
CY2022Q2	mrc	Due To Related Parties Administrative Cost Reimbursements DueToRelatedPartiesAdministrativeCostReimbursements	0
	us-gaap	Noninterest Expense Transfer Agent And Custodian Fees NoninterestExpenseTransferAgentAndCustodianFees	53201
CY2022Q4	mrc	Due To Related Parties Transfer Agent Cost Reimbursements DueToRelatedPartiesTransferAgentCostReimbursements	0
CY2022Q2	mrc	Due To Related Parties Transfer Agent Cost Reimbursements DueToRelatedPartiesTransferAgentCostReimbursements	0
	mrc	Incurred Offering Costs Reimbursement IncurredOfferingCostsReimbursement	334463
	mrc	Incurred Offering Costs Reimbursement IncurredOfferingCostsReimbursement	242409
CY2022Q4	mrc	Due To Related Parties Organization And Offering Cost DueToRelatedPartiesOrganizationAndOfferingCost	333517
CY2022Q2	mrc	Due To Related Parties Organization And Offering Cost DueToRelatedPartiesOrganizationAndOfferingCost	141397
	us-gaap	Other Expenses OtherExpenses	0
	us-gaap	Other Expenses OtherExpenses	0
CY2022Q4	us-gaap	Due To Other Related Parties Current And Noncurrent DueToOtherRelatedPartiesCurrentAndNoncurrent	32787
CY2022Q2	us-gaap	Due To Other Related Parties Current And Noncurrent DueToOtherRelatedPartiesCurrentAndNoncurrent	72697
CY2022Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	366304
CY2022Q2	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	214094
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	21484471
CY2022Q2	us-gaap	Long Term Debt LongTermDebt	19604382
	us-gaap	Investment Company Net Assets From Operations Increase Decrease InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease	-3903451
	us-gaap	Investment Company Net Assets From Operations Increase Decrease InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease	9509956
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13282199.58
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13282199.58
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13350899.2
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13350899.2
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.29
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.29
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.71
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.71
CY2022Q4	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	84865.85
CY2022Q4	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	802353
	us-gaap	Dividends Common Stock DividendsCommonStock	2846681
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	243793
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	2714179
	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	125866
CY2022	us-gaap	Dividends Preferred Stock DividendsPreferredStock	51667
	us-gaap	Dividends Common Stock DividendsCommonStock	2800094
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	440
	mrc	Total Dividends Paid TotalDividendsPaid	1731481
	mrc	Percentage Of Cumulative Cash Dividends On Each Preferred Share PercentageOfCumulativeCashDividendsOnEachPreferredShare	0.06

Files In Submission

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0001140361-23-006990-index.html	Edgar Link	pending
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mrc-20221231_lab.xml	Edgar Link	unprocessable

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$MKZR
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2023 Q1 Form 10-Q Financial Statement

#000114036123006990 Filed on February 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MKZR Mackenzie Realty Capital Inc Stock $mkzr

2023 Q1 Form 10-Q Financial Statement

#000114036123006990 Filed on February 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MKZR
Mackenzie Realty Capital Inc Stock $mkzr