Mackenzie Realty Capital net loss narrows 41% to $14.13 million in year ended June 30, 2026
Bitget2026/09/28 21:24- Mackenzie Realty Capital posted a net loss of $(14.13) million for FY26, narrowing 41% from the prior year.
- Rental, reimbursements and other property income fell 14% to $13.07 million at commercial properties, while residential rose 18% to $6.94 million.
- Impairment loss on assets held for sale was $1.69 million, tied to Woodland Corporate Center being classified as held for sale.
- Mortgage notes payable outstanding totaled $134.21 million at June 30, 2026, with $10 million drawn on its PRES revolving line of credit.
- Woodland Corporate Center was marketed for sale from October 2025, and a purchase and sale agreement was signed in September 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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