$1.510
+0.010 (+0.67%)Al cierre
Noticias de MKZR
Eventos de MKZR
MacKenzie Realty to Acquire Over $1M in NHP Shares at $7.27 Each
MacKenzie Realty announced that it is under contract to purchase over $1M in shares of National Healthcare Properties in a tender offer at $7.27 per share. MacKenzie intends to finance this purchase with an additional loan agreement with Streeterville Capital, a division of Chicago Venture Partners within the coming weeks, under terms similar to previous such notes. MacKenzie's tender offer for NHP has been so successful that it increased the number of shares it was offering to purchase from 150,000 shares to 300,000. Separately, the company's recently completed development, Aurora at Green Valley, is now 100% leased, and NOI is ahead of projections. Robert Dixon said "After reporting our first quarterly FFO profitability in several years back in May, we are pleased to be able to continue the upward trend, with contributions not only from the NHP tender offer but also the recently stabilized Aurora at Green Valley."
MacKenzie Realty Initiates Strategic Review of Multi-Family Portfolio
MacKenzie Realty Capital initiated a strategic review of its multi-family portfolio with the goal of enhancing shareholder value. Robert Dixon, CEO, stated, "We believe the net asset value of our multi-family portfolio alone greatly exceeds our market capitalization. We are evaluating options with the goal of getting our share price to more closely reflect the intrinsic value of our assets."
MacKenzie Realty announces FY25 revenue of $22.06M, up from $15.74M the previous year.
Construction at Aurora at Green Valley is now complete. The clubhouse and the three residential buildings have been completed with certificates of occupancy issued, and leasing activity has been robust, with the buildings now 31% leased. Robert Dixon, CEO stated, "The annual results were in line with our internal expectations, and we are pleased with the trajectory toward FFO profitability. We remain focused on successfully executing our growth initiatives while maintaining financial discipline which we believe will deliver sustained value creation over the long term. We are particularly pleased that our revenues continue to grow, our negative FFO has been reduced by more than half, and our negative AFFO has been reduced by 84%."
MacKenzie Realty announces effective date for 1-for-10 reverse stock split
MacKenzie Realty Capital announced that its Board of Directors has approved an effective time August 4, 2025, for its 1-for-10 reverse stock split. MacKenzie's common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market on August 5, 2025, under the current trading symbol, "MKZR." The reverse stock split was approved by MacKenzie's Board of Directors on July 3, 2025, and is intended to increase the per share trading price of the Company's common stock to enable the Company to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market. There is no assurance that MacKenzie's common stock will meet all Nasdaq requirements for continued listing.
MacKenzie Realty announces plans for 1-for-10 reverse stock split
MacKenzie Realty Capital announced that its Board of Directors has approved a 1-for-10 reverse stock split. The reverse stock split was approved by MacKenzie's Board on July 3, 2025, and is intended to increase the per share trading price of the company's common stock to enable the company to satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The 1-for-10 reverse stock split would automatically convert ten current shares of MacKenzie's common stock into one new share of common stock. The reverse stock split would reduce the number of shares of common stock outstanding from 15,781,929.80 shares to approximately 1,578,192 shares. The effective date of the reverse stock split has not yet been determined and will be announced by the company at least two business days prior to its implementation.
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