Asia FX moves little with focus on US-China trade, dollar steadies ahead of CPI
MacKenzie Realty Capital, Inc. (NASDAQ:MKZR), a real estate investment trust with a market capitalization of $13.33 million, has announced a change in its certifying accountant. According to InvestingPro analysis, the company currently trades at $0.81 per share and appears undervalued based on Fair Value estimates. The company’s previous independent auditor, Moss Adams LLP, merged with Baker Tilly US, LLP as of June 3, 2025. Following the merger, Moss Adams resigned and Baker Tilly was appointed as the successor auditor by the company’s Audit Committee.
The announcement, made on Monday, detailed that Moss Adams’s audit reports for the fiscal years ending June 30, 2024, and 2023, did not contain any adverse opinions or disclaimers and were not qualified or modified regarding audit scope or accounting principles. This comes as the company maintains a significant dividend yield of 23.81%, though InvestingPro data shows the stock has declined by 81% over the past year.
Furthermore, during the fiscal years mentioned and the subsequent interim period until June 9, 2025, there were no disagreements between the company and Moss Adams on accounting principles, practices, financial statement disclosure, or auditing scope or procedure. There were also no reportable events as defined in Regulation S-K that would require disclosure.
Prior to the merger, MacKenzie Realty had not consulted Baker Tilly on any matters that would require disclosure under the Commission’s rules, including accounting principles or auditing scope.
MacKenzie Realty has provided Moss Adams with a copy of the disclosures in the 8-K filing, requesting a letter from Moss Adams to the SEC confirming their agreement with the statements made. The letter from Moss Adams, dated June 9, 2025, is included as an exhibit in the Form 8-K filing.
This corporate update is based on information contained in a recent SEC filing by MacKenzie Realty Capital, Inc. For deeper insights into MKZR’s financial health and additional analysis, including 8 more key ProTips and comprehensive financial metrics, consider accessing InvestingPro’s detailed company report.
In other recent news, MacKenzie Realty Capital, Inc. has declared a quarterly dividend of $0.05 per share for its common stockholders for the period ending March 31, 2025. The dividend is expected to be paid on or around April 25, 2025, to shareholders who are recorded as of the relevant date. Additionally, MacKenzie Realty plans to send communications to its Series A and B preferred stockholders by April 12, 2025, and to common stockholders by April 25, 2025. These communications are part of the company’s routine disclosures and are included as exhibits in its latest 8-K filing with the SEC. MacKenzie Realty emphasizes that the information in these communications should not be considered material for regulatory purposes. The company is committed to transparency with its investors, aligning its actions with SEC regulations. The announcement reflects MacKenzie Realty’s ongoing investor relations strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.