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MacKenzie Realty Capital, Inc. (NASDAQ:MKZR), a small-cap real estate company with a market capitalization of $9.94 million, announced Tuesday that it will mail letters to holders of its Series A, Series B, and Series C preferred stock on Wednesday. The company, which currently offers a substantial 37.24% dividend yield according to InvestingPro, stated that its Board of Directors has approved regular dividends for the quarter ending December 31, 2025, for these preferred share classes.
The information was disclosed in a filing with the Securities and Exchange Commission. According to the filing, the full text of the letters to each series of preferred stockholders is included as exhibits to the report. Despite trading near its 52-week low at $5.35, InvestingPro analysis suggests the stock is currently undervalued, though investors should note the company’s WEAK financial health score.
No further details regarding the dividend amounts or payment dates were provided in the filing. The company indicated that statements regarding the timing of dividend payments are forward-looking and subject to risks described in its previous SEC filings.
MacKenzie Realty Capital is incorporated in Maryland and is listed on the NASDAQ under the ticker MKZR. The announcement is based on a press release statement included in the SEC filing.
In other recent news, MacKenzie Realty Capital, Inc. reported its financial results for the fiscal year ended June 30, 2025, with net revenues reaching $22.06 million, marking a 40% increase from the previous year’s $15.74 million. The company also announced the completion of construction on its Aurora at Green Valley property, which is currently 31% leased. In a strategic move, MacKenzie Realty Capital launched a tender offer to purchase up to 150,000 Class S shares of Starwood Real Estate Income Trust, Inc. at $16.25 per share, a 22% discount to Starwood’s estimated net asset value. This offer aims to provide liquidity to Starwood shareholders facing limited options through the company’s redemption program. Additionally, MacKenzie Realty Capital’s CEO, Robert Dixon, and its adviser, MacKenzie Real Estate Advisers, LP, have increased their ownership stake to over 6% of the company’s outstanding common stock. Dixon expressed confidence in the company’s underlying value, suggesting that the shares’ value significantly exceeds the market price. These developments reflect ongoing strategic initiatives and financial growth within MacKenzie Realty Capital.
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