MacKenzie Realty Capital (MKZR) Operating Expenses (2019 - 2025)
MacKenzie Realty Capital (MKZR) posted quarterly Operating Expenses of $10.4 million for Q2 2025, up 46.12% year-over-year from $7.1 million in Q2 2024, and up 3.32% quarter-over-quarter from $10.1 million in Q1 2025.
MacKenzie Realty Capital (MKZR) Operating Expenses (2019 - 2025) Analysis & Trends
MacKenzie Realty Capital (MKZR) has reported Operating Expenses for 7 consecutive years, with $10.4 million the latest figure, recorded in Q2 2025.
- In Q2 2025, Operating Expenses rose 46.12% year-over-year to $10.4 million; the TTM figure through Mar 2026 stood at $10.4 million (down 75.28% YoY), while the FY2025 annual figure was $45.5 million, up 77.45% from the prior year.
- Operating Expenses advanced to $10.4 million in Q2 2025 per MKZR's latest filing, from $10.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $14.1 million in Q2 2022 and bottomed at $3.4 million in Q1 2021.
- Historically, Operating Expenses has averaged $8.0 million across 5 years, with a median of $7.2 million in 2021.
- Annual changes were most pronounced in 2021 — Operating Expenses surged 531.75% — and 2024, when it slumped 50.69%.
- MacKenzie Realty Capital's Operating Expenses stood at $4.6 million in 2021, then surged by 81.36% to $8.4 million in 2022, then dropped by 29.04% to $5.9 million in 2023, then soared by 112.03% to $12.6 million in 2024, then slipped by 17.05% to $10.4 million in 2025.
- Business Quant data shows MKZR's Operating Expenses at $10.4 million in Q2 2025, $10.1 million in Q1 2025, and $12.6 million in Q4 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.92 Bn | 28.48 Bn | 1.05 Bn | 315.61 Mn |
| 2 | W. P. Carey | 16.08 Bn | 16.08 Bn | 441.59 Mn | 297.54 Mn |
| 3 | Broadstone Net Lease | 4.01 Bn | 4.00 Bn | - | 70.36 Mn |
| 4 | Global Net Lease | 1.91 Bn | 1.76 Bn | - | 80.99 Mn |
| 5 | American Assets Trust | 1.38 Bn | 1.38 Bn | - | 83.18 Mn |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 86.39 Mn |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | 85.94 Mn |
| 8 | Empire State Realty Trust | 826.12 Mn | 826.12 Mn | - | 335.61 Mn |
| 9 | CTO Realty Growth | 764.50 Mn | 764.50 Mn | 32.71 Mn | 32.69 Mn |
| 10 | MacKenzie Realty Capital | 3.03 Mn | -4.37 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | 10.44 Mn |
| Mar 31, 2025 | 10.10 Mn |
| Dec 31, 2024 | 12.59 Mn |
| Sep 30, 2024 | 12.39 Mn |
| Jun 30, 2024 | 7.14 Mn |
| Mar 31, 2024 | 6.76 Mn |
| Dec 31, 2023 | 5.94 Mn |
| Sep 30, 2023 | 5.82 Mn |
| Jun 30, 2023 | 7.33 Mn |
| Mar 31, 2023 | 13.70 Mn |
| Dec 31, 2022 | 8.36 Mn |
| Sep 30, 2022 | 5.59 Mn |
| Jun 30, 2022 | 14.15 Mn |
| Mar 31, 2022 | 4.39 Mn |
| Dec 31, 2021 | 4.61 Mn |
| Sep 30, 2021 | 3.83 Mn |
| Jun 30, 2021 | 7.20 Mn |
| Mar 31, 2021 | 3.42 Mn |
| Dec 31, 2020 | 1.28 Mn |
| Sep 30, 2020 | 1.15 Mn |