MacKenzie Realty Capital (MKZR) Operating Expenses (2019 - 2025)

MacKenzie Realty Capital (MKZR) reported 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 7 years of Operating Expenses data on file, last reported at $10.4 million in Q2 2025.

  • Operating Expenses for Q2 2025 came in at $10.4 million, up 46.12% year-over-year; the trailing twelve-month figure through Mar 2026 was $10.4 million (down 75.28% YoY), and the FY2025 annual result was $45.5 million, up 77.45% from the prior year.
  • Operating Expenses improved to $10.4 million in Q2 2025 per MKZR's latest filing, from $10.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $14.1 million in Q2 2022 and troughed at $3.4 million in Q1 2021.
  • A 5-year average of $8.0 million and a median of $7.2 million in 2021 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2021 and 2024: Operating Expenses surged 531.75% in 2021, then slumped 50.69% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $4.6 million in 2021, then jumped by 81.36% to $8.4 million in 2022, then slipped by 29.04% to $5.9 million in 2023, then surged by 112.03% to $12.6 million in 2024, then decreased 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vici Properties 29.90 Bn 29.42 Bn 1.01 Bn 16.94 Mn
2 Broadstone Net Lease 4.01 Bn 4.11 Bn - 58.06 Mn
3 American Assets Trust 1.48 Bn 1.42 Bn - 86.87 Mn
4 Safehold 1.14 Bn 1.15 Bn 109.54 Mn 85.31 Mn
5 Empire State Realty Trust 973.69 Mn 1.70 Bn - 47.74 Mn
6 JBG SMITH Properties 887.28 Mn 1.38 Bn - 135.70 Mn
7 CTO Realty Growth 676.07 Mn 676.07 Mn 31.01 Mn 5.08 Mn
8 Gladstone Commercial 618.88 Mn 788.92 Mn - 25.24 Mn
9 AH Realty Trust 547.30 Mn 729.64 Mn - 40.55 Mn
10 MacKenzie Realty Capital 4.60 Mn 31.69 Mn - -

Historic Data

Download Data
DateValue
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