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

MacKenzie Realty Capital's (MKZR) quarterly Operating Expenses came in at $10.4 million in Q2 2025, up 46.12% year-on-year from $7.1 million in Q2 2024, and up 3.32% on a QoQ basis 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.

  • On a quarterly basis, Operating Expenses rose 46.12% year-over-year to $10.4 million in Q2 2025; TTM through Mar 2026 was $10.4 million, a 75.28% decrease from a year earlier, with the FY2025 full-year figure at $45.5 million, up 77.45% from the prior year.
  • Operating Expenses for Q2 2025 stood at $10.4 million, up from $10.1 million in the prior quarter.
  • Over the last five years, Operating Expenses for MKZR reached as high as $14.1 million in Q2 2022 and fell as low as $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.
  • Across the five-year window, Operating Expenses soared 531.75% in 2021 and plunged 50.69% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $4.6 million in 2021, then jumped by 81.36% to $8.4 million in 2022, then fell by 29.04% to $5.9 million in 2023, then surged by 112.03% to $12.6 million in 2024, then declined by 17.05% to $10.4 million in 2025.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 28.12 Bn 27.64 Bn 1.01 Bn 15.98 Mn
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn 255.10 Mn
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - 58.06 Mn
4 American Assets Trust 1.47 Bn 1.41 Bn - 86.87 Mn
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn 85.31 Mn
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - 160.87 Mn
7 Cim 917.30 Mn 735.54 Mn - 64.12 Mn
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - 135.70 Mn
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 30.88 Mn
10 MacKenzie Realty Capital 3.25 Mn -4.16 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