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| 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 |