MacKenzie Realty reports FY25 revenue $22.06M vs. $15.74M last year

Construction at Aurora at Green Valley is now complete. The clubhouse and the three residential buildings have been completed with certificates of occupancy issued, and leasing activity has been robust, with the buildings now 31% leased. Robert Dixon, CEO stated, “The annual results were in line with our internal expectations, and we are pleased with the trajectory toward FFO profitability. We remain focused on successfully executing our growth initiatives while maintaining financial discipline which we believe will deliver sustained value creation over the long term. We are particularly pleased that our revenues continue to grow, our negative FFO has been reduced by more than half, and our negative AFFO has been reduced by 84%.”