MacKenzie Realty reports Q3 revenue $4.3M vs. $4.1M last year

Robert Dixon, CEO and President of MacKenzie Realty (MKZR) Capital, stated, “The third quarter results were in line with our internal expectations and although we are disappointed to suspend the cash dividend for our common stockholders, the uncertainty around interest rates and the overall economic outlook has led the Board to this decision. 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. The third quarter included many positives, including successfully raising $4.8 million from an institutional investor which provided us the flexibility to support ongoing refinancing efforts within our current portfolio.”