MacKenzie Realty shares surge 41.52% after-hours after announcing spin-off of MacKenzie Apartment Communities, a new stand-alone multifamily REIT with $18.10 NAV per share.

MacKenzie Realty Capital surged 41.52% in after-hours trading following the announcement of a strategic reorganization, creating MacKenzie Apartment Communities, Inc. (MAC) as a standalone entity to focus on West Coast multifamily assets. The move, effective January 1, 2026, transferred four stabilized properties and a development project to MAC, with an initial net asset value (NAV) of $18.10 per share, reflecting appraised values and construction costs. The board highlighted flexibility in capital raising, potential mergers, or a 1:1 spin-off to MKZR shareholders, signaling growth opportunities. The reorganization, coupled with a clean balance sheet and positive market sentiment, drove the sharp after-hours rally.