MacKenzie Realty shares surge 27.99% after-hours after forming apartment subsidiary with $18.10 estimated NAV.

MacKenzie Realty Capital surged 28.0% in after-hours trading following the announcement of its newly formed subsidiary, MacKenzie Apartment Communities, Inc. (MAC), which will focus on multi-family properties. The company transferred all multi-family assets to MAC in exchange for 1.85 million shares, with MAC’s initial net asset value set at $18.10 per share as of January 1, 2026. The move, aimed at streamlining operations and enhancing shareholder value through a clean balance sheet, also opens potential avenues for fundraising or mergers. The substantial after-hours gain reflects investor optimism about the strategic restructuring and the subsidiary’s value-creation potential.