Mainstreet Equity Corp. (T:MEQ)

Business Focus: Residential Real Estate Rental & Development

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May 24, 2024 08:38 am ET

Mainstreet Equity Corp. Cyber Incident

On May 21, 2024, Mainstreet Equity Corp. (TSX: MEQ) was the target of a cybersecurity incident, which affected Mainstreet’s internal systems. At this time Mainstreet has no reason to believe that its operating platform has been affected by this incident in any way.

May 07, 2024 06:57 am ET

Mainstreet Equity Achieves Tenth Consecutive Quarter of Double-digit Growth in Q2

Mainstreet posted our tenth consecutive quarter of double-digit, year-over-year growth across all key operating metrics in Q2 2024. Funds from operations (“FFO”) before current corporate tax increased 46%, near the fastest rate in Mainstreet history. Net operating income (“NOI”) rose 23%, same-asset NOI grew 17%, rental revenues increased 19%, and operating margins improved to 61%.

Apr 11, 2024 04:47 pm ET

Mainstreet Equity Corp. Announces Quarterly Dividend for Period Ending March 31, 2024

Mainstreet Equity Corp. (TSX, MEQ) today announces that the Board of Directors of Mainstreet Equity Corp. (Mainstreet) declared a quarterly cash dividend of $0.0275 per Common Share of Mainstreet for the quarter ending March 31, 2024. The dividend is payable on April 30, 2024, to shareholders of record at the close of business on April 16, 2024. The ex-dividend date is April 15, 2024.

Mar 08, 2024 02:19 pm ET

Mainstreet Equity Corp. held Annual Shareholder Meeting on March 7, 2024

Mainstreet Equity Corp. (“Mainstreet” or the “Corporation”) (TSX:MEQ) is pleased to announce the results of the annual meeting of shareholders held on March 7, 2024 (the “Meeting”). The Meeting had a very strong shareholder turnout with holders of approximately 83% of the issued and outstanding common shares represented in person or by proxy.

Feb 06, 2024 06:58 am ET

Mainstreet Equity Corp Achieves 9th Consecutive Quarter of Double-digit Growth in Q1

In Q1 2024, Mainstreet posted its ninth consecutive quarter of double-digit, year-over-year growth across all key operating metrics. Funds from operations (“FFO”) before current income tax grew near the fastest rates in Mainstreet history at 32%, FFO increased 23%, net operating income (“NOI”) increased 23%, same-asset NOI rose 16% and rental revenues grew 19%.

Jan 09, 2024 07:10 am ET

Mainstreet Equity Corp. Announces Quarterly Dividend for period ending December 31, 2023

Mainstreet Equity Corp. (TSX, MEQ) today announces that the Board of Directors of Mainstreet Equity Corp. (Mainstreet) declared a quarterly cash dividend of $0.0275 per Common Share of Mainstreet for the quarter ending December 31, 2023. The dividend is payable on January 31, 2024, to shareholders of record at the close of business on January 16, 2024. The ex-dividend date is January 15, 2024.

Dec 05, 2023 06:57 am ET

Mainstreet Equity Corp Achieved 24 Years of Continued Double-digit Growth Across Key Metrics

In Q4 2023, Mainstreet posted our eighth consecutive quarter of double-digit, year-over-year growth across all key operating metrics. We view these results as a significant achievement given that Mainstreet has been operating through successive quarters of historically severe headwinds. Capping off this highly successful fiscal year, we are looking forward to strong tailwinds in fiscal 2024.

Jul 25, 2023 06:58 am ET

Mainstreet Equity Corp Achieved Double Digit Growth Across All Key Operating Metrics Including Same Store Results

In Q3 2023, Mainstreet Equity Corp. (“Mainstreet”, TSX:MEQ) achieved double-digit, year-over-year growth across all key operating metrics for the seventh consecutive quarter. Funds from operations (“FFO”) increased 32%, net operating income (“NOI”) grew 22% and rental revenues rose 18%. Same-asset revenue and NOI also accelerated, increasing 10% and 13%, respectively. Despite inflationary pressures, operating margins improved to 63%, up from 61% in 2022.

Jun 01, 2023 07:01 am ET

Mainstreet Announces Normal Course Issuer Bid (NCIB)

Mainstreet Equity Corp. (“Mainstreet” or the “Corporation”) (TSX:MEQ) announced on May 31, 2023 that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Corporation (“Shares”) on the open market in accordance with the rules of the TSX. The May 31, 2023 news release incorrectly stated that the bid would commence on June 1, 2023 and terminate on May 31, 2024. The correct date for the commencement of the bid is June 3, 2023 and the bid will terminate on June 2, 2024. All other aspects of the May 31

May 31, 2023 07:00 am ET

Mainstreet Announces Normal Course Issuer Bid

Mainstreet Equity Corp. (“Mainstreet” or the “Corporation”) (TSX:MEQ) today announced that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Corporation (“Shares”) on the open market in accordance with the rules of the TSX.

May 09, 2023 06:57 am ET

Mainstreet Equity Corp Reports 16% Growth in Revenues

In Q2 2023, Mainstreet Equity Corp. (“Mainstreet”, TSX:MEQ) once again achieved double-digit, year-over-year growth across all key operating metrics for the sixth consecutive quarter, extending a period of high performance from Q1 as we continue to exhibit solid results despite economic volatility. Funds from operations (“FFO”) grew 25% in Q2, net operating income (“NOI”) increased 18%, and revenues rose 16% (on a per-share basis, FFO grew 26% from $1.21 to $1.52 in Q2 2023).

Mar 10, 2023 03:57 pm ET

Mainstreet Equity Corp. Annual General Meeting Results

Mainstreet Equity Corp. (“Mainstreet” or the “Corporation”) (TSX:MEQ) is pleased to announce the results of its annual general meeting of shareholders held March 9, 2023 (the “Meeting”). The Meeting had a very strong shareholder turnout with holders of approximately 86% of the issued and outstanding common shares represented in person or by proxy. There are currently 9,318,818 common shares outstanding.

Feb 16, 2023 07:30 am ET

Mainstreet Equity Corp. Annual General Meeting Thursday, March 09, 2023

Mainstreet Equity Corp. (“Mainstreet”, TSX: MEQ) wishes to advise its shareholders that there was a typographical error in its Notice of Meeting and Management Information Circular (“Circular”), relating to the Annual General Meeting of Common Shareholders of Mainstreet Equity Corp. being held March 9, 2023, which was filed on SEDAR February 13, 2023 and mailed to Mainstreet’s shareholders. The Circular incorrectly stated that the Record Date to determine the registered shareholders entitled to receive the Notice of Meeting was February 8, 2023.

Feb 14, 2023 06:57 am ET

Mainstreet Equity Corp Reports 13% Growth in Revenues

In Q1 2023, Mainstreet Equity Corp. (“Mainstreet”, TSE:MEQ) achieved double-digit, year-over-year growth across all key operating metrics for the fifth consecutive quarter. These Q1 results are the strongest that Mainstreet has posted since the beginning of the global pandemic, with funds from operations (“FFO”) growing 26%, net operating income (“NOI”) rising 16%, and revenues increasing 13%. NOI on a same-asset basis increased 12%.

Jan 11, 2023 09:00 am ET

Zenbase Partners With Mainstreet Equity to Offer Their Residents Flexible Rent Payments

Zenbase has partnered with Mainstreet Equity (TSX: MEQ) to offer flexible rent payment options to all residents across its over 16,500 units across British Columbia, Alberta, Manitoba, and Saskatchewan. Zenbase is a leading provider of flexible rent payments, and their personal budgeting tool allows residents to split their monthly rent into two

Dec 13, 2022 10:21 am ET

Mainstreet Equity Corp. Announces FY2022 Results

In Q4, Mainstreet achieved our fourth consecutive quarter of double-digit, year-over-year growth across our most important operating metrics, with rental revenues increasing 12%, funds from operations (“FFO”) growing 11% and net operating income (“NOI”) rising 10%.

Jul 26, 2022 07:00 am ET

MAINSTREET EQUITY CORP. ANNOUNCES Q3 2022 RESULTS

CALGARY, AB, July 26, 2022 /CNW/ - In Q3, Mainstreet achieved its third consecutive quarter of double-digit, year-over-year growth across its three most important operating metrics, with rental revenues increasing 14%, net operating income ("NOI") increasing 13%, and funds from operations ("FFO") growing 12%.

May 30, 2022 07:00 am ET

MAINSTREET ANNOUNCES NORMAL COURSE ISSUER BID

CALGARY, AB, May 30, 2022 /CNW/ ‑ Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX: MEQ) today announced that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Corporation ("Shares") on the open market in accordance with the rules of the TSX.

May 10, 2022 07:00 am ET

MAINSTREET EQUITY CORP. ANNOUNCES Q2 2022 RESULTS

CALGARY, AB, May 10, 2022 /CNW/ - In Q2 2022, Mainstreet achieved its second consecutive quarter of double-digit, year-over-year growth across its three most important operating metrics, with rental revenues and net operating income ("NOI") increasing 14%, and funds from operations ("FFO") growing 12%.

Mar 25, 2022 11:29 am ET

Mainstreet Equity Corp. Women Lead Here

CALGARY, AB, March 25, 2022 /CNW/ - Mainstreet Equity Corp. (Mainstreet), Canada's leading real estate corporation on the TSX (TSX: MEQ), specializing in quality, affordable mid-market apartment buildings in western Canada, are proud to be included as a leader in gender equity in the annual "Women Lead Here" list published by the Globe and Mail's Report on Business (ROB) magazine. This annual editorial benchmark identifies best-in-class executive gender diversity in corporate Canada.

Mar 11, 2022 06:00 am ET

Mainstreet Equity Corp. held Annual and Special Shareholder Meeting on March 10, 2022

CALGARY, AB, March 11, 2022 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX: MEQ) is pleased to announce the results of the annual and special meeting of shareholders held on March 10, 2022 (the "Meeting"). The Meeting had a very strong shareholder turnout with holders of approximately 86% of the issued and outstanding common shares represented in person or by proxy.

Mar 07, 2022 06:38 pm ET

Leading Canadian real estate company offers housing, supplies for Ukrainians

CALGARY, AB, March 7, 2022 /CNW/ - Mainstreet Equity Corp. (Mainstreet), Canada's leading real estate company on the TSX (TSX: MEQ), specializing in quality, affordable mid-market apartment buildings in western Canada, today responded to the war in Ukraine with an announcement that they will provide housing assistance to refugees from Ukraine. Mainstreet will work alongside community agencies that specialize in refugee resettlement work to ensure they assist as many people as possible. The Company will also be sending a shipment of unworn winter coats in both adult and children's sizes, as w

Feb 14, 2022 06:00 am ET

MAINSTREET EQUITY CORP. ANNOUNCES Q1 2022 RESULTS

CALGARY, AB, Feb. 14, 2022 /CNW/ - In Q1 2022, Mainstreet achieved double-digit, year-over-year growth across its three most important operating metrics. Net operating income ("NOI") and revenues increased 12%, while funds from operations ("FFO") saw their fourth consecutive quarter of double-digit growth at 10%.

Dec 07, 2021 06:00 am ET

Mainstreet Equity Corp. Announces Year End 2021 Results

CALGARY, AB, Dec. 7, 2021 /CNW/ - Mainstreet continued to see highly positive results in Q4 2021, achieving double-digit growth across all key metrics, including a 14% increase in funds from operations ("FFO"), a 12% rise in net operating income ("NOI"), and a 10% increase in rental revenues compared with Q4 last year.

Sep 29, 2021 01:00 pm ET

Calgary real estate company offers help to displaced Afghan refugees

CALGARY, AB, Sept. 29, 2021 /CNW/ - Mainstreet Equity Corp. (TSX: MEQ) is Canada's leading real estate corporation on the TSX, specializing in mid-market apartment buildings in western Canada. Today, Mainstreet has responded to the arrival of Afghan refugees with an announcement that they will provide housing assistance. Mainstreet is working alongside Community Agencies that specialize in refugee resettlement to ensure that as many people as possible are assisted.

Jul 27, 2021 07:00 am ET

Mainstreet Equity Corp. Releases Q3 2021 Results

Calgary, AB, July 27, 2021 /CNW/ - Mainstreet continued to see improvement across all key metrics in Q3 2021, achieving our second consecutive quarter of double-digit growth in funds from operations ("FFO") and a steady increase in rental revenues. We also continued to pursue our countercyclical growth strategy in the quarter, acquiring 918 units for a total consideration of $122 million (year-to-date ("YTD") acquisitions totaled $176 million, or 1,373 units). Our management team continued to leverage low interest rates in Q3, raising $48 million through the refinancing of 10-year, CMHC-insu

May 28, 2021 03:56 pm ET

Mainstreet Announces Normal Course Issuer Bid

CALGARY, AB, May 28, 2021 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX: MEQ) today announced that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Corporation ("Shares") on the open market in accordance with the rules of the TSX.

May 11, 2021 07:00 am ET

Mainstreet Equity Corp. Releases Q2 2021 Results

CALGARY, AB, May 11, 2021 /CNW/ - Even under immensely challenging operating conditions in Q2 2021, Mainstreet managed to achieve growth across all of our key metrics. Funds from operations ("FFO") increased 11% compared with last year, while revenues rose 5% and net operating income ("NOI") increased 4%. Year-to-date ("YTD") we successfully expanded our portfolio as part of a broad diversification effort, acquiring 662 residential apartment units for a total consideration of $80 million, including 393 units in British Columbia ($50 million). We also raised an additional $54.8 million throug

Mar 19, 2021 05:00 pm ET

Mainstreet Equity Corp Announces Retirement of COO

CALGARY, March 19, 2021 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX: MEQ) announces that Mr. Johnny Lam, the Corporation's Chief Operating Officer, has advised Mainstreet of his decision to retire from the Company upon reaching the age of 65, being April 20, 2021.

Mar 12, 2021 05:13 pm ET

Mainstreet Equity Corp held Annual Shareholder Meeting on March 12, 2021

CALGARY, AB, March 12, 2021 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX: MEQ) is pleased to announce the results of the annual meeting of shareholders held on March 12, 2021 (the "Meeting"). The meeting had a very strong shareholder turnout with holders of approximately 87% of the issued and outstanding common shares represented in person or by proxy.

Feb 12, 2021 06:00 am ET

Mainstreet Equity Corp. Releases Q1 2021 Results

CALGARY, AB, Feb. 12, 2021 /CNW/ - Despite extremely challenging operating conditions in Q1 2021, Mainstreet managed to maintain funds from operations ("FFO") at the same level as the previous year, while achieving a slight improvement in FFO per share and 5% growth in rental revenue. A 6% drop in same-asset NOI is well below our typical standards, yet still exceeded our expectations given the current macroeconomic context. In fact, we believe these results are evidence that the multifamily apartment space remains the most resilient asset class across the entire real estate industry—particul

Dec 07, 2020 06:00 am ET

Mainstreet Equity Corp. Releases Q4 2020 Results

CALGARY, AB, Dec. 7, 2020 /CNW/ - Despite the global pandemic persisting for much of fiscal 2020, Mainstreet still managed to achieve year-over-year double-digit growth in funds from operations ("FFO") in 2020, increasing 11% from the previous year. Revenues rose 9% and net operating income ("NOI") increased 8%. We believe these results demonstrate the extraordinarily resilient nature of the mid-market rental industry (with a price-point average between $900 and $1,000), which has remained stable even as other sectors face widespread disruption. Mainstreet collection rates, for example, rema

Aug 11, 2020 07:00 am ET

Mainstreet Equity Corp. Releases Q3 2020 Results

CALGARY, AB, Aug. 11, 2020 /CNW/ - The global pandemic continued to spread economic uncertainty in the third quarter of 2020. For Mainstreet, that meant shifting our priorities from financial performance toward furthering our social responsibility, in order to ensure the health and safety of our team and of our tenants. We viewed this strategy as absolutely necessary, particularly as the provider of an essential service with customers spread across 13,579 units year-to-date ("YTD"). Supporting our customer base—including financial assistance for residents struggling to pay rent—will remain t

Jun 23, 2020 07:00 am ET

Mainstreet Equity Corp. Releases Q2 2020 Results

CALGARY, AB, June 23, 2020 /CNW/ - As the COVID-19 pandemic stuck near the end of Q2, Mainstreet shifted its priorities from financial performance toward social responsibility, in order to ensure the health and safety of our team and of our tenants. We deemed this to be the only correct course of action in the face of a global crisis, and as the provider of an essential service with tenants spread across 13,375 units year-to-date ("YTD"). Supporting our client base—including financial assistance for residents struggling to pay rent—will remain top of mind through coming quarters.

Jun 18, 2020 05:24 pm ET

Mainstreet Equity Corp Provides Update on Filing of Q2 Financial Statements and MD&A

CALGARY, AB, June 18, 2020 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX: MEQ) announces that, further to its April 16, 2020 news release, Mainstreet has postponed its filing of the Company's interim financial statements for the three and six months period ended March 31, 2020 ("Q2 Financial Statements") and associated management's discussion and analysis ("Q2 MD&A", and collectively with the Q2 Financial Statements, the "Q2 Filings") to June 23, 2020.

May 28, 2020 07:30 am ET

Mainstreet Announces Normal Course Issuer Bid

CALGARY, May 28, 2020 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX: MEQ) today announced that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Corporation ("Shares") on the open market in accordance with the rules of the TSX.

Apr 16, 2020 07:30 am ET

Mainstreet Equity Corp Announces Postponement of Filing of Q2 Financial Statements and MD&A to June 23, 2020

CALGARY, April 16, 2020 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) announces that filing of the Company's interim financial statements for the six month period ended March 31, 2020 ("Q2 Financial Statements") and associated management's discussion and analysis ("Q2 MD&A", and collectively with the Q2 Financial Statements, the "Q2 Filings") will be postponed due to delays caused by the COVID-19 pandemic.

Mar 12, 2020 08:23 pm ET

Mainstreet Equity Corp held Annual Shareholder Meeting on March 12, 2020

CALGARY, March 12, 2020 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) is pleased to announce the results of the annual meeting of shareholders held on March 12, 2020 (the "Meeting"). The meeting had a very strong shareholder turnout with holders of approximately 90% of the issued and outstanding common shares represented in person or by proxy.

Feb 11, 2020 06:30 am ET

Mainstreet Equity Corp. Releases Q1 2020 Results

CALGARY, Feb. 11, 2020 /CNW/ - Mainstreet's Q1 2020 results mark the 7th consecutive quarter of year-over-year double-digit growth in all of its key metrics, extending a steady improvement in its operational performance that has continued to deliver non-dilutive value to shareholders. Continued growth in rental revenue, net operating income ("NOI"), and funds from operations ("FFO") comes despite the fact that Q1 is typically a low rental season.

Dec 09, 2019 06:30 am ET

Mainstreet Equity Corp. Releases Q4 2019 Results

CALGARY, Dec. 9, 2019 /CNW/ - Mainstreet's 2019 results mark the sixth consecutive quarter of year-over-year double-digit growth in all of our key metrics, solidifying a steady improvement in our operational performance that has continued to deliver non-dilutive value to our shareholders.

Jul 23, 2019 07:00 am ET

Mainstreet Equity Corp. Releases Q3 2019 Results

CALGARY, July 23, 2019 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation"), an add-value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the quarter ended June 30, 2019.

May 30, 2019 08:00 am ET

Mainstreet Announces Normal Course Issuer Bid

CALGARY, May 30, 2019 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) today announced that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Corporation ("Shares") on the open market in accordance with the rules of the TSX.

May 14, 2019 07:30 am ET

Mainstreet Equity Corp. Releases Q2 2019 Results

CALGARY, May 14, 2019 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation"), an add- value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the quarter ended March 31, 2019.

Mar 29, 2019 07:15 pm ET

Mainstreet Equity Corp held Annual Shareholder Meeting on March 29, 2019

CALGARY, March 29, 2019 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) is pleased to announce the results of the annual and special meeting of shareholders held on March 29, 2019 (the "Meeting"). The meeting had a very strong shareholder turnout with holders of approximately 89% of the issued and outstanding common shares represented in person or by proxy.

Mar 01, 2019 06:00 am ET

Mainstreet Announces Exercise of Stock Options

CALGARY, March 1, 2019 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX: MEQ) today announced that all of the holders ("Holders") of the Corporation's remaining outstanding incentive stock options ("Options"), each of which is a director or officer of the Corporation, have exercised their Options, at an exercise price of $5.51 per common share of the Corporation ("Common Share") in accordance with the terms of Mainstreet's stock option plan (the "Option Plan"). As a result of such exercise, Mainstreet has no options issued or outstanding, and as the Option Plan has ex

Feb 14, 2019 06:00 am ET

Mainstreet Equity Corp. Releases Q1 2019 Results

CALGARY, Feb. 14, 2019 /CNW/ - Simply put, the first quarter results are among the best year-over-year improvements in Mainstreet history, with a significant increase in both funds from operations ("FFO") and net operating income ("NOI"), rising 51% and 27%, respectively. Rental revenues also grew 21%.

Jan 09, 2019 06:00 am ET

Mainstreet Equity Corp. Announces Change of Auditors

CALGARY, Jan. 9, 2019 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) is pleased to announce the appointment of PricewaterhouseCoopers ("PWC") as its auditor.

Dec 13, 2018 06:00 am ET

Mainstreet Equity Corp. Releases FY 2018 Results

CALGARY, Dec. 13, 2018 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation"), an add-value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the year ended September 30, 2018.

Jul 17, 2018 07:00 am ET

Mainstreet Equity Corp. Releases Q3 2018 Results

CALGARY, July 17, 2018 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation"), an add-value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the three months ended June 30, 2018.

May 30, 2018 07:00 am ET

Mainstreet Announces Normal Course Issuer Bid

CALGARY, May 30, 2018 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) today announced that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Corporation ("Shares") on the open market in accordance with the rules of the TSX.

May 08, 2018 07:00 am ET

Mainstreet Equity Corp Releases Q2 2018 Results

CALGARY, May 8, 2018 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation"), an add-value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the three months ended March 31, 2018.

Mar 16, 2018 08:05 pm ET

Mainstreet Equity Corp held Annual Shareholder Meeting on March 16, 2018

CALGARY, March 16, 2018 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) is pleased to announce the results of the annual and special meeting of shareholders held on March 16, 2018 (the "Meeting"). The meeting had a very strong shareholder turnout with holders of approximately 89% of the issued and outstanding common shares represented in person or by proxy. Navjeet (Bob) Dhillon, Joseph Amantea, Richard Grimaldi, Karanveer Dhillon, John Irwin and Ron Anderson were re-elected to the board of directors of the Corporation for the upcoming year as follows:

Mar 12, 2018 07:00 am ET

Mainstreet Announces Withdrawal of Resolution to Approve Stock Option Plan

CALGARY, March 12, 2018 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) today announced that it will be withdrawing from the matters of business to be considered at the annual and special meeting of shareholders of Mainstreet to be held on March 16, 2018 (the "Meeting"), the ordinary resolution to approve a new stock option plan of the Corporation (the "2018 Plan").

Feb 13, 2018 06:00 am ET

Mainstreet Equity Corp Releases Q1 2018 Results

CALGARY, Feb. 13, 2018 /CNW/ – Mainstreet Equity Corp. ("Mainstreet" or the "Corporation), an add-value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the three months ended December 31, 2017.

Dec 13, 2017 06:00 am ET

Boardwalk REIT agrees to sell a 641-unit apartment portfolio in Regina, Saskatchewan to Mainstreet Equity Corporation

Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX)Mainstreet Equity Corporation ("MEQ" – TSX)

Dec 13, 2017 06:00 am ET

Boardwalk REIT agrees to sell a 641-unit apartment portfolio in Regina, Saskatchewan to Mainstreet Equity Corporation

Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX)Mainstreet Equity Corporation ("MEQ" – TSX)

Dec 13, 2017 06:00 am ET

Mainstreet Equity Corp Releases FY 2017 Results

CALGARY, Dec. 13, 2017 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation"), an add-value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the year ended September 30, 2017.

Jul 20, 2017 08:30 am ET

Mainstreet Equity Corp. Releases its Q3 2017 Results

CALGARY, July 20, 2017 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation"), an add-value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the three months ended June 30, 2017.

May 30, 2017 08:30 am ET

Mainstreet announces normal course issuer bid

CALGARY, May 30, 2017 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) today announced that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Corporation ("Shares") on the open market in accordance with the rules of the TSX.

May 09, 2017 08:30 am ET

Mainstreet Equity Corp. Releases its Q2 2017 Results

CALGARY, May 9, 2017 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation), an add-value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the three months ended March 31, 2017.

Mar 17, 2017 08:12 pm ET

Mainstreet Equity Corp held Annual Shareholder Meeting on March 17, 2017

CALGARY, March 17, 2017 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) is pleased to announce the results of the annual meeting of shareholders held on March 17, 2017. The meeting had a very strong shareholder turnout with holders of approximately 85% of the issued and outstanding common shares represented in person or by proxy.

Mar 01, 2017 07:00 am ET

Mainstreet Equity Corp. adds depth to Executive Management Team

CALGARY, March 1, 2017 /CNW/ – Bob Dhillon, President and Chief Executive Officer of the Corporation is pleased to announce the appointment of Trina Cui as Chief Financial Officer of the Corporation effective March 1, 2017. Ms. Cui joined Mainstreet in December, 2008 serving most recently as Vice President, Corporate Finance of the Corporation. She holds a Chartered Professional Accountant - Certified General Accountant designation, obtained a Bachelor of Commerce (High Honours) degree double major in Accounting and Finance from Carleton University, Ottawa, Ontario and a Master of Business A

Feb 14, 2017 07:30 am ET

Mainstreet Equity Corp. Reports Q1 2017 Results

CALGARY, Feb. 14, 2017 /CNW/ – Mainstreet Equity Corp. ("Mainstreet" or the "Corporation), an add-value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the three months ended December 31, 2016.

Dec 06, 2016 07:00 am ET

Mainstreet Releases FY 2016 Results

CALGARY, Dec. 6, 2016 /CNW/ - Mainstreet Equity Corp. (TSX: MEQ, "Mainstreet" or the "Corporation"), an add-value, mid-market consolidator of apartments in Western Canada, is announcing its operating and financial results for the year ended September 30, 2016.

Jul 21, 2016 08:00 am ET

Mainstreet reports Q3 2016 results

CALGARY, July 21, 2016 /CNW/ - Mainstreet Equity Corp. (TSX: MEQ, "Mainstreet" or the "Corporation), an add-value, mid-market consolidator of apartments in Western Canada, announces its operating and financial results for the three months ended June 30, 2016. After six years of sustained growth, Mainstreet encountered a negative trend in net operating income ("NOI") and funds from operations ("FFO") in the quarter.

May 30, 2016 07:30 am ET

Mainstreet Announces Normal Course Issuer Bid

CALGARY, May 30, 2016 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) today announced that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Corporation ("Shares") on the open market in accordance with the rules of the TSX.

May 10, 2016 08:15 am ET

Mainstreet announces Q2 2016 earnings

CALGARY, May 10, 2016 /CNW/ - Mainstreet Equity Corp. (TMX: MEQ, "Mainstreet" or the "Corporation), an add-value, mid-market consolidator of apartments in Western Canada, is reporting its Q2 results amid a challenging economic environment. In the face of the current market uncertainty, we are rapidly transitioning toward a business model that will take full advantage of slower economic conditions. While prolonged low oil prices have negatively impacted some of our core markets, Saskatoon is showing early signs of recovery. In Alberta, meanwhile, we expect that the upcoming high rental season

May 06, 2016 05:11 pm ET

100 Suites Filled in 24 Hours: Mainstreet Pledging More Help to Fort McMurray Evacuees

CALGARY, May 6, 2016 /CNW/ - Within the first 24 hours of offering free rent for 3 months to Fort McMurray evacuees, Mainstreet has filled 100 suites in Edmonton, Calgary and Saskatoon helping hundreds of evacuees in their time of need. Mainstreet sees the growing need for continued support as the demand for assistance is overwhelming.

May 04, 2016 03:59 pm ET

Mainstreet Offers 100 Apartments to Victims of Devastating Fort McMurray Fire

CALGARY, May 4, 2016 /CNW/ - Alberta-based Mainstreet Equity today offered 100 apartments with at least 3 months of free rent for victims of the devastating fire which has created a state of emergency in Fort McMurray. The suites are located in Calgary, Edmonton or Saskatoon, where Mainstreet has apartment units available.

Apr 22, 2016 09:00 am ET

Mainstreet announces final results of substantial issuer bid

CALGARY, April 22, 2016 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") today announced the final results of its substantial issuer bid (the "Offer") to purchase for cancellation up to 1,200,000 of its issued and outstanding common shares ("Shares"), which expired at 5:00 p.m. (Eastern time) on April 12, 2016.

Apr 13, 2016 08:30 am ET

Mainstreet announces preliminary results of substantial issuer bid

CALGARY, April 13, 2016 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation"), today announced the preliminary results of its substantial issuer bid (the "Offer") to purchase for cancellation up to 1,200,000 of its outstanding common shares ("Shares"), which expired at 5:00 p.m. (Eastern time) on April 12, 2016.

Mar 18, 2016 07:19 pm ET

Mainstreet Equity Corp held Annual and Special Shareholder Meeting on March 18, 2016

CALGARY, March 18, 2016 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) is pleased to announce the results of the annual and special meeting of shareholders held on March 18, 2016. The meeting had a very strong shareholder turnout with holders of approximately 84.7% of the issued and outstanding common shares represented in person or by proxy.

Mar 02, 2016 07:00 am ET

Mainstreet intends to repurchase up to CDN$43.2 million of its common shares through a substantial issuer bid

CALGARY, March 2, 2016 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation"), today announced that it intends to make a substantial issuer bid (the "Offer") pursuant to which the Corporation will offer to purchase for cancellation up to 1,200,000 of its outstanding common shares ("Shares") a price of $36.00 per Share, a 14.3% premium over the closing price on the Toronto Stock Exchange on Tuesday, March 1, 2016. No minimum number of Shares need to be tendered but the maximum number of Shares that may be purchased by Mainstreet is 1,200,000, representing approximately 11.8% of

Feb 16, 2016 07:00 pm ET

Annual and special general meeting of common shareholders of Mainstreet Equity Corp.

CALGARY, Feb. 16, 2016 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation"), today announced that an annual and special general meeting of holders of common shares of the Corporation is proposed to be held on Friday, March 18, 2016. It is anticipated that a notice of meeting together with a management information circular and an instrument of proxy will be mailed to shareholders of the Corporation in the near future.

Feb 10, 2016 08:00 am ET

Mainstreet announces stable Q1 earnings and plan for growth

CALGARY, Feb. 10, 2016 /CNW/ - Mainstreet Equity Corp. (TMX: MEQ, "Mainstreet" or the "Corporation"), an add-value, mid-market consolidator of apartments in Western Canada, is pleased to announce stable earnings for Q1 2016 despite economic uncertainty in some of its core markets.

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Business Focus: Residential Real Estate Rental & Development