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Mainstreet Equity Corp. (T:MEQ)

Business Focus: Residential Real Estate Rental & Development

INK Edge Outlook

Insider Chart - Past 6 Months

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Insider Filings

Latest 10 SEDI filings for MEQ within the last 6 months
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Company News

Jul 26, 2022 07:00 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%. 
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May 30, 2022 07:00 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. 
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Valuation Ratios

Industry
Sector
Beta
1.54
--
--
Price to Sales - TTM
6.76
5.88
4.97
Price to Book - most recent quarter
1.03
0.88
1.20
Price to Cash Flow per share - TTM
11.32
7.41
6.83
Price to Free Cash Flow per share - TTM
28.29
47.39
26.62
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jul 31, 202295,7615,932
Jul 15, 202289,8292,605
Jun 30, 202287,2242,411
See Short Report

Business Summary

Sector:  Real Estate Industry:  Real Estate Rental, Development & Operations

Mainstreet Equity Corp. is a Canada-based real estate company that is focused on acquiring and managing mid-market rental apartment buildings primarily in Western Canada. The Company owns and manages properties in Calgary, Edmonton, Vancouver/Lower Mainland BC, Saskatoon, Regina, Kamloops, and Lethbridge. The Company's properties include Airdrie Apartments, Calgary Apartments, Cochrane Apartments, Edmonton Apartments, Fort Saskatchewan Apartments, Lethbridge Apartments, Abbotsford Apartments, Chilliwack Apartments, Courtenay Apartments, Kamloops Apartments, New Westminster Apartments, Penticton Apartments, Vernon Apartments, Manitoba, Winnipeg Apartments, Saskatchewan, Regina Apartments, and Saskatoon Apartments. The Company also provides student housing facilities, including MacEwan University, Mount Royal University, Simon Fraser University, University of Calgary, University of Fraser Valley, University of Lethbridge, University of Regina, and the University of Saskatchewan.

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