Mainstreet Equity Corp. (T:MEQ)
Business Focus: Residential Real Estate Rental & Development
Sunny as of January 01, 2022
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Insider Filings
Latest 10 SEDI filings for MEQ within the last 6 months
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Company News
Dec 07, 2021 06:00 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 13:00 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.
Valuation Ratios
Industry
Sector
Beta
1.65
--
--
Price to Sales - TTM
7.41
8.04
6.52
Price to Book - most recent quarter
1.08
1.30
1.69
Price to Cash Flow per share - TTM
5.23
6.91
12.91
Price to Free Cash Flow per share - TTM
34.11
61.18
31.13
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Dec 31, 2021 | 165,734 | 9,458 |
| Dec 15, 2021 | 156,276 | 1,707 |
| Nov 30, 2021 | 154,569 | -187 |
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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