Mainstreet Equity (TSE:MEQ) Full Year 2024 Results
Key Financial Results
- Revenue: CA$249.8m (up 19% from FY 2023).
- Net income: CA$199.9m (up 83% from FY 2023).
- Profit margin: 80% (up from 52% in FY 2023).
- EPS: CA$21.45 (up from CA$11.74 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mainstreet Equity EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 87%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Real Estate industry in Canada.
Performance of the Canadian Real Estate industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Mainstreet Equity (1 is concerning!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:MEQ
Mainstreet Equity
Engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada.
Proven track record and slightly overvalued.
