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Mainstreet Equity TSX:MEQ Stock Report

Last Price

CA$203.51

Market Cap

CA$1.9b

7D

2.8%

1Y

45.4%

Updated

25 Nov, 2024

Data

Company Financials +

Mainstreet Equity Corp.

TSX:MEQ Stock Report

Market Cap: CA$1.9b

MEQ Stock Overview

Engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. More details

MEQ fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance1/6
Financial Health1/6
Dividends0/6

Rewards

Revenue is forecast to grow 10.78% per year

Risk Analysis

Earnings are forecast to decline by an average of 34.8% per year for the next 3 years

Interest payments are not well covered by earnings

Large one-off items impacting financial results


Mainstreet Equity Corp. Competitors

Morguard

TSX:MRC

CA$1.3b

Tricon Residential

TSX:TCN

CA$4.6b

Halmont Properties

TSXV:HMT

CA$105.3m

Urbanfund

TSXV:UFC

CA$47.7m

Price History & Performance

Summary of all time highs, changes and price drops for Mainstreet Equity
Historical stock prices
Current Share PriceCA$203.51
52 Week HighCA$216.37
52 Week LowCA$138.50
Beta1.64
11 Month Change-2.14%
3 Month Change3.97%
1 Year Change45.37%
33 Year Change79.18%
5 Year Change182.14%
Change since IPO9,827.32%

Recent News & Updates

Is It Time To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Nov 15
Is It Time To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Aug 16
Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Earnings Miss: Mainstreet Equity Corp. Missed EPS And Analysts Are Revising Their Forecasts

Jul 26
Earnings Miss: Mainstreet Equity Corp. Missed EPS And Analysts Are Revising Their Forecasts

Recent updates

Is It Time To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Nov 15
Is It Time To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Aug 16
Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Earnings Miss: Mainstreet Equity Corp. Missed EPS And Analysts Are Revising Their Forecasts

Jul 26
Earnings Miss: Mainstreet Equity Corp. Missed EPS And Analysts Are Revising Their Forecasts

Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

Jun 18
Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

Why Mainstreet Equity Corp. (TSE:MEQ) Could Be Worth Watching

Apr 12
Why Mainstreet Equity Corp. (TSE:MEQ) Could Be Worth Watching

Mainstreet Equity Corp.'s (TSE:MEQ) Low P/E No Reason For Excitement

Mar 11
Mainstreet Equity Corp.'s (TSE:MEQ) Low P/E No Reason For Excitement

Additional Considerations Required While Assessing Mainstreet Equity's (TSE:MEQ) Strong Earnings

Feb 13
Additional Considerations Required While Assessing Mainstreet Equity's (TSE:MEQ) Strong Earnings

Results: Mainstreet Equity Corp. Exceeded Expectations And The Consensus Has Updated Its Estimates

Feb 09
Results: Mainstreet Equity Corp. Exceeded Expectations And The Consensus Has Updated Its Estimates

We Think Mainstreet Equity (TSE:MEQ) Is Taking Some Risk With Its Debt

Jul 05
We Think Mainstreet Equity (TSE:MEQ) Is Taking Some Risk With Its Debt

Should You Investigate Mainstreet Equity Corp. (TSE:MEQ) At CA$136?

May 12
Should You Investigate Mainstreet Equity Corp. (TSE:MEQ) At CA$136?

Is Mainstreet Equity (TSE:MEQ) A Risky Investment?

Feb 01
Is Mainstreet Equity (TSE:MEQ) A Risky Investment?

Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

Sep 23
Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

At CA$120, Is Mainstreet Equity Corp. (TSE:MEQ) Worth Looking At Closely?

Aug 31
At CA$120, Is Mainstreet Equity Corp. (TSE:MEQ) Worth Looking At Closely?

What Is Mainstreet Equity Corp.'s (TSE:MEQ) Share Price Doing?

May 11
What Is Mainstreet Equity Corp.'s (TSE:MEQ) Share Price Doing?

Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Aug 25
Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

May 04
Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

Is Now The Time To Look At Buying Mainstreet Equity Corp. (TSE:MEQ)?

Apr 12
Is Now The Time To Look At Buying Mainstreet Equity Corp. (TSE:MEQ)?

It's Unlikely That Mainstreet Equity Corp.'s (TSE:MEQ) CEO Will See A Huge Pay Rise This Year

Mar 06
It's Unlikely That Mainstreet Equity Corp.'s (TSE:MEQ) CEO Will See A Huge Pay Rise This Year

Can You Imagine How Jubilant Mainstreet Equity's (TSE:MEQ) Shareholders Feel About Its 151% Share Price Gain?

Feb 19
Can You Imagine How Jubilant Mainstreet Equity's (TSE:MEQ) Shareholders Feel About Its 151% Share Price Gain?

Boasting A 7.9% Return On Equity, Is Mainstreet Equity Corp. (TSE:MEQ) A Top Quality Stock?

Feb 04
Boasting A 7.9% Return On Equity, Is Mainstreet Equity Corp. (TSE:MEQ) A Top Quality Stock?

Did Mainstreet Equity Corp. (TSE:MEQ) Insiders Sell Shares?

Jan 22
Did Mainstreet Equity Corp. (TSE:MEQ) Insiders Sell Shares?

At CA$74.57, Is It Time To Put Mainstreet Equity Corp. (TSE:MEQ) On Your Watch List?

Jan 07
At CA$74.57, Is It Time To Put Mainstreet Equity Corp. (TSE:MEQ) On Your Watch List?

We Wouldn't Rely On Mainstreet Equity's (TSE:MEQ) Statutory Earnings As A Guide

Dec 23
We Wouldn't Rely On Mainstreet Equity's (TSE:MEQ) Statutory Earnings As A Guide

What Percentage Of Mainstreet Equity Corp. (TSE:MEQ) Shares Do Insiders Own?

Dec 09
What Percentage Of Mainstreet Equity Corp. (TSE:MEQ) Shares Do Insiders Own?

Mainstreet Equity (TSE:MEQ) Takes On Some Risk With Its Use Of Debt

Nov 24
Mainstreet Equity (TSE:MEQ) Takes On Some Risk With Its Use Of Debt

Shareholder Returns

MEQCA Real EstateCA Market
7D2.8%0.9%2.2%
1Y45.4%29.5%23.4%

Return vs Industry: MEQ exceeded the Canadian Real Estate industry which returned 29.5% over the past year.

Return vs Market: MEQ exceeded the Canadian Market which returned 23.4% over the past year.

Price Volatility

Is MEQ's price volatile compared to industry and market?
MEQ volatility
MEQ Average Weekly Movement2.8%
Real Estate Industry Average Movement4.8%
Market Average Movement8.3%
10% most volatile stocks in CA Market17.7%
10% least volatile stocks in CA Market2.9%

Stable Share Price: MEQ has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: MEQ's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a526Bob Dhillonwww.mainst.biz

Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg. It invests in residential units consisting of townhouses, garden-style apartments, concrete mid-rise and high-rise apartments, and condo suites; and freestanding commercial buildings.

Mainstreet Equity Corp. Fundamentals Summary

How do Mainstreet Equity's earnings and revenue compare to its market cap?
MEQ fundamental statistics
Market capCA$1.90b
Earnings (TTM)CA$125.85m
Revenue (TTM)CA$238.63m

15.1x

P/E Ratio

7.9x

P/S Ratio

Is MEQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MEQ income statement (TTM)
RevenueCA$238.63m
Cost of RevenueCA$87.00m
Gross ProfitCA$151.63m
Other ExpensesCA$25.79m
EarningsCA$125.85m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)13.50
Gross Margin63.54%
Net Profit Margin52.74%
Debt/Equity Ratio117.8%

How did MEQ perform over the long term?

See historical performance and comparison

Dividends

0.05%

Current Dividend Yield

0.6109%

Payout Ratio