MEQY.F Stock Overview

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

MEQY.F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	4/6
Financial Health	1/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (9.6x) is below the US market (18.4x)

Earnings grew by 82.7% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 47.3% per year for the next 3 years

Shares are highly illiquid

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

Mainstreet Equity Corp. Competitors

FRP Holdings

NasdaqGS:FRPH

US$574.5m

Copper Property CTL Pass Through Trust

OTCPK:CPPT.L

US$916.5m

LandBridge

NYSE:LB

US$4.5b

New England Realty Associates Limited Partnership

NYSEAM:NEN

US$282.2m

Price History & Performance

Summary of share price highs, lows and changes for Mainstreet Equity
Historical stock prices
Current Share Price	CA$145.00
52 Week High	CA$149.86
52 Week Low	CA$123.20
Beta	1.57
1 Month Change	1.78%
3 Month Change	2.03%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	327.24%

Recent updates

Shareholder Returns

	MEQY.F	US Real Estate	US Market
7D	0%	3.3%	2.8%
1Y	n/a	6.8%	24.6%

Return vs Industry: Insufficient data to determine how MEQY.F performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how MEQY.F performed against the US Market.

Price Volatility

Is MEQY.F's price volatile compared to industry and market?
MEQY.F volatility
MEQY.F Average Weekly Movement	n/a
Real Estate Industry Average Movement	7.7%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.4%
10% least volatile stocks in US Market	3.1%

Stable Share Price: MEQY.F's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine MEQY.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	597	Bob Dhillon	www.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. 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?
MEQY.F fundamental statistics
Market cap	US$1.33b
Earnings (TTM)	US$138.97m
Revenue (TTM)	US$173.68m

9.6x

P/E Ratio

7.7x

P/S Ratio

Is MEQY.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MEQY.F income statement (TTM)
Revenue	CA$249.80m
Cost of Revenue	CA$89.36m
Gross Profit	CA$160.44m
Other Expenses	-CA$39.44m
Earnings	CA$199.88m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	21.45
Gross Margin	64.23%
Net Profit Margin	80.02%
Debt/Equity Ratio	108.6%

How did MEQY.F perform over the long term?

See historical performance and comparison

Dividends

0.08%

Current Dividend Yield

0.5129%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 13:15
End of Day Share Price	2024/12/18 00:00
Earnings	2024/09/30
Annual Earnings	2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mainstreet Equity Corp. is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jim Byrne	Acumen Capital Finance Partners Limited
Christopher Murray	ATB Capital Markets
Brendon Abrams	Canaccord Genuity