TSE:MEQ

Mainstreet Equity Corp (MEQ.TO)

176.55
+0.02 (0.01%)
as of Jul 20, 2026, 7:59:59 pm Market Open.
91 watching
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Investor Insights
star iconJul 20, 2026, 12:00 am

This summary was created by AI, based on 10 opinions in the last 12 months.

Mainstreet Equity Corp (MEQ-T) has garnered a mixture of enthusiasm and caution from various experts. While it's noted that the company is not structured as a traditional REIT, allowing it to retain more capital, the focus on affordable, mid-market rentals positions it well against larger REITs that avoid this space. Despite recent sell-offs, experts highlight the reasonable valuation and robust growth potential, underscored by the company's substantial cash reserves for acquisitions and improvements. The unique business model allows for counter-cyclical investments, which many see as a strategic advantage in the current market environment where rental prices are rising due to limited supply. However, some express concerns about the lack of significant dividends and the volatility associated with insider ownership.

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Consensus
Buy
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Valuation
Undervalued
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PAST TOP PICK

(Top Pick Apr 25/12, Up 30.12%)

PAST TOP PICK

(A Top Pick Feb 14/12. Up 52.22%.) Doesn’t own this one because it is just too small. Primarily apartments in Western Canada. Good management.

PAST TOP PICK

(Top Pick Jan 18/12, Up 44.44%)

PAST TOP PICK

(A Top Pick Nov 16/11. Up 65.47%.) Apartments. Great management. Still cheap relative to NAV.

BUY

Thinks there is a possibility of a dividend, but it will be relatively small. Very similar to Boardwalk (BEI.UN-T). They own apartments in Western Canada. CEO has really focused on developing properties so they tend to take a lot of the cash flow they generate, plow it back into the company and unlock a lot of value. NAV is north of $35 so feels there could be some potential upside.

PAST TOP PICK

(A Past Pick Aug 10/11. Up 88.81%.) Still likes. 2 story apartment buildings in Western Canada. Fantastic operation. Vacancy rates in the West are getting tighter so subsidies are getting lower. Trades at a discount to NAV and there is probably $4-$5 left out of this but will probably take 6 months to do it. No yield.

BUY ON WEAKNESS

(Market Call Minute.) Wish that he could own, but too small for him. Buy at $31 or better.

TOP PICK
(Top Pick Jul 4/11, Up 59%) Apartment dwellings out west where all the growth is. Management is strong. Net operating income is going through the roof. It trades cheap. They get CMHC financing. They don’t pay a dividend
BUY
Stock is probably worth $28-$29 so at these levels, it offers a very healthy return. Not a REIT so it doesn't pay a distribution. High quality name.
TOP PICK
A real estate corp., not a REIT. It outperforms. Last quarter they blew away their numbers. They can raise rents and their interest costs are dropping every day. It is trading at a discount because it is small and does not pay a dividend. Thinks they eventually will pay a dividend.
BUY
Not a REIT, but a CORP. and has no distribution. An owner of B and some C apartments in western Ontario. Trades a a huge discount to it’s NAV. Tremendous upside. Too small for him to own.
TOP PICK
Own 2 & 3 story apartment buildings in Alberta. Net migration is coming into Alberta and the rental market is tightening up. Trades at a 20% discount to NAV. Probably worth $32-$35 over the next year. No dividend.
TOP PICK
Real Estate corporation. Liked it for the last 9 months. They buy under-performing apartment buildings in Alberta and retrofit them and re-rent them. Financing is cheap because they can get CMHC financing. They don’t offer a yield but he thinks they will offer one within the next year. Management owns 30% of outstanding shares. It trades at a discount to NAV.
TOP PICK
No dividend, but it is so incredible. They take buildings in Alberta and refurbish them and then re-lease them. Hot economy there. Trades at a discount to NAV. Will eventually pay a dividend. CMHC financing is used.
TOP PICK
Can't own this one because it is way too small for him. Doesn't pay a dividend, but has a lot of low hanging fruit. Half some lease up that they should be doing to continue the trend. Cash concessions used to be $85 a month but is now down to $52 and should drop to $35. Feels the stock is worth $23-$24 but if they can pick the low hanging fruit, it is worth $28-$29.
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