50% off Premium Yearly

TSE:MEQ
This summary was created by AI, based on 10 opinions in the last 12 months.
Mainstreet Equity Corp (MEQ-T) is a company well-regarded for its unique corporate structure, which allows it to retain capital and target the mid-market residential space that larger REITs often overlook. Despite experiencing some volatility and a recent selloff, many experts highlight the company's tremendous growth potential and its focus on affordable rental properties. With a significant amount of cash set aside for acquisitions and no obligation to pay out dividends, analysts view it as a strong long-term investment opportunity. While there are concerns regarding lower rental markets across Canada, MEQ-T's strategy of acquiring and renovating properties may mitigate these challenges, contributing to its status as a top pick among several analysts.
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.
(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.
(Top Pick Jun 28/12, Up 21.77%) Was not affected by the floods. Thinks it trades very cheap. Smaller apartment buildings out west. Two story walk-ups. 7% of population out there was displaced and MEQ has space available for them. Trades at a discount to NAV. They get CMHC financing.