TSE:MEQ

Mainstreet Equity Corp (MEQ.TO)

167.75
+3.89 (2.37%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 6, 2026, 12:00 am

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

Mainstreet Equity Corp (MEQ-T) has garnered positive reviews from various experts who highlight its unique structure as a corporation rather than a traditional REIT. This distinction allows the company to retain cash flows and make strategic acquisitions without the pressure of distributing earnings to shareholders. Despite some challenges in the overall rental market, particularly due to low immigration, MEQ-T has shown resilience by maintaining and even increasing rents in its affordable rental segment. The company boasts a significant growth potential with plans to invest $800 million into existing properties. Analysts view its current valuation as attractive, positioning it as a solid option for long-term investments amidst its risks, such as high leverage and market cyclical nature. Most experts regard it as an exceptional compounder in the real estate sector, with a unique market approach and high-quality assets primarily concentrated in Western Canada.

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Consensus
Buy
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Valuation
Undervalued
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Similar
Crombie,CRR.UN
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.
TOP PICK
They acquire underperforming apartment buildings in Alberta. They reposition CapX into apartments and re-rent them out. Management is internalized and they own 30% of the company. Probably worth closer to $32-$35. Very cheap. Get their funding from CMHC which is the cheapest way to do it.
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