TSE:MEQ
Mainstreet Equity Corp (MEQ.TO)
170.48
+1.28 (0.76%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
91 watching
Financials 
Technical Analysis 0
Investor Insights
Jun 26, 2026, 12:00 amThis summary was created by AI, based on 11 opinions in the last 12 months.
Mainstreet Equity Corp (MEQ-T) is a unique investment vehicle within the real estate sector, distinguishing itself as a corporation rather than a REIT. Its focus on the mid-market residential rental space allows it to capitalize on opportunities often overlooked by larger REITs and smaller investors. Experts highlight the company's strategic acquisition approach and strong fundamentals, despite the recent share price downturn. Although concerns regarding the lack of significant dividends exist, the company has ample capital to invest in its properties, and analysts maintain a generally optimistic outlook for growth. Overall, Mainstreet Equity is viewed as a strong long-term compounder in the real estate market, with a solid performance record in both Alberta and British Columbia.
Consensus
Buy
Valuation
Undervalued
Similar
CHT.UN
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.
Paul Gardner, CFAOwned
property mngmntinvestment
PARTIAL SELL
Has moved up a lot. Looks like it wants to top right here for a bit. If you own, you might to consider selling a little bit because you have done so well. On the other hand, it has a very entrepreneurial owner and there is still a chance you get dividends declared.
Charles DillinghamOwned
property mngmntinvestment
TOP PICK
(A Top Pick Jan 18/11. Up 45.63%.) Unique in that it is a corporation, not a REIT. They don't pay a dividend. Have grown from 272 apartment units in 1998 to about 7800 units with a net equity capital of $10 million. Focused in Western Canada. Appraised value of $42.80 a share and he thinks it will get to the $33 range. No dividend.
Jeffrey F. OlinOwned
property mngmntinvestment
TOP PICK
Own a lot of assets out West. Own apartment buildings and they buy “Ma and Pa” 3-4 story apartment buildings and renovate them. Get tremendous growth in their net operating income. Trades at a discount to NAV of about 25%. Wouldn’t be surprised to see it at $25 by end of 2012. Management owns 20% of outstanding shares.
Paul Gardner, CFAOwned
property mngmntinvestment
TOP PICK
Good management. 30% of management-owned shares. Renovate and reposition apartment buildings in Alberta. CMHC financing. Beat estimates last time aggressively. No destitution. Management adds value to properties.
Paul Gardner, CFAOwned
property mngmntinvestment
TOP PICK
(A Top Pick July 29/10. Up 52.81%.) Management owns 40%. Value $25-$30. Apartments focused in Western Canada. No dividend. Grown from less than 300 units in 1998 to about 7500 today. True value creator. Worth $25-$30 a share.
Jeffrey F. OlinOwned
property mngmntinvestment
TOP PICK
Purchase and refurbish old apartment buildings in Alberta where vacancy rates are dropping. Starting to get some pricing power. Really cheap on NAV value. Don't pay out anything but use their free cash flow to continue growing the bottom line. Management owns 30% of outstanding stock.
Paul Gardner, CFAOwned
property mngmntinvestment
TOP PICK
Real estate company that focuses on apartments in Alberta. Great at transitioning old apartment buildings. Recently blew away numbers. Management owns 30% of the float. Trades at a discount to its NAV. $23 over the next 6 months.
Paul Gardner, CFAOwned
property mngmntinvestment
TOP PICK
Buy up smaller apartment units in Alberta and Saskatchewan. 30% management owned. Funds from Operation (FFO) increased by 100% from last year and 50% going into next year. Doesn't pay a dividend because they are still developing their pipeline but probably will in the next 12-18 months. Good capital gains play. Cheap trading at 1.1X price to NAV where it should trade at 1.2 or 1.3.
Paul Gardner, CFAOwned
property mngmntinvestment
TOP PICK
(A Top Pick Jan 18/11. Up 6.67%.) Focused on the acquisition of under managed, beat up apartments. NAV is in the $25 range. Significantly undervalued and worth between $24-$30 a share. Had some operational challenges but bringing down their high vacancy rate. A steal at these prices.
Jeffrey F. OlinOwned
property mngmntinvestment
TOP PICK
Apartments. Take terrible 3 story buildings and totally renovate them. 11% vacancy because of this. All of the numbers are improving. No distribution, just growth, a bit of risk.
Charles DillinghamOwned
property mngmntinvestment
TOP PICK
Trading at a deep discount to its net asset value. They are market creators. They look for beat up apartments, they go in and fix them up and re-tenant them. They re-finance them and they generate cash flow. They suffered from occupancy weakness a year ago. Believes their vacancy rate is still going lower.
Jeffrey F. OlinOwned
property mngmntinvestment
PAST TOP PICK
(Top Pick Jul 28/10, Up 18%) Apartment business in western Canada. They are true value creators. Started with 298 apartments in 1998 to over 6500 today. Is significantly undervalued.
Jeffrey F. OlinOwned
property mngmntinvestment
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