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TSE:MEQ

Mainstreet Equity Corp (MEQ.TO)

168.85
+1.29 (0.77%)
as of Aug 28, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 30, 2026, 12:00 am

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.

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Consensus
Buy
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Valuation
Undervalued
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Similar
Crea, CRD-T
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.
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.
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.
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.
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.
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.
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.
BUY
Apartments in Sask. Big in Edmonton, Calgary and a little in Ontario and BC. Rents have gone down in Alberta. Situation is improving, however. Growing cash flow. Barry any surprises in the market it should be going up. 21% YTD.
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.
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.
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.
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.
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.
BUY
No chance of getting taken out. Did a substantial issuer bid, which was why he sold it. Great value creation chain. He loves this. Doesn’t see chance of a dividend.
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