TSE:MEQ
Mainstreet Equity Corp (MEQ.TO)
167.75
+3.89 (2.37%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
90 watching
Financials 
Technical Analysis 0
Investor Insights
Jun 6, 2026, 12:00 amThis 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.
Consensus
Buy
Valuation
Undervalued
Similar
Crombie,CRR.UN
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
TOP PICK
Apartments. Grown from 300 units to 6500 units with a net equity contribution of $10 million. Focus on mid-market properties, above “Ma and Pa” but below institutions. Properties are beat up and need physical or operational improvements, which they do, and then take their equity out. NAV of $16-$18 and have $15 million of unencumbered properties. Sees it trading at 40% discount to its NAV.
Jeffrey F. OlinOwned
property mngmntinvestment
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