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
0
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
BUY
Apartment company based mainly in Calgary and moving into Saskatchewan. Take 3rd grade smaller apartments and upgrade them. All apartments in Alberta are being challenged. Smart management. Very illiquid.
BUY
Focused on buying B & C assets in Calgary, Victoria and Saskatoon. Management owns 40% and has shown a knack for finding markets that are just about to boom. No distributions.
PAST TOP PICK
(Top pick, February 16, 2007. Down 29%) Not much has changed with their story. Had weakness in terms of their occupancy numbers. They assure they will be back on track by the end of this year. Would add at these levels.
PAST TOP PICK
(A Top Pick Feb 16/07. Down 13.4%.) The only risk factor with this is the shortage of skilled labour in Western Canada, which they need for renovations on acquired properties. NAV is in the $20 range. Still likes and is still a Buy.
BUY
One of his favourite names. CEO owns about 40% of the company. They buy C & D multi-rent properties, primarily in Western Canada, and reposition them into B assets. Significant exposure in Edmonton. At $15, you are $4 or $5 below NAV. significant internal growth potential.
PAST TOP PICK
Likes still. The CEO owns 40%.
TOP PICK
A rapidly growing consolidator of mid-market apartments, primarily in Calgary and Edmonton. Increased their units from 300 in 1998 to over 5000.
TOP PICK
Multi-residential play focused on Calgary, Edmonton, Surrey, Saskatoon and Toronto. Management, which owns 40% of the company, buys properties well below replacement costs, upgrades them and has increased rentals by 40%.
TOP PICK
Multi-residential real estate operating Corporation. No distribution. Focuses on B and C properties in 4 locations. A tremendous net asset appreciation story.
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