TSE:MEQ

Mainstreet Equity Corp (MEQ.TO)

170.48
+1.28 (0.76%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 26, 2026, 12:00 am

This 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.

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Consensus
Buy
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Valuation
Undervalued
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Similar
CHT.UN
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.
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.
Showing 106 to 115 of 115 entries