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Mainstreet Equity Corp (MEQ) has received positive reviews from experts, indicating a progressive growth in its performance. The company has achieved its targets and continues to make disciplined decisions regarding its investments. With consistent revenue growth, cash reserves, and share buybacks, MEQ is seen as a promising long-term investment with potential for upside.
Thinks highly of CEO. Great example of building a great business by investing in accretive acquisitions instead of paying out a distribution. Discount to NAV. Migration into Alberta is a great story. No dividend.
MEQ operates as a real estate corporation focusing on managing residential rental apartments and is now trading at 27.6x times' Forward P/E, but only at 1.0x Book value. In the last five years, MEQ’s revenue growth has been quite consistent, around 12% on average. Like other real estate companies, the balance sheet is leveraged, with net debt of $1.5B. The net debt/EBITDA is currently around 14.5x. MEQ reinvested heavily into acquiring new properties. As a result, the company has had no dividend payments and limited shares repurchase over the last few years.
We think MEQ has the potential to be a compounder, trading at 1.0x Book value is also an attractive valuation, but the leverage levels need to be monitored carefully, as the debt is quite high. We would be comfortable with this name for a three-year+ timeframe given its cheap valuation and consistent revenue growth.
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Very well run with a long track record. Is one of the best compounding stocks in Canada that nobody knows. It returns 20% annually for the last 20 years. They played Covid perfectly by buying companies and locking in their debt at 2% over 10 years. Are well positioned given Canada's housing shortages with low vacancies and more immigrants coming.
(Analysts’ price target is $163.33)Attractive long-term assets. Calgary-Edmonton based. Active in their portfolios. Looks extremely good from an ROC metric. Pay attention to the apartment sector, it's a good one right now.
Likes it. Corporation, not a REIT, so it's able to retain cashflow instead of paying a distribution. Has grown well without issuing any equity. May have traded off because it reached NAV. Solid operator. Keep holding.
MEQ continues to chug along, producing fairly steady EPS growth.
With a 16% YTD gain, the stock is somewhat expensive for the sector, at 22X earnings.
It is likely getting more attention as market cap has breached $1B, and there are few non-REIT real estate plays in Canada.
There is no dividend but three analysts cover it.
Insiders own 50% and are certainly committed.
Revenue rose 13% last year and vacancies improved.
Debt is quite high, but shares have done very well: up more than 6-fold since 2016.
We would consider it expensive, but otherwise pretty good for a real estate stock.
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Specializes in acquiring and managing small apartment buildings in Western Canada.
Not a REIT, rather a corporation that retains capital.
16,000 doors currently with minimal equity dilution.
18% compound rate of return.
Sub 2% debt levels that were guaranteed at low interest rate levels.
Rental rate increases will positively affect business.
Mainstreet Equity Corp is a Canadian stock, trading under the symbol MEQ-T on the Toronto Stock Exchange (MEQ-CT). It is usually referred to as TSX:MEQ or MEQ-T
In the last year, 8 stock analysts published opinions about MEQ-T. 7 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Mainstreet Equity Corp.
Mainstreet Equity Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Mainstreet Equity Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
8 stock analysts on Stockchase covered Mainstreet Equity Corp In the last year. It is a trending stock that is worth watching.
On 2024-03-18, Mainstreet Equity Corp (MEQ-T) stock closed at a price of $189.32.
Our PAST TOP PICK with MEQ is progressing well. To be disciplined, we recommend trailing up the stop to $155 at this time.