Added to YB: 2026-08-17
Pitch date: 2026-08-13
MEQ.TO [neutral]
Mainstreet Equity Corp.
+0.37%
current return
Author Info
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Company Info
Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada.
Market Cap
CAD 1.6B
Pitch Price
CAD 170.00
Price Target
251.00 (+49%)
Dividend
0.19%
EV/EBITDA
18.72
P/E
9.07
EV/Sales
11.31
Sector
Real Estate Management and Development
Category
value
Mainstreet Equity Corp (TSX: MEQ) - Q3 2026 Earnings Review
MEQ.TO (earnings): Q3'26 FFO/share +9% to $2.85, NOI from ops +8%, occupancy 95.4%, 19,316 units across Western Canada. Fortress balance sheet: $868M liquidity, 3.12% CMHC-insured debt. NAV ~$251/sh w/ NOI catch-up (~$46M pipeline) vs $170 price. CEO Dhillon owns ~50%. Slow acquisitions (only $89.5M YTD) but disciplined founder-led compounder at ~30% NAV discount.
Read full article (7 min)