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Last C$32.45 CAD
Change Today -1.04 / -3.11%
Volume 989.0
MEQ On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

mainstreet equity corp (MEQ) Snapshot

Open
C$32.42
Previous Close
C$33.49
Day High
C$33.44
Day Low
C$32.42
52 Week High
09/3/14 - C$42.70
52 Week Low
08/24/15 - C$30.01
Market Cap
333.3M
Average Volume 10 Days
13.5K
EPS TTM
C$2.57
Shares Outstanding
10.3M
EX-Date
--
P/E TM
12.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for MAINSTREET EQUITY CORP (MEQ)

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mainstreet equity corp (MEQ) Details

Mainstreet Equity Corp., a residential real estate company, engages in the acquisition, divestiture, value-enhancement, and management of multi-family residential properties primarily in Western Canada. The company owns a portfolio of multi-family residential properties in Vancouver lower mainland, Calgary, Edmonton, and Saskatoon. As of September 30, 2013, it had a total portfolio of 8,780 residential units consisting of townhouses, garden-style apartments, and mid-rise and high-rise apartments. The company was founded in 1997 and is headquartered in Calgary, Canada.

241 Employees
Last Reported Date: 03/6/15
Founded in 1997

mainstreet equity corp (MEQ) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

mainstreet equity corp (MEQ) Key Developments

Mainstreet Equity Corp. Reports Earnings Results for the Third Quarter of 2015

Mainstreet Equity Corp. reported earnings results for the third quarter of 2015. For the quarter, the company reported pre-tax FFO was up 19% to $7.9 million, an increase from $6.6 million in third quarter of 2014. FFO per basic share after income tax increased 16% to $0.73 from $0.63 in third quarter of 2014. NOI from continuing operations increased 10% to $16.8 million, while growing 7% to $15.8 million on a same asset basis. The company’s revenue from continuing operations rose 9% to $25.1 million, up from $23 million in third quarter of 2014, this included a 4% rise in same asset rental revenues to $23.2 million, from $22.2 million in third quarter of 2014. The same asset operating margins improved to 68%, from 67% in the same period last year.

Mainstreet Equity Corp. Announces Earnings Results for the Second Quarter of Fiscal 2015

Mainstreet Equity Corp. announced earnings results for the second quarter of fiscal 2015. For the quarter, the company's pre-tax FFO was up 39% to $6.9 million, an increase from $4.9 million in the second quarter of 2014. FFO per basic share increased 26% to $0.66 from $0.47 in the second quarter of 2014. NOI from continuing operations increased 20% to $16.2 million, while growing 13% to $15.2 million on a same asset basis. The company's revenue from continuing operations rose 13% to $25 million, up from $22 million in the second quarter of 2014.

Mainstreet Equity Corp. Announces Earnings Results for the First Quarter of 2015

Mainstreet Equity Corp. announced earnings results for the first quarter of 2015. For the first quarter of 2015, the company revenue from continuing operations rose 15% to $24.7 million compared to first quarter of 2014, while same asset rental revenues climbed 9% to $23.4 million. Net operating income from continuing operations increased 14% to $16.4 million. Funds from continuing operations were up 28% to $7.6 million, an increase over $6.0 million in the year-ago quarter. Funds from continuing operations per basic share increased 28% to $0.73 from $0.57 in first quarter, 2014.

 

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Industry Analysis

MEQ

Industry Average

Valuation MEQ Industry Range
Price/Earnings 10.4x
Price/Sales 3.3x
Price/Book 0.6x
Price/Cash Flow 10.0x
TEV/Sales NM Not Meaningful
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