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Last C$38.78 CAD
Change Today +0.42 / 1.09%
Volume 2.6K
MEQ On Other Exchanges
As of 5:00 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

mainstreet equity corp (MEQ) Snapshot

Previous Close
Day High
Day Low
52 Week High
08/12/14 - C$43.54
52 Week Low
01/16/15 - C$32.45
Market Cap
Average Volume 10 Days
Shares Outstanding
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

Founder, Chief Executive Officer, President, ...
Total Annual Compensation: C$1.1M
Chief Financial Officer and Chief Operating O...
Total Annual Compensation: C$188.0K
Compensation as of Fiscal Year 2014.

mainstreet equity corp (MEQ) Key Developments

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.

MEQ Eyes Acquisitions

Mainstreet Equity Corp. (TSX:MEQ) is looking for acquisition opportunities. Bob Dhillon, Chief Executive Officer and founder of Mainstreet, said with its expectation of approximately $100 million in liquidity available in the remaining financial year, Mainstreet can move quickly when acquisition opportunities arise.


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Valuation MEQ Industry Range
Price/Earnings 6.7x
Price/Sales 4.3x
Price/Book 0.7x
Price/Cash Flow 6.1x
TEV/Sales NM Not Meaningful

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