MEQ π Mainstreet Equity - Overview
Exchange: TO • Country: Canada • Currency: CAD • Type: Common Stock • ISIN: CA5609151009
MEQ: Apartments, Townhouses, Condo Suites, Commercial Buildings
Mainstreet Equity Corp. is a real estate investment company that focuses on acquiring, redeveloping, and managing mid-market residential rental properties in key Western Canadian cities, including British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg. The company's portfolio comprises a diverse range of multi-family residential properties, such as townhouses, garden-style apartments, and concrete mid-rise and high-rise apartments, in addition to condo suites and freestanding commercial buildings. By concentrating on this specific niche, Mainstreet Equity Corp. aims to provide affordable and quality housing options to a wide range of tenants.
As a Real Estate Operating Company, Mainstreet Equity Corp. is well-positioned to capitalize on the growing demand for rental housing in Western Canada. The company's strategic approach to investing in and managing its properties enables it to maintain a strong and stable portfolio, with a focus on long-term growth and value creation. With its headquarters in Calgary, Canada, Mainstreet Equity Corp. is ideally situated to oversee its operations and make informed investment decisions in the region. The company's common stock is listed under the ISIN CA5609151009, and its website, https://www.mainst.biz, provides investors and stakeholders with access to detailed information about its operations, financial performance, and growth strategy.
Mainstreet Equity Corp.'s investment approach is centered on identifying undervalued or undermanaged properties with potential for redevelopment and repositioning. By leveraging its expertise and resources, the company aims to unlock value in these properties, enhance their appeal to tenants, and increase their overall profitability. This strategy has enabled Mainstreet Equity Corp. to establish a strong track record of delivering solid returns to its investors, while also contributing to the development of vibrant and sustainable communities in Western Canada. As the company continues to expand its portfolio and deepen its presence in the region, it is well-positioned to capitalize on emerging trends and opportunities in the real estate market.
Additional Sources for MEQ Stock
MEQ Stock Overview
Market Cap in USD | 1,322m |
Sector | Real Estate |
Industry | Real Estate Services |
GiC Sub-Industry | Real Estate Operating Companies |
IPO / Inception |
MEQ Stock Ratings
Growth 5y | 86.0% |
Fundamental | 39.1% |
Dividend | 8.76% |
Rel. Strength Industry | 566 |
Analysts | - |
Fair Price Momentum | 212.87 CAD |
Fair Price DCF | 247.79 CAD |
MEQ Dividends
Dividend Yield 12m | 0.05% |
Yield on Cost 5y | 0.12% |
Annual Growth 5y | -100.00% |
Payout Consistency | 100.0% |
MEQ Growth Ratios
Growth Correlation 3m | -8.5% |
Growth Correlation 12m | 82.4% |
Growth Correlation 5y | 95% |
CAGR 5y | 20.52% |
CAGR/Mean DD 5y | 1.52 |
Sharpe Ratio 12m | 1.19 |
Alpha | 11.99 |
Beta | 0.69 |
Volatility | 28.56% |
Current Volume | 6.7k |
Average Volume 20d | 2.8k |
As of January 15, 2025, the stock is trading at CAD 190.92 with a total of 6,739 shares traded.
Over the past week, the price has changed by -6.82%, over one month by -10.15%, over three months by -2.67% and over the past year by +30.11%.
Partly, yes. Based on ValueRay Fundamental Analyses, Mainstreet Equity (TO:MEQ) is currently (January 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 39.07 and therefor a somewhat positive outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of MEQ as of January 2025 is 212.87. This means that MEQ is currently undervalued and has a potential upside of +11.5% (Margin of Safety).
Mainstreet Equity has no consensus analysts rating.
According to ValueRays Forecast Model, MEQ Mainstreet Equity will be worth about 229.9 in January 2026. The stock is currently trading at 190.92. This means that the stock has a potential upside of +20.41%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | 226 | 18.4% |
Analysts Target Price | - | - |
ValueRay Target Price | 229.9 | 20.4% |