Mainstreet Equity Corp
TSX:MEQ

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Mainstreet Equity Corp
TSX:MEQ
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Price: 208.55 CAD -0.69%
Market Cap: 1.9B CAD
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Mainstreet Equity Corp
Retained Earnings

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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Mainstreet Equity Corp
Retained Earnings Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Retained Earnings CAGR 3Y CAGR 5Y CAGR 10Y
Mainstreet Equity Corp
TSX:MEQ
Retained Earnings
CA$1.5B
CAGR 3-Years
12%
CAGR 5-Years
14%
CAGR 10-Years
11%
Tricon Residential Inc
TSX:TCN
Retained Earnings
$1.7B
CAGR 3-Years
50%
CAGR 5-Years
37%
CAGR 10-Years
N/A
M
Madison Pacific Properties Inc
TSX:MPC
Retained Earnings
CA$339.2m
CAGR 3-Years
2%
CAGR 5-Years
4%
CAGR 10-Years
12%
Morguard Corp
TSX:MRC
Retained Earnings
CA$3.7B
CAGR 3-Years
5%
CAGR 5-Years
3%
CAGR 10-Years
5%
S
Skyline Investments Inc
TASE:SKLN
Retained Earnings
N/A
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
H
Halmont Properties Corp
XTSX:HMT
Retained Earnings
CA$47.5m
CAGR 3-Years
13%
CAGR 5-Years
16%
CAGR 10-Years
N/A
No Stocks Found

Mainstreet Equity Corp
Glance View

Market Cap
1.9B CAD
Industry
Real Estate

Mainstreet Equity Corp. navigates the competitive terrain of the Canadian real estate market with a strategic focus on mid-market, multi-family rental properties. Founded with a vision to revitalize undervalued assets, Mainstreet has carved out a niche by acquiring low-cost apartment buildings, primarily located in Western Canada’s urban centers. Through its diligent approach to property acquisition and renovation, the company transforms these often-overlooked buildings into attractive rental options. This strategy not only helps in meeting the demand for affordable housing but also enhances the value of the properties, providing a steady income stream through rental fees. The company’s business model hinges on a buy-fix-hold strategy, which allows it to capitalize on significant value appreciation over time. By investing in comprehensive renovations aimed at improving energy efficiency, enhancing aesthetics, and upgrading amenities, Mainstreet increases occupancy rates and rental income. This approach, combined with operational efficiencies and stringent cost controls, helps Mainstreet maintain its profitability. The consistent cash flow from rent and appreciation in property value over time has allowed Mainstreet to reinvest in further acquisitions, creating a cycle of growth that fuels its expansion and fortifies its position in the multi-family residential market.

MEQ Intrinsic Value
232.28 CAD
Undervaluation 10%
Intrinsic Value
Price

See Also

What is Mainstreet Equity Corp's Retained Earnings?
Retained Earnings
1.5B CAD

Based on the financial report for Sep 30, 2024, Mainstreet Equity Corp's Retained Earnings amounts to 1.5B CAD.

What is Mainstreet Equity Corp's Retained Earnings growth rate?
Retained Earnings CAGR 10Y
11%

Over the last year, the Retained Earnings growth was 15%. The average annual Retained Earnings growth rates for Mainstreet Equity Corp have been 12% over the past three years , 14% over the past five years , and 11% over the past ten years .

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