Mainstreet Equity Corp.

Equities

MEQ

CA5609151009

Real Estate Development & Operations

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
177.4 ^CAD	-1.30%		-4.13%	+21.52%

Apr. 11	Mainstreet Equity Corp. Announces Quarterly Dividend for Period Ended March 31, 2024, Payable on April 30, 2024	CI
Feb. 06	Mainstreet Equity's Fiscal Q1 FFO, Profit Climbs; Gross Revenue Rises; Provides 2024 Outlook; Up 1.5%	MT

Mainstreet Equity Corp. Reports Earnings Results for the First Quarter Ended December 31, 2023

February 06, 2024 at 07:03 am EST

Mainstreet Equity Corp. reported earnings results for the first quarter ended December 31, 2023. For the first quarter, the company reported sales was CAD 58.34 million compared to CAD 48.86 million a year ago.

Revenue was CAD 58.34 million compared to CAD 48.86 million a year ago. Net income was CAD 68.55 million compared to CAD 15 million a year ago. Basic earnings per share from continuing operations was CAD 7.36 compared to CAD 1.61 a year ago.

Diluted earnings per share from continuing operations was CAD 7.36 compared to CAD 1.61 a year ago.

Latest news about Mainstreet Equity Corp.

Mainstreet Equity Corp. Announces Quarterly Dividend for Period Ended March 31, 2024, Payable on April 30, 2024	Apr. 11	CI
Mainstreet Equity's Fiscal Q1 FFO, Profit Climbs; Gross Revenue Rises; Provides 2024 Outlook; Up 1.5%	Feb. 06	MT
Mainstreet Equity's Fiscal Q1 FFO, Profit Climbs; Gross Revenue Rises; Provides 2024 Outlook	Feb. 06	MT
Mainstreet Equity Corp Brief: Adds FFO increased 23%, net operating income Increased 23%, same-asset NOI rose 16% and rental revenues grew 19%	Feb. 06	MT
Mainstreet Equity Corp Brief: Says Q1 FFO" before current income tax grew near Fastest rates in Mainstreet history at 32%	Feb. 06	MT
Mainstreet Equity Corp. Reports Earnings Results for the First Quarter Ended December 31, 2023	Feb. 06	CI
Mainstreet Equity Corp. Announces to Pay Nominal Quarterly Dividend for First Quarter of 2024	Feb. 06	CI
Mainstreet Equity Corp. Declares Quarterly Cash Dividend for the Quarter Ending December 31, 2023, Payable on January 31, 2024	Jan. 09	CI
Mainstreet Equity Corp. Reports Earnings Results for the Full Year Ended September 30, 2023	Dec. 06	CI
Mainstreet Equity Corp Provides Operations Update, Introduces New Nominal Dividend Policy	Dec. 05	MT
Mainstreet Equity Corp Brief: Says Achieved 24 Years of "Continued Double-digit Growth Across Key Metrics"	Dec. 05	MT
Mainstreet Equity Corp. Plans to Introduce Nominal Dividend Starting in the first quarter of 2024	Dec. 05	CI
Tranche Update on Mainstreet Equity Corp.'s Equity Buyback Plan announced on May 31, 2023.	23-07-25	CI
Mainstreet Equity Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023	23-07-25	CI
Mainstreet Equity Books Double-Digit Growth YOY Across All Key Operating Metrics In Fiscal Q3	23-07-25	MT
Mainstreet Equity Corrects Date Range For Normal Course Issuer Bid	23-06-01	MT
Mainstreet Equity Corp Brief: Announcing Normal Course Issuer Bid	23-06-01	MT
Mainstreet Equity Obtains TSX Approval for Normal Course Issuer Bid	23-05-31	MT
Mainstreet Equity Corp Brief: Announcing Normal Course Issuer Bid	23-05-31	MT
Tranche Update on Mainstreet Equity Corp.'s Equity Buyback Plan announced on May 30, 2022.	23-05-31	CI
Mainstreet Equity Corp. announces an Equity Buyback for 474,499 shares, representing 5.09% of its issued share capital.	23-05-31	CI
Mainstreet Equity Corp.'s Equity Buyback announced on May 30, 2022, has expired with 17,200 shares, representing 0.18% for CAD 1.97 million.	23-05-30	CI
Mainstreet Equity Corp. authorizes a Buyback Plan.	23-05-30	CI
Mainstreet Equity Corp FFO Grew 25% in Q2, NOI Increased 18%, and Revenues Rose 16%	23-05-09	MT
Mainstreet Equity Corp Brief: Funds from operations Grew 25% in Q2, NOI increased 18%, and revenues rose 16% (on a per-share basis, FFO grew 26% from $1.21 to $1.52 in Q2 2023)	23-05-09	MT

Chart Mainstreet Equity Corp.

Duration

Period

More charts

Company Profile

Mainstreet Equity Corp. is a Canada-based real estate company. The Company is focused on the acquisition, redevelopment, repositioning and management of mid-market rental apartment buildings in Western Canada. It owns and manages properties in six Canadian markets: British Columbia (including Vancouver Lower Mainland, Vancouver Island, Okanagan and Northern BC), Calgary (including the City of Airdrie, the City of Lethbridge, and the Town of Cochrane), Edmonton (including the City of Fort Saskatchewan), Saskatoon, Regina and Winnipeg. Its apartments are situated in various location such as Airdrie, Calgary, Cochrane, Edmonton, Abbotsford, Chilliwack, Courtenay, Kamloops, New Westminster, Penticton, Prince George, Surrey, Vernon, Winnipeg, Regina and Saskatoon. The Company provides incentives and rentals for Foreign Students attending school in Canada. It also provides student housing facilities, including MacEwan University, University of Alberta, NAIT and NorQuest College.

Sector

Real Estate Development & Operations

Calendar

2024-05-06 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Ratings for Mainstreet Equity Corp.

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

177.4 CAD

Average target price

185 CAD

Spread / Average Target

+4.26%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Residential Real Estate Development

	1st Jan change	Capi.
MAINSTREET EQUITY CORP.	+21.52%	1.21B
VONOVIA SE	-9.36%	22.5B
AKELIUS RESIDENTIAL PROPERTY AB	+9.02%	10.79B
CHINA VANKE CO., LTD.	-34.32%	10.32B
DEUTSCHE WOHNEN SE	-28.99%	7.2B
VINHOMES	-5.56%	7.01B
VINGROUP	-0.34%	6.53B
LEG IMMOBILIEN SE	-3.03%	6.09B
OPEN HOUSE GROUP CO., LTD.	+12.96%	3.57B
IIDA GROUP HOLDINGS CO., LTD.	-5.92%	3.54B

Residential Real Estate Development