July 25, 2023
Mainstreet Equity Corp achieved double digit growth across all key operating metrics including same store results
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Stock Chart
Market Summary
Press Release
June 1, 2023
CALGARY, June 1, 2023 - Mainstreet Equity Corp. (“Mainstreet” or the “Corporation”) (TSX:MEQ) announced on May 31, 2023 that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to make a normal course issuer bid to purchase outstanding common shares of the Corporation (“Shares”) on the open market in accordance with the rules of the TSX.
May 9, 2023
Double-digit, year-over-year growth across all key operating metrics for the sixth consecutive quarter; counter-cyclical business model continues to prove itself
Property Portfolio
The entirety of Mainstreet's portfolio is Western Canada based. With large holdings in the major centres of Edmonton and Calgary, AB; Surrey and Abbotsford, BC; and, Saskatoon and Regina, SK.
Mainstreet has significant market share in a number of its operating cities: 28% Surrey, BC; 21% Abbotsford, BC; and, 15% Saskatoon, SK.
Calgary and Edmonton portfolios are represented by significant inner-city holdings. Including Central and ICE District in Edmonton, and Beltline communities in Calgary. These properties are particularly attractive to Millennials, and students attending secondary education institutions. Smaller cities such as Saskatoon and Regina, SK; Lethbridge, AB; Kamloops, BC and Abbotsford, BC, also have large student populations.
Mainstreet is constantly active in new property assessment and acquisitions in all of it operating cities, and monitors and evaluates the upside to enter into new markets under the right conditions.
17,018
Total Number of Units
19
Cities
Courtenay, BC
131
Total Number of Units
Courtenay, BC Number of Units 131
New Westminster, BC
117
Total Number of Units
New Westminster, BC Number of Units 117
Surrey, BC
1,691
Total Number of Units
Surrey, BC Number of Units 1,691
Prince George, BC
350
Total Number of Units
Prince George, BC Number of Units 350
Abbotsford, BC
976
Total Number of Units
Abbotsford, BC Number of Units 976
Chilliwack, BC
160
Total Number of Units
Chilliwack, BC Number of Units 160
Kamloops, BC
66
Total Number of Units
Kamloops, BC Number of Units 66
Penticton, BC
77
Total Number of Units
Penticton, BC Number of Units 77
Vernon, BC
47
Total Number of Units
Vernon, BC Number of Units 47
Nelson, BC
61
Total Number of Units
Nelson, BC Number of Units 61
Cochrane, AB
59
Total Number of Units
Cochrane, AB Number of Units 59
Calgary, AB
3,475
Total Number of Units
Calgary, AB Number of Units 3,475
Airdrie, AB
36
Total Number of Units
Airdrie, AB Number of Units 36
Edmonton, AB
5,689
Total Number of Units
Edmonton, AB Number of Units 5,689
Fort Saskatchewan, AB
100
Total Number of Units
Fort Saskatchewan, AB Number of Units 100
Lethbridge, AB
255
Total Number of Units
Lethbridge, AB Number of Units 255
Saskatoon, SK
2,336
Total Number of Units
Saskatoon, SK Number of Units 2,336
Regina, SK
991
Total Number of Units
Regina, SK Number of Units 991
Winnipeg, MB
401
Total Number of Units