July 26, 2022
In Q3, Mainstreet achieved its third consecutive quarter of double-digit, year-over-year growth across its three most important operating metrics, with rental revenues increasing 14%, net...
Results proven model
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For more information or to read the full report, visit the links below:
SEDAR - https://lnkd.in/dN7Hus5x
Financials - https://lnkd.in/d68siu8g
MD&A - https://lnkd.in/dWPvWdBX
Press Release - https://lnkd.in/dpwuuZ2M
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Stock Chart
Market Summary
Press Release
May 30, 2022
CALGARY, AB, May 30, 2022 /CNW/ ‑ Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX: MEQ) today announced that the Toronto Stock Exchange ("TSX") has accepted its notice of...
May 10, 2022
In Q2 2022, Mainstreet achieved its second consecutive quarter of double-digit, year-over-year growth across its three most important operating metrics, with rental revenues and net operating...
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.
15,952
Total Number of Units
18
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
174
Total Number of Units
Prince George, BC Number of Units 174
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
62
Total Number of Units
Penticton, BC Number of Units 62
Vernon, BC
47
Total Number of Units
Vernon, BC Number of Units 47
Cochrane, AB
59
Total Number of Units
Cochrane, AB Number of Units 59
Calgary, AB
3,258
Total Number of Units
Calgary, AB Number of Units 3,258
Airdrie, AB
36
Total Number of Units
Airdrie, AB Number of Units 36
Edmonton, AB
5,385
Total Number of Units
Edmonton, AB Number of Units 5,385
Fort Saskatchewan, AB
100
Total Number of Units
Fort Saskatchewan, AB Number of Units 100
Lethbridge, AB
254
Total Number of Units
Lethbridge, AB Number of Units 254
Saskatoon, SK
2,331
Total Number of Units
Saskatoon, SK Number of Units 2,331
Regina, SK
991
Total Number of Units
Regina, SK Number of Units 991
Winnipeg, MB
114
Total Number of Units