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Barcha huquqlar himoyalangan.
120.75
0.00 (0.00%)
Mainstreet Equity is rated a Buy, supported by a 25-year track record of strong FFO per share growth and significant market opportunity. MEQ owns 19,316 mid-market rental units in western Canada, representing only 8% of its addressable market, indicating substantial runway for expansion. The company employs a value-add acquisition and renovation strategy, maintains a conservative 43% LTV, and demonstrates minimal dilution with high insider ownership of 49%.
CALGARY, Alberta--(BUSINESS WIRE)--Mainstreet Equities has continued to perform well in Q3, posting growth in several key operating metrics. The company reported sequential same asset net operating income (NOI) growth of 4%, net operating income (NOI) up 8%, and funds from operations (FFO) growth of 9%. These metrics combined with lower occupancy rates, Alberta's strong economic growth, and declining new supply point toward strengthening market fundamentals. Bob Dhillon, Founder and Chief Execu.
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