Mainstreet Equity Corp T.MEQ

Alternate Symbol(s): MEQYF

Mainstreet Equity Corp. is a Canada-based real estate operating 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.

TSX:MEQ - Post by User

Mainstreet Equity Corp

Bullboard Posts

Comment by symboton Oct 04, 2013 9:32am

230 Views

Post# 21790579

RE:BNN Market Call Tonight Top Pick

13-10-03

TOP PICK

Paul Harris, CFA

Trading at a discount to its NAV by about 25%. This company owns apartment buildings in Calgary, Edmonton, Saskatoon and in BC. They buy underperforming assets and redevelop them. Incredibly well run company. It doesn’t pay a dividend so will probably always trade at a discount to other REITs.