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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
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Post by Betteryear2on May 07, 2024 7:06am
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Post# 36026363

Achieves Tenth Consecutive Quarter of Double-digit Growth

Achieves Tenth Consecutive Quarter of Double-digit Growth

CALGARY, Alberta--()--Mainstreet posted our tenth consecutive quarter of double-digit, year-over-year growth across all key operating metrics in Q2 2024. Funds from operations (“FFO”) before current corporate tax increased 46%, near the fastest rate in Mainstreet history. Net operating income (“NOI”) rose 23%, same-asset NOI grew 17%, rental revenues increased 19%, and operating margins improved to 61%.

Mainstreet Equity Achieves Tenth Consecutive Quarter of Double-digit Growth in Q2 | Business Wire


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