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 > Chris Blumas - BNN -TOP PICK

<< Previous

Bullboard Posts

Next >>

Comment by Possibleidiot01on Jun 18, 2024 7:28pm

152 Views

Post# 36095085

RE:Chris Blumas - BNN -TOP PICK

Additional Blumas

TOP PICK

Has pulled back to a fair valuation for a phenomenal compounder. It's not a REIT, but a real estate corporation. So, they retain their capital to do deals. (REITs don't retain capital, so are stuck when there's a downturn.) MEQ buys smaller mid-market apartments, competing with mom-and-pop operators, not REITs. MEQ is counter-cyclical, and pays strong returns on time.

(Analysts’ price target is $205.00)

property mngmnt / investment

$162.010