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Mainstreet Equity
(TSX:MEQ)
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Rating:66Neutral
Price Target:
C$180.00
▲(7.42% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by mixed financial quality: strong reported growth/profitability is tempered by earnings-quality concerns (non-cash/fair-value influence) and meaningful leverage with weaker operating cash backing. Valuation is a clear positive (low P/E and very high dividend yield), but technicals are a notable headwind with a broad downtrend and bearish momentum indicators.
Positive Factors
Revenue Expansion
Sustained revenue growth supports the durability of Mainstreet Equity’s rental platform and suggests continued benefits from portfolio expansion, renovations, occupancy, and higher rents across its multi-family housing assets.
Negative Factors
Meaningful Leverage
Despite improvement in TTM, debt remains high enough to constrain financial flexibility. Higher interest costs, refinancing needs, or weaker property values could pressure liquidity and limit acquisitions or redevelopment spending.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
Sustained revenue growth supports the durability of Mainstreet Equity’s rental platform and suggests continued benefits from portfolio expansion, renovations, occupancy, and higher rents across its multi-family housing assets.
Read all positive factors
Mainstreet Equity (MEQ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.54B
Dividend Yield0.17%
Average Volume (3M)7.73K
Price to Earnings (P/E)8.9
Beta (1Y)0.39
Revenue Growth5.14%
EPS Growth-43.08%
CountryCA
Employees649
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)18.80
Shares Outstanding9,255,942
10 Day Avg. Volume7,468
30 Day Avg. Volume7,728
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.96
Price to Sales (P/S)6.29
P/FCF Ratio20.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$217.50Price Target Upside29.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)9.55
Revenue Forecast (FY)C$291.05M
Mainstreet Equity Business Overview & Revenue Model
Company Description
Mainstreet Equity Corp. focuses on the acquisition, disposition, value enhancement, and active management of multi-family residential properties across Western Canada. The company boasts a significant property portfolio in key regions including Va...
How the Company Makes Money
MEQ generates revenue primarily by earning rental income from tenants living in its multi-family apartment properties. Its core revenue stream is monthly rent and related tenant charges collected across its residential portfolio, supported by in-h...
Mainstreet Equity Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 286.75M | 276.29M | 249.80M | 210.03M | 180.57M | 159.93M |
| Gross Profit | 193.47M | 183.38M | 160.44M | 131.31M | 109.67M | 97.85M |
| EBITDA | 281.66M | 397.79M | 141.83M | 113.60M | 94.36M | 85.22M |
| Net Income | 174.89M | 287.01M | 199.88M | 109.41M | 120.54M | 225.53M |
Balance Sheet | ||||||
| Total Assets | 4.04B | 4.08B | 3.49B | 3.16B | 2.89B | 2.67B |
| Cash, Cash Equivalents and Short-Term Investments | 142.55M | 321.38M | 48.83M | 81.76M | 44.56M | 19.22M |
| Total Debt | 1.80B | 1.92B | 1.65B | 1.57B | 1.43B | 1.36B |
| Total Liabilities | 2.17B | 2.28B | 1.97B | 1.85B | 1.68B | 1.58B |
| Stockholders Equity | 1.87B | 1.80B | 1.52B | 1.32B | 1.21B | 1.09B |
Cash Flow | ||||||
| Free Cash Flow | 108.58M | 85.38M | 92.14M | 71.65M | 52.37M | 35.25M |
| Operating Cash Flow | 108.96M | 85.70M | 92.44M | 71.84M | 52.94M | 35.96M |
| Investing Cash Flow | -141.49M | -83.53M | -172.19M | -158.59M | -102.23M | -240.40M |
| Financing Cash Flow | -47.81M | 264.42M | 47.80M | 125.03M | 74.89M | 185.55M |
Mainstreet Equity Technical Analysis
Negative
167.56
Price Trends
171.52
Negative
171.36
Negative
175.50
Negative
Market Momentum
-1.40
Positive
46.94
Neutral
51.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MEQ, the sentiment is Negative. The current price of 167.56 is below the 20-day moving average (MA) of 167.74, below the 50-day MA of 171.52, and below the 200-day MA of 175.50, indicating a bearish trend. The MACD of -1.40 indicates Positive momentum. The RSI at 46.94 is Neutral, neither overbought nor oversold. The STOCH value of 51.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MEQ.
Mainstreet Equity Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$45.37M | 8.84 | 3.54% | 2.08% | -0.76% | -20.95% | |
66 Neutral | C$1.54B | 8.87 | 9.49% | 0.17% | 5.14% | -43.08% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | C$1.56B | -74.36 | -5.13% | 1.31% | -7.33% | 54.42% | |
58 Neutral | C$1.54B | -101.94 | -16.05% | 0.28% | 10.21% | 50.83% | |
56 Neutral | C$110.55M | 8.17 | 8.51% | ― | -15.23% | 0.74% | |
33 Underperform | C$29.87M | 12.60 | -2.50% | 42.86% | -6.17% | ― |
* Real Estate Sector Average
TSE:MEQ
Mainstreet Equity
166.85
-23.86
-12.51%
TSE:AIF
Altus Group
45.67
-13.37
-22.64%
TSE:IEI
Imperial Equities
4.80
1.02
27.05%
TSE:SVI
Storagevault Canada
4.21
-0.52
-10.94%
TSE:PKT
Parkit Enterprise
8.01
-0.54
-6.32%
TSE:BRE
Bridgemarq Real Estate Services
3.15
-10.74
-77.32%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.