Added to YB: 2025-03-13
Pitch date: 2025-01-23
MEQ.TO [bullish]
Mainstreet Equity Corp.
-19.6%
current return
Author Info
No bio for this author
Company Info
Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada.
Market Cap
CAD 1.6B
Pitch Price
CAD 209.40
Price Target
N/A
Dividend
0.19%
EV/EBITDA
18.72
P/E
9.07
EV/Sales
11.31
Sector
Real Estate Management and Development
Category
growth
MAINSTREET EQUITY CORP MEQ.
MEQ.TO: Canadian real estate gem acquiring/renovating mid-market apts. 18% FFO CAGR, 20%+ shareholder returns. $210/share, 9.3M shares, $1.9B mcap, $3.4B EV. Trades near appraised value, est. $11.50 FFO by 2025. 15%+ annual returns potential. Strong tailwinds: immigration, supply constraints, Alberta recovery. 99% CMHC debt @ 2.97%. Catalysts: discovery, execution, rate cuts.
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