Mainstreet Equity Corp.

MEQ · TO · Real Estate / Real Estate Services

178.92CAD+1.75 (+0.99%)

Price History

Full chart

Market Stats

Previous Close177.17

Open177.73

Day Range177.73 – 181.38

52-Week Range160.01 – 200.93

Volume7.41K

Market Cap1.55B

P/E (TTM)8.88

Forward P/E16.13

EPS18.79

Dividend Yield0.19%

Beta0.84

50-Day Avg168.98

200-Day Avg174.30

About

Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties. It invests in residential units consisting of townhouses, garden-style apartments, concrete mid-rise and high-rise apartments, and condo suites; and freestanding commercial houses. The company is headquartered in Calgary, Canada.

Company Details

SectorReal Estate
IndustryReal Estate Services
CEOMr. Navjeet Singh Dhillon
Employees649
Headquarters305 10 Avenue SE, Calgary, AB, Canada, T2G 0W2, Canada
Websitehttps://www.mainst.biz

Leadership

Mr. Navjeet Singh DhillonFounder, President, CEO & Director
Ms. Trina N. Cui CPAChief Financial Officer
Mr. Joseph B. AmanteaTreasurer, Corporate Secretary & Director
Ms. Luckresha BakerHuman Resources Manager

Financials

Income Statement

Currency: CAD	1998-09-30	2000-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2012-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30

Currency: CAD	1998-09-30	2000-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2012-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Total Revenue	1.78M	7.74M	12.82M	15.19M	34.01M	20.04M	24.62M	30.91M	40.38M	47.16M	51.03M	53.54M	64.38M	66.83M	78.19M	90.45M	100.39M	100.29M	104.66M	115.67M	137.61M	149.77M	159.93M	180.57M	210.03M	249.80M	276.29M
Growth (%)	-	+335.40%	+65.61%	+18.49%	+123.93%	-41.06%	+22.85%	+25.51%	+30.67%	+16.79%	+8.19%	+4.92%	+20.26%	+3.79%	+17.01%	+15.67%	+11.00%	-0.10%	+4.36%	+10.52%	+18.98%	+8.83%	+6.78%	+12.91%	+16.31%	+18.93%	+10.61%
Cost of Revenue	-	2.00M	4.88M	4.40M	19.24M	8.40M	10.02M	12.98M	15.93M	19.78M	20.12M	19.93M	23.45M	21.92M	26.16M	30.35M	33.07M	36.27M	40.29M	43.44M	51.30M	56.74M	62.08M	70.91M	78.72M	89.36M	92.91M
Gross Profit	1.78M	5.74M	7.94M	10.78M	14.77M	11.64M	14.61M	17.92M	24.45M	27.39M	30.91M	33.61M	40.94M	44.91M	52.03M	60.10M	67.32M	64.02M	64.37M	72.22M	86.31M	93.03M	97.85M	109.67M	131.31M	160.44M	183.38M
Gross Margin	100.00%	74.13%	61.97%	71.00%	43.44%	58.07%	59.32%	58.00%	60.55%	58.07%	60.58%	62.78%	63.59%	67.20%	66.55%	66.45%	67.06%	63.84%	61.50%	62.44%	62.72%	62.12%	61.18%	60.73%	62.52%	64.23%	66.37%
Operating Expense	1.06M	3.65M	2.17M	3.07M	3.98M	6.42M	7.43M	9.44M	15.12M	15.66M	20.61M	19.10M	20.85M	8.97M	8.45M	8.70M	8.71M	9.60M	10.27M	11.48M	12.46M	12.48M	12.24M	14.94M	17.23M	18.18M	19.49M
Operating Income	718.64K	2.09M	5.78M	7.72M	10.79M	5.22M	7.17M	8.48M	9.34M	11.73M	10.30M	14.51M	20.09M	35.94M	43.59M	51.40M	58.61M	54.42M	54.10M	60.74M	73.84M	80.56M	85.61M	94.73M	114.08M	142.26M	163.90M
Operating Margin	40.43%	27.03%	45.06%	50.80%	31.72%	26.03%	29.13%	27.45%	23.13%	24.87%	20.18%	27.10%	31.20%	53.78%	55.74%	56.83%	58.38%	54.27%	51.69%	52.51%	53.66%	53.79%	53.53%	52.46%	54.32%	56.95%	59.32%
EBITDA	904.86K	2.80M	6.93M	9.53M	13.17M	9.75M	12.48M	14.93M	17.43M	21.67M	21.89M	27.38M	34.60M	36.17M	43.89M	51.40M	58.61M	54.42M	54.10M	61.30M	73.80M	80.19M	85.22M	94.36M	113.60M	141.83M	397.79M
EBITDA Margin	50.90%	36.21%	54.06%	62.73%	38.72%	48.62%	50.70%	48.30%	43.15%	45.94%	42.91%	51.14%	53.74%	54.13%	56.14%	56.83%	58.38%	54.27%	51.69%	52.99%	53.63%	53.54%	53.29%	52.26%	54.09%	56.78%	143.97%
Net Income	9.27K	716.00K	771.00K	690.00K	2.58M	-1.81M	-3.47M	-3.11M	-6.11M	-4.28M	-3.03M	-3.86M	-3.05M	49.98M	62.49M	66.58M	64.71M	17.17M	90.94M	72.72M	58.69M	68.55M	225.53M	120.54M	109.41M	199.88M	287.01M
Net Income Margin	0.52%	9.25%	6.01%	4.54%	7.57%	-9.02%	-14.09%	-10.08%	-15.12%	-9.07%	-5.93%	-7.22%	-4.73%	74.79%	79.92%	73.61%	64.46%	17.12%	86.89%	62.87%	42.64%	45.77%	141.02%	66.75%	52.09%	80.02%	103.88%
R&D	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.23	1.04	555.00K	0.48	0.54	1.62	0.79	0.66	-	-
R&D as % of Total Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.00%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	-	-
Interest Expense	701.90K	732.00K	4.75M	6.20M	7.26M	7.63M	11.53M	13.54M	15.97M	17.08M	20.23M	19.65M	23.68M	21.53M	23.16M	24.12M	25.02M	26.03M	28.40M	28.66M	31.67M	32.97M	33.48M	36.57M	40.95M	50.42M	56.11M
Interest Expense % of Total Revenue	39.48%	9.46%	37.07%	40.80%	21.34%	38.06%	46.81%	43.82%	39.56%	36.21%	39.65%	36.70%	36.79%	32.22%	29.62%	26.67%	24.92%	25.96%	27.14%	24.78%	23.02%	22.01%	20.93%	20.25%	19.50%	20.18%	20.31%

Balance Sheet

Currency: CAD	1998-09-30	1999-09-30	2000-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2012-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30

Currency: CAD	1998-09-30	1999-09-30	2000-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2012-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Total Assets	12.48M	39.45M	68.68M	80.89M	114.62M	143.11M	145.89M	214.87M	253.77M	306.48M	337.51M	381.17M	399.44M	477.67M	1.06B	1.16B	1.27B	1.40B	1.48B	1.67B	1.88B	2.06B	2.24B	2.67B	2.89B	3.16B	3.49B	4.08B
Total Liabilities	10.61M	36.47M	64.98M	76.28M	109.32M	135.20M	139.79M	207.32M	247.50M	292.91M	315.72M	386.23M	407.96M	488.79M	630.26M	668.07M	710.05M	780.93M	888.79M	991.55M	1.13B	1.26B	1.37B	1.58B	1.68B	1.85B	1.97B	2.28B
Total Equity	1.87M	2.98M	3.70M	4.61M	5.30M	7.91M	6.10M	7.55M	6.27M	13.57M	21.79M	-5.06M	-8.52M	-11.13M	432.98M	496.37M	563.05M	620.41M	587.98M	676.97M	749.56M	800.30M	867.09M	1.09B	1.21B	1.32B	1.52B	1.80B
Cash	1.54M	1.41M	898.00K	112.00K	-	2.90M	218.00K	18.52M	14.04M	3.22M	8.48M	25.00M	1.42M	-	2.21M	1.82M	1.04M	1.53M	1.09M	24.77M	384.00K	70.00K	38.47M	19.22M	44.56M	81.76M	48.83M	20.41M
Total Debt	-	-	-	73.63M	105.92M	130.62M	135.64M	204.10M	242.76M	285.92M	308.31M	379.90M	400.68M	481.54M	510.99M	557.49M	601.99M	651.30M	754.63M	839.98M	958.82M	1.08B	1.18B	1.36B	1.43B	1.57B	1.65B	1.92B
Net Debt	-1.54M	-1.41M	-898.00K	73.52M	105.92M	127.71M	135.42M	185.58M	228.71M	282.70M	299.83M	354.89M	393.15M	474.32M	508.79M	555.66M	600.95M	649.77M	753.53M	815.21M	958.44M	1.08B	1.14B	1.34B	1.39B	1.48B	1.60B	1.90B

Cash Flow

Currency: CAD	1998-09-30	2000-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2012-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30

Currency: CAD	1998-09-30	2000-09-30	2001-09-30	2002-09-30	2003-09-30	2004-09-30	2005-09-30	2006-09-30	2007-09-30	2008-09-30	2009-09-30	2010-09-30	2011-09-30	2012-09-30	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2018-09-30	2019-09-30	2020-09-30	2021-09-30	2022-09-30	2023-09-30	2024-09-30	2025-09-30
Operating Cash Flow	475.10K	3.90M	3.92M	2.83M	18.96M	2.71M	425.00K	569.00K	7.33M	1.71M	4.84M	10.46M	11.95M	17.36M	24.78M	26.05M	33.60M	25.46M	33.17M	32.95M	40.74M	35.36M	35.96M	52.94M	71.84M	92.44M	85.70M
Investing Cash Flow	-11.13M	-20.78M	-10.30M	-18.47M	-33.97M	-5.12M	-40.41M	-39.69M	-66.67M	-31.34M	-15.54M	-40.47M	-86.71M	-76.44M	-51.22M	-68.57M	-56.52M	-56.67M	-77.62M	-95.07M	-148.67M	-106.95M	-240.40M	-102.23M	-158.59M	-172.19M	-83.53M
Financing Cash Flow	12.16M	16.36M	6.13M	15.35M	18.09M	-277.00K	58.28M	34.64M	48.52M	34.90M	27.23M	6.42M	74.53M	60.12M	7.34M	36.33M	23.46M	30.58M	67.99M	38.12M	107.88M	109.90M	185.55M	74.89M	125.03M	47.80M	264.42M
Capital Expenditure	0	0	10.30M	18.47M	33.97M	5.12M	40.41M	42.66M	66.67M	38.34M	24.56M	40.47M	4.32M	416.00K	48.72M	352.00K	56.52M	467.00K	827.00K	445.00K	1.66M	693.00K	702.00K	566.00K	188.00K	300.00K	317.00K
Free Cash Flow	475.10K	3.90M	-6.38M	-15.64M	-15.01M	-2.41M	-39.98M	-42.10M	-59.34M	-36.64M	-19.72M	10.46M	7.63M	16.95M	-23.94M	25.70M	-22.92M	25.00M	32.34M	32.51M	39.08M	34.67M	35.25M	52.37M	71.65M	92.14M	85.38M
Dividends Paid	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	768.00K	1.38M
FCF to OCF	100.00%	100.00%	-162.78%	-552.65%	-79.17%	-88.68%	-9407.76%	-7398.24%	-810.03%	-2144.96%	-407.69%	100.00%	63.83%	97.60%	-96.59%	98.65%	-68.21%	98.17%	97.51%	98.65%	95.92%	98.04%	98.05%	98.93%	99.74%	99.68%	99.63%
Dividend Paid to FCF	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.83%	1.61%

Earnings

Report Date	Dec 31, 2001	Mar 31, 2002	Jun 30, 2002	Sep 30, 2002	Dec 31, 2002	Mar 31, 2003	Jun 30, 2003	Sep 30, 2003	Dec 31, 2003	Mar 31, 2004	Jun 30, 2004	Sep 30, 2004	Dec 31, 2004	Mar 31, 2005	Jun 30, 2005	Sep 30, 2005	Dec 31, 2005	Mar 31, 2006	Jun 30, 2006	Sep 30, 2006	Dec 31, 2006	Mar 31, 2007	Jun 30, 2007	Dec 31, 2007	Mar 31, 2008	Jun 30, 2008	Sep 30, 2008	Dec 31, 2008	Mar 31, 2009	Jun 30, 2009	Sep 30, 2009	Feb 12, 2010	May 11, 2010	Jul 26, 2010	Dec 14, 2010	Feb 7, 2011	May 11, 2011	Jul 26, 2011	Dec 12, 2011	Mar 6, 2012	May 8, 2012	Jul 17, 2012	Dec 17, 2012	Feb 11, 2013	May 9, 2013	Jul 23, 2013	Dec 11, 2013	Feb 12, 2014	May 13, 2014	Jul 17, 2014	Dec 10, 2014	Feb 12, 2015	May 12, 2015	Jul 15, 2015	Dec 9, 2015	Feb 10, 2016	May 10, 2016	Jul 21, 2016	Dec 6, 2016	Feb 14, 2017	May 9, 2017	Jul 20, 2017	Dec 13, 2017	Feb 13, 2018	May 8, 2018	Jul 17, 2018	Dec 13, 2018	Feb 13, 2019	May 14, 2019	Jul 23, 2019	Dec 9, 2019	Feb 11, 2020	Jun 23, 2020	Aug 11, 2020	Dec 7, 2020	Feb 12, 2021	May 11, 2021	Jul 27, 2021	Dec 7, 2021	Feb 14, 2022	May 10, 2022	Jul 26, 2022	Dec 13, 2022	Feb 14, 2023	May 9, 2023	Jul 25, 2023	Dec 6, 2023	Feb 6, 2024	May 7, 2024	Jul 23, 2024	Dec 4, 2024	Feb 4, 2025	May 6, 2025	Aug 7, 2025	Dec 9, 2025	Feb 10, 2026	May 12, 2026	Aug 4, 2026	Dec 8, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.50	-	-	-	-	-	-	-	-	0.49	0.54	0.56	0.55	0.52	0.52	0.47	0.59	0.55	0.69	0.78	0.76	0.89	0.76	1.11	0.94	0.85	1.03	1.30	1.00	1.08	1.24	1.22	1.11	1.22	1.46	1.40	1.53	1.55	1.81	2.00	1.84	1.98	2.01	2.52	2.21	1.96	2.33	2.57
EPS Actual	0.03	0.04	0.02	-0.01	0.31	-0.03	-0.02	0.02	-0.02	-0.07	-0.06	-0.04	-0.10	-0.10	-0.05	-0.13	-0.12	-0.08	-0.11	-0.03	-0.02	-0.38	-0.05	-0.05	-0.07	-0.05	-0.13	-0.18	-0.31	-0.05	0.34	-0.10	-0.12	-0.14	0.00	-0.05	-0.14	-0.04	-0.07	0.43	1.26	2.50	0.85	1.20	0.48	-0.08	4.08	0.29	-0.11	2.22	3.54	0.41	-0.27	-0.90	6.74	-0.83	-2.67	-0.03	5.17	-0.42	0.02	-1.15	11.33	0.36	1.13	2.62	3.50	0.61	1.36	1.21	3.11	1.48	0.63	1.16	5.17	0.93	0.96	1.11	4.23	1.21	1.00	1.13	6.03	1.35	1.20	1.56	4.24	1.84	1.77	-1.70	4.54	1.72	2.13	5.00	3.34	1.93	0.01	4.76	-
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18.00%	-	-	-	-	-	-	-	-	-95.92%	-312.96%	1923.21%	-34.55%	117.31%	403.85%	644.68%	3.39%	147.27%	75.36%	298.72%	94.74%	-29.21%	52.63%	365.77%	-1.06%	12.94%	7.77%	225.38%	21.00%	-7.41%	-8.87%	394.26%	21.62%	-1.64%	6.85%	202.86%	20.26%	14.19%	-193.92%	126.75%	-6.52%	7.58%	148.76%	32.44%	-12.67%	-99.27%	104.29%	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Pre-market	Pre-market	After-hours	After-hours	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market

Key Statistics & Ratios

Market Cap1.55B

Enterprise Value3.17B

Trailing P/E8.88

Forward P/E16.13

PEG Ratio2.49

Price / Sales5.41

Price / Book0.81

EPS18.79

Book Value202.36

Revenue (TTM)286.75M

Gross Profit (TTM)194.32M

EBITDA173.21M

Profit Margin60.99%

Operating Margin61.78%

Return on Equity9.75%

Return on Assets2.73%

Shares Outstanding9.29M

Shares Float4.06M

Beta0.84

Dividend Yield0.19%

Dividend Rate0.32

Payout Ratio2.79%

Dividends

20264×

0.08Oct 16, 20260.08Jul 17, 20260.08Apr 17, 20260.08Jan 16, 2026

20254×

0.04Oct 17, 20250.04Jul 17, 20250.04Apr 17, 20250.04Jan 17, 2025

20244×

0.03Oct 17, 20240.03Jul 17, 20240.03Apr 15, 20240.03Jan 15, 2024