Mainstreet Equity (TSE:MEQ) has released an update.
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Mainstreet Equity celebrates a landmark achievement with its tenth consecutive quarter of double-digit growth, showcasing a 46% increase in funds from operations and a 23% rise in net operating income. The company credits its success to its value-add business model and robust portfolio growth, now boasting nearly 18,000 units and a $3.2 billion asset base achieved organically without equity dilution. Mainstreet’s strategic approach capitalizes on the current housing undersupply and rental market dynamics in Canada, which are expected to drive ongoing demand.
For further insights into TSE:MEQ stock, check out TipRanks’ Stock Analysis page.