Mainstreet Equity J (TSE:MEQ)
TSX:MEQ
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Mainstreet Equity
(TSX:MEQ)
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Rating:62Neutral
Price Target:
C$177.00
▲(1.21% Upside)
Action:Reiterated
Date:05/14/26
The score is primarily supported by strong financial performance (revenue growth and robust free cash flow), but is held back by weak technicals (below key moving averages with negative momentum) and a very unfavorable P/E-based valuation despite the high dividend yield.
Positive Factors
Cash Generation / Free Cash Flow
Consistent and growing operating cash flow (TTM 102.5M) and matched free cash flow (102.2M) indicate durable cash generation. Strong FCF supports funding of property renovations, maintenance and recurring distributions with less near-term reliance on external financing, reinforcing long-term portfolio value creation and operational resiliency.
Negative Factors
Elevated Leverage
Debt roughly in line with equity (debt-to-equity ~0.98) and historically higher levels mean material leverage remains. For a residential real estate operator this elevates interest‑rate and refinancing sensitivity, limits financial flexibility, and increases downside risk if rents or occupancy deteriorate over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation / Free Cash Flow
Consistent and growing operating cash flow (TTM 102.5M) and matched free cash flow (102.2M) indicate durable cash generation. Strong FCF supports funding of property renovations, maintenance and recurring distributions with less near-term reliance on external financing, reinforcing long-term portfolio value creation and operational resiliency.
Read all positive factors
Mainstreet Equity (MEQ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.56B
Dividend Yield0.09%
Average Volume (3M)4.34K
Price to Earnings (P/E)3070.9
Beta (1Y)0.44
Revenue Growth6.33%
EPS Growth-23.45%
CountryCA
Employees597
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)20.16
Shares Outstanding9,288,718
10 Day Avg. Volume4,316
30 Day Avg. Volume4,337
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$245.00Price Target Upside40.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)10.28
Revenue Forecast (FY)C$292.37M
Mainstreet Equity Business Overview & Revenue Model
Company Description
Mainstreet Equity Corp. engages in the acquisition, divestiture, value-enhancement, and management of multi-family residential properties in Western Canada. The company owns a portfolio of multi-family residential properties in Vancouver and the L...
How the Company Makes Money
MEQ primarily makes money from rental revenue generated by leasing residential units in its multi-family apartment portfolio. Key revenue streams include (1) residential rent collected from tenants under lease and month-to-month arrangements, and ...
Mainstreet Equity Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
63
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 283.24M | 276.29M | 249.80M | 210.03M | 180.57M | 159.93M |
| Gross Profit | 190.17M | 183.38M | 160.44M | 131.31M | 109.67M | 97.85M |
| EBITDA | 184.15M | 164.52M | 141.83M | 113.60M | 94.36M | 85.22M |
| Net Income | 187.71M | 287.01M | 199.88M | 109.41M | 120.54M | 225.53M |
Balance Sheet | ||||||
| Total Assets | 4.02B | 4.08B | 3.49B | 3.16B | 2.89B | 2.67B |
| Cash, Cash Equivalents and Short-Term Investments | 148.06M | 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 | 1.85B | 1.80B | 1.52B | 1.32B | 1.21B | 1.09B |
Cash Flow | ||||||
| Free Cash Flow | 102.19M | 85.38M | 92.14M | 71.65M | 52.37M | 35.25M |
| Operating Cash Flow | 102.51M | 85.70M | 92.44M | 71.84M | 52.94M | 35.96M |
| Investing Cash Flow | -144.66M | -83.53M | -172.19M | -158.59M | -102.23M | -240.40M |
| Financing Cash Flow | -25.90M | 264.42M | 47.80M | 125.03M | 74.89M | 185.55M |
Mainstreet Equity Technical Analysis
Negative
174.89
Price Trends
178.12
Negative
178.41
Negative
183.78
Negative
Market Momentum
-3.56
Positive
33.38
Neutral
9.09
Positive
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 174.89 is below the 20-day moving average (MA) of 176.87, below the 50-day MA of 178.12, and below the 200-day MA of 183.78, indicating a bearish trend. The MACD of -3.56 indicates Positive momentum. The RSI at 33.38 is Neutral, neither overbought nor oversold. The STOCH value of 9.09 is Positive, 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | C$34.50M | -223.31 | 4.41% | 2.31% | 0.99% | 57.64% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | C$1.56B | 3,070.92 | 10.42% | 0.09% | 6.33% | -23.45% | |
62 Neutral | C$1.54B | -51.32 | -2.76% | 1.07% | -15.83% | 72.51% | |
61 Neutral | C$127.70M | -23.02 | 9.18% | ― | -4.57% | ― | |
50 Neutral | C$1.55B | -29.67 | -14.88% | 0.25% | 11.12% | 55.62% | |
50 Neutral | C$126.42M | -10.18 | -8.54% | 10.31% | -4.10% | 48.99% |
* Real Estate Sector Average
TSE:MEQ
Mainstreet Equity
167.52
-25.22
-13.09%
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Mainstreet Equity Corporate Events
Business Operations and StrategyDividends
Mainstreet Equity Declares Quarterly Dividend as Western Canada Rental Portfolio Grows
Positive
Apr 10, 2026
Mainstreet Equity Corp., a Calgary-based multi-family rental specialist listed on the TSX, continues to expand a portfolio of about 19,300 affordable apartment units across western Canada. The company targets undervalued properties it can repositi...
Business Operations and StrategyShareholder Meetings
Mainstreet Reports Strong Shareholder Turnout and Governance Stability at AGM
Positive
Mar 6, 2026
Mainstreet Equity Corp., a Calgary-based TSX-listed real estate operator, focuses on high-quality, affordable multi-family rentals across Western Canada, supported by a counter-cyclical acquisition strategy and an organic, non-dilutive growth mode...
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.