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Home CompaniesMainstreet Equity Corp.

Mainstreet Equity Corp.

Real Estate Real Estate Services
PortfolioPortfolio WatchlistWatchlist
Company price
178.5 CAD 4.97 ( 2.86%)
Last update at 2026-11-04T16:34:00Z
VOLUME
2938
Market Cap
1697.91M
P/E
6.09

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
176.70
Low
178.50
High
52 Week Price Range
169.93
Low
206.57
High

Momentum Score

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Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Mainstreet Equity Corp. is a Canada-listed real estate company that acquires, owns and operates multi-residential rental properties, focusing on smaller-market, value-oriented apartments. Long-term growth may be driven by steady rental demand, organic rent growth from property improvements and selective acquisition activity. Investors may find the company attractive for exposure to recurring rental cash flow and potential income distribution.
Key risks include sensitivity to higher interest rates and financing costs, local rental market downturns and operational exposure to vacancy and maintenance cost fluctuations.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
173.53
Dividend Yield
0.11%
Revenue TTM
279.56M
Revenue Per Share
30.01
Gross Profit TTM
186.96M
Debt / Equity
1.06
ROE
16.30%
Net Debt
1896.45M
ROCE
4.33%
Diluted EPS TTM
29.96

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Income before tax 341.07M 237.80M 137.87M 143.17M 258.90M
Net income 287.01M 199.88M 109.41M 120.54M 225.53M
Selling general administrative 18.87M 18.18M 17.23M 14.94M 12.24M
Gross profit 183.38M 160.44M 131.31M 109.67M 97.85M
Reconciled depreciation 0.62M 0.92M 0.99M 0.92M 0.91M
Ebit 163.90M 141.34M - 109.67M 97.85M
Ebitda 164.52M 141.83M - 89.59M 81.17M
Depreciation and amortization 0.62M 0.48M - -20.07M -16.68M
Operating income 163.90M 142.26M 113.08M 109.67M 97.85M
Other operating expenses 112.40M 107.53M - 86.76M 75.22M
Interest expense 56.11M 50.42M 40.95M 36.57M 33.48M
Tax provision 54.06M 37.92M 28.46M 22.63M 33.37M
Interest income 7.55M 144.86M 2.43M 86.89M 212.00M
Net interest income -57.78M -50.42M -45.17M -41.70M -37.92M
Income tax expense 54.06M 37.92M - 22.63M 33.37M
Total revenue 276.29M 249.80M 210.03M 180.57M 159.93M
Total operating expenses 19.49M 18.18M 96.95M 15.86M 13.14M
Cost of revenue 92.91M 89.36M 78.72M 70.91M 62.08M
Total other income expense net 177.17M 95.54M 69.95M 33.50M 161.05M
Net income from continuing ops 287.01M 199.88M 109.41M 120.54M 225.53M
Net income applicable to common shares 287.01M 199.88M - 120.54M 225.53M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Total assets 4081.21M 3491.43M 3164.99M 2893.49M 2674.57M
Intangible assets 0.49M - - 1.03M 1.19M
Other current assets 4.81M - - 6.74M 5.85M
Total liab 2278.96M 1973.08M 1845.75M 1682.74M 1582.26M
Total stockholder equity 1802.25M 1518.35M 1319.24M 1210.75M 1092.31M
Other current liab 9.20M 8.36M 7.05M 7.40M 6.66M
Common stock 26.39M - - 26.44M 26.49M
Capital stock 26.39M 26.42M 26.42M 26.44M 26.49M
Retained earnings 1775.86M 1491.93M 1292.83M 1184.31M 1065.82M
Other liab - - - 233.56M 210.93M
Other assets - - - - 2616.15M
Cash 20.41M 48.83M 81.76M 44.56M 19.22M
Cash and equivalents 300.97M - - - -
Total current liabilities 294.81M 185.95M 164.95M 128.11M 96.57M
Current deferred revenue 1.82M - - 7.40M 6.66M
Net debt 1896.45M 1600.84M 1484.05M 1388.89M 1337.95M
Short term debt 269.28M - - 112.38M 82.42M
Short long term debt 269.28M 155.53M 147.03M 112.38M 82.42M
Short long term debt total 1916.86M - - 1433.45M 1357.18M
Property plant equipment 6.70M - - 2825.25M 2622.92M
Total current assets 333.76M 76.58M 105.36M 67.21M 50.46M
Net tangible assets - - - 1209.72M 1091.12M
Short term investments 300.97M - - 44.56M 19.22M
Net receivables 5.48M 0.30M 0.41M 1.55M 1.20M
Long term debt 1647.58M 1494.13M 1418.78M 1321.07M 1274.76M
Inventory 2.08M 12.06M 13.81M 14.37M 24.19M
Accounts payable 12.44M 13.49M 9.39M 8.33M 7.49M
Non currrent assets other 3740.26M - - 2817.91M 2616.15M
Non current assets total 3747.45M 3414.86M 3059.63M 2826.28M 2624.11M
Long term debt total 1647.58M - - 1321.07M 1274.76M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Investments - -172.19M -158.59M -102.23M -240.40M
Change to liabilities - - - 1.13M -1.28M
Total cashflows from investing activities -83.53M -172.19M - -102.23M -240.40M
Net borrowings -90.33M -155.22M - -67.71M -105.94M
Total cash from financing activities 264.42M 47.80M 125.03M 74.89M 185.55M
Change to operating activities - - - -0.46M 0.14M
Net income 287.01M 199.88M 109.41M 120.54M 225.69M
Change in cash 14.44M -80.77M 37.20M 25.34M -19.25M
Begin period cash flow 5.97M 86.74M 44.56M 19.22M 38.47M
End period cash flow 20.41M 5.97M 81.76M 44.56M 19.22M
Total cash from operating activities 85.70M 92.44M 70.76M 52.68M 35.61M
Depreciation 0.62M 0.92M 0.99M 0.92M 0.91M
Other cashflows from investing activities -83.21M -0.02M - -101.26M -239.52M
Dividends paid -1.38M -0.77M - - -
Change to inventory -0.03M -0.24M 0.04M 0.04M -0.91M
Change to account receivables 0.27M -4.06M - -0.35M 0.11M
Sale purchase of stock -1.74M 0.00M -0.92M -2.10M -0.31M
Other cashflows from financing activities 358.38M 203.78M - 144.69M 291.80M
Change to netincome - - - -75.04M -193.76M
Capital expenditures 0.32M 0.30M 0.59M 0.77M 0.88M
Change in working capital -5.69M 6.18M 1.50M 0.36M -1.93M
Stock based compensation - - - - -245.59M
Other non cash items -239.82M -114.53M 41.30M -91.76M -222.42M
Free cash flow 85.38M 92.14M 70.17M 51.91M 34.73M

Peer Comparison*

Sector: Real Estate Industry: Real Estate Services

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MEQ
Mainstreet Equity Corp.		 4.97
2.86%		 178.50 6.09 20.33 6.07 0.93 12.08 8.62
FSV
FirstService Corp		 9.32
4.47%		 217.96 46.12 24.15 1.68 4.96 1.47 15.41
CIGI
Colliers International Group Inc Bats		 -2.77
1.92%		 141.87 56.74 15.15 1.45 3.84 1.43 12.33
BPO-PA
Brookfield Office Properties Inc Pref A		 0.20
0.88%		 23.00 2.21 - 1.84 - - -
BPO-PP
Brookfield Offi Pro Cl Aaa P Prf		 -0.11
0.50%		 21.84 1.98 - 1.65 - - -

Profile*

Mainstreet Equity Corp.

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.

305 10 Avenue SE, Calgary, AB, Canada, T2G 0W2

403 215 6060

https://www.mainst.biz

649

Name Title Year Born
Mr. Navjeet Singh Dhillon Founder, Pres, CEO & Director NA
Ms. Trina N. Cui Chief Financial Officer NA
Ms. Sheena J. Keslick Vice-Pres of Operations NA
Mr. Joseph B. Amantea Treasurer, Corp. Sec. & Director NA
Mr. Jesse Greenwell Head of Communications, Culture & Inclusivity NA
Ms. Luckresha Baker HR Mang. NA
Mr. Navjeet Singh Dhillon Founder, President, CEO & Director NA
Mr. Joseph B. Amantea Treasurer, Corporate Secretary & Director NA
Ms. Luckresha Baker Human Resources Manager NA
Ms. Trina N. Cui CPA Chief Financial Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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