Mainstreet Equity Corp. announced unaudited consolidated earnings results for the second quarter ended March 31, 2013. Funds from operations in the second quarter of 2013 rose 39% to $4.3 million (before US investment fund expense, loss on disposition and stock option cash settlement expense), up from $3.1 million in the second quarter of 2012. Rental revenue increased 16% to $19 million, up from $16.4 million in the corresponding quarter, while net operating income climbed to $12.1 million, a 17% increase from $10.4 million in the second quarter of 2012. The strong performance was driven by portfolio growth, decreasing rental incentives, improvements in vacancy rates and higher rental rates.

Mainstreet Equity Corp. reported earnings results for the first quarter of fiscal 2013. For the quarter, the company reported rental revenue increased 18% to $18.1 million, from $15.3 million in first quarter of 2012. Net operating income increased 19%, climbing to $12.2 million from $10.3 million a year ago. Funds from operations improved by 22%, hitting $3.9 million, before U.S. investment fund expenses and a stock option cash settlement expense. This compares to $3.2 million in first quarter of 2012, an improvement driven by decreasing rental incentives and higher rental rates.

Mainstreet Equity Corp., Annual General Meeting, Mar 21, 2013., at 14:30 Mountain Standard Time. Location: 1413 - 2nd Street S.W.. Agenda: To receive the audited financial statements of the Corporation for the financial year ended September 30, 2012 and the report of the auditors thereon; to fix the board of directors of the Corporation at six members; to elect the board of directors for the ensuing year; to appoint Deloitte & Touche LLP, Chartered Accountants, as the auditors of the Corporation for the ensuing year and to authorize the board of directors to fix their remuneration; to approve and adopt, with or without modification, an ordinary resolution to renew the Stock Option Plan of the Corporation and approve all unallocated option entitlements under the Corporation's Stock Option Plan; to adopt, with or without modification, an ordinary resolution to approve a Shareholder Rights Plan; and to transact such other business as may be properly brought before the meeting.