Last C$40.69 CAD
Change Today +0.69 / 1.73%
Volume 2.0K
MEQ On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 2:14 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

mainstreet equity corp (MEQ) Snapshot

Open
C$40.48
Previous Close
C$40.00
Day High
C$40.69
Day Low
C$40.22
52 Week High
07/22/14 - C$41.00
52 Week Low
08/29/13 - C$29.03
Market Cap
426.0M
Average Volume 10 Days
12.2K
EPS TTM
C$6.56
Shares Outstanding
10.5M
EX-Date
--
P/E TM
6.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for MAINSTREET EQUITY CORP (MEQ)

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mainstreet equity corp (MEQ) Details

Mainstreet Equity Corp., a residential real estate company, is engaged in the acquisition, divestiture, value-enhancement, and management of multi-family residential properties primarily in Western Canada. The company owns a portfolio of multi-family residential properties in Vancouver lower mainland, Calgary, Edmonton, and Saskatoon. As of September 30, 2013, it had a total portfolio of 8,218 residential units consisting of townhouses, garden-style apartments, and mid-rise and high-rise apartments; and 260 residential units held for sale. The company was founded in 1997 and is headquartered in Calgary, Canada.

Founded in 1997

mainstreet equity corp (MEQ) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$1.4M
Chief Financial Officer and Chief Operating O...
Total Annual Compensation: C$357.5K
Compensation as of Fiscal Year 2013.

mainstreet equity corp (MEQ) Key Developments

Mainstreet Equity Corp. Reports Earnings Results for the Third Quarter of Fiscal 2014

Mainstreet Equity Corp. reported earnings results for the third quarter of fiscal 2014. For the quarter, the company reported revenue from continuing operations rose 16% to $23.0 million, up from $19.8 million in the third quarter of 2013. Net operating income (NOI) from continuing operations increased 15% to $15.3 million. Funds from continuing operations were up 26% to $6.6 million, an increase over $5.3 million in the third quarter of 2013. Funds from continuing operations per basic share were increased by 26% to $0.63 from $0.50 in the third quarter of 2013.

Mainstreet Equity Corp. Reports Earnings Results for the Second Quarter of 2014

Mainstreet Equity Corp. reported earnings results for the second quarter of 2014. For the quarter, revenue from continuing operations rose 16% to $21.7 million, up from $18.7 million in second quarter of 2013. NOI from continuing operations increased 12% to $13.6 million, while growing 5% to $12.4 million at same asset properties. Funds from continuing operations were up 17% to $4.9 million, an increase over $4.2 million in second quarter of 2013.

Mainstreet Equity Corp. Ratifies Advance Notice By-Law

Mainstreet Equity Corp. passed to ratify the corporation's advance notice by-law which was adopted by the board of directors on February 21, 2014 at its annual and special general meeting of shareholders held on March 28, 2014.

 

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Industry Analysis

MEQ

Industry Average

Valuation MEQ Industry Range
Price/Earnings 6.0x
Price/Sales 4.7x
Price/Book 0.8x
Price/Cash Flow 5.7x
TEV/Sales NM Not Meaningful
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