Mainstreet Equity Corp (MEQ.TO) Buy, Sell or…

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Daily Stock Opinions and Ratings

Mainstreet Equity Corp (MEQ.TO)

168.20

-1.05 (0.62%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

11 watching

PAST TOP PICK

(Top Pick Jan 18/12, Up 44.44%)

PAST TOP PICK

(A Top Pick Nov 16/11. Up 65.47%.) Apartments. Great management. Still cheap relative to NAV.

BUY

Thinks there is a possibility of a dividend, but it will be relatively small. Very similar to Boardwalk (BEI.UN-T). They own apartments in Western Canada. CEO has really focused on developing properties so they tend to take a lot of the cash flow they generate, plow it back into the company and unlock a lot of value. NAV is north of $35 so feels there could be some potential upside.

PAST TOP PICK

(A Past Pick Aug 10/11. Up 88.81%.) Still likes. 2 story apartment buildings in Western Canada. Fantastic operation. Vacancy rates in the West are getting tighter so subsidies are getting lower. Trades at a discount to NAV and there is probably $4-$5 left out of this but will probably take 6 months to do it. No yield.

BUY ON WEAKNESS

(Market Call Minute.) Wish that he could own, but too small for him. Buy at $31 or better.

TOP PICK

(Top Pick Jul 4/11, Up 59%) Apartment dwellings out west where all the growth is. Management is strong. Net operating income is going through the roof. It trades cheap. They get CMHC financing. They don’t pay a dividend

BUY

Stock is probably worth $28-$29 so at these levels, it offers a very healthy return. Not a REIT so it doesn't pay a distribution. High quality name.

TOP PICK

A real estate corp., not a REIT. It outperforms. Last quarter they blew away their numbers. They can raise rents and their interest costs are dropping every day. It is trading at a discount because it is small and does not pay a dividend. Thinks they eventually will pay a dividend.

BUY

Not a REIT, but a CORP. and has no distribution. An owner of B and some C apartments in western Ontario. Trades a a huge discount to it’s NAV. Tremendous upside. Too small for him to own.

TOP PICK

Own 2 & 3 story apartment buildings in Alberta. Net migration is coming into Alberta and the rental market is tightening up. Trades at a 20% discount to NAV. Probably worth $32-$35 over the next year. No dividend.

TOP PICK

Real Estate corporation. Liked it for the last 9 months. They buy under-performing apartment buildings in Alberta and retrofit them and re-rent them. Financing is cheap because they can get CMHC financing. They don’t offer a yield but he thinks they will offer one within the next year. Management owns 30% of outstanding shares. It trades at a discount to NAV.

TOP PICK

No dividend, but it is so incredible. They take buildings in Alberta and refurbish them and then re-lease them. Hot economy there. Trades at a discount to NAV. Will eventually pay a dividend. CMHC financing is used.

TOP PICK

Can't own this one because it is way too small for him. Doesn't pay a dividend, but has a lot of low hanging fruit. Half some lease up that they should be doing to continue the trend. Cash concessions used to be $85 a month but is now down to $52 and should drop to $35. Feels the stock is worth $23-$24 but if they can pick the low hanging fruit, it is worth $28-$29.

TOP PICK

They acquire underperforming apartment buildings in Alberta. They reposition CapX into apartments and re-rent them out. Management is internalized and they own 30% of the company. Probably worth closer to $32-$35. Very cheap. Get their funding from CMHC which is the cheapest way to do it.

PARTIAL SELL

Has moved up a lot. Looks like it wants to top right here for a bit. If you own, you might to consider selling a little bit because you have done so well. On the other hand, it has a very entrepreneurial owner and there is still a chance you get dividends declared.

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Mainstreet Equity Corp (MEQ.TO)