At Mainstreet Equity, we’re celebrating a year of extraordinary achievements! FY 2024 marked 12 consecutive quarters of double-digit growth, reinforcing our position as a leader in the Canadian rental market.
To share the story behind this success, our CEO Bob Dhillon and CFO Trina Cui sat down for a 9-minute podcast. Moderated by Jesse Greenwell, this insightful conversation highlights our financial milestones, market insights, and the vision that continues to drive us forward.
📹 Watch the Podcast Now:
Experience the highlights firsthand!
👉 Click Here to Watch on YouTube
🎧 What You’ll Learn in the Podcast:
In this engaging discussion, Bob and Trina dive into:
✅ FY 2024 Key Financial Milestones – How we delivered 33% FFO growth before income tax and expanded our portfolio to over 18,400 units.
✅ Insights on Canada’s Evolving Rental Market – Addressing challenges and opportunities in a structurally undersupplied market.
✅ Our Vision for the Future – How Mainstreet is creating value for both investors and tenants while addressing Canada’s housing affordability crisis.
FY 2024 By the Numbers:
Here’s a snapshot of our achievements:
- 33% increase in FFO before income tax
- 22% growth in NOI (18% same-store NOI growth)
- 19% rise in rental revenue (12% same-store revenue growth)
- 1,296 units acquired for $178 million, growing our portfolio to 18,400 units
- Fair market value of assets climbed 12% to $3.41 billion
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Join the Conversation:
This success is a testament to the hard work of our team and the trust of our investors. Watch the podcast and let us know your thoughts—because together, we’re building something remarkable.