Double-Digit Growth. Mainstreet Delivers Again.
In Q2 2025, we posted:
FFO up 16%
NOI up 15%
Rental revenue up 12%
$460M in liquidity positioning us for countercyclical growth opportunities
CALGARY, Alberta, March 7, 2025 – Mainstreet Equity Corp. (TSX:MEQ) successfully held its Annual General Meeting (AGM) on March 6, 2025, with approximately 90% of shares represented, reflecting strong shareholder confidence and engagement.
During the AGM, all nominated directors were re-elected, including CEO Navjeet (Bob) Dhillon, Joseph Amantea, Ron Anderson, Karanveer Dhillon, Richard Grimaldi, and John Irwin. PricewaterhouseCoopers LLP was re-appointed as the company’s auditor, and the renewal and amendment of the Shareholder Rights Plan were approved with 77.15% in favor.
Bob Dhillon, CEO, emphasized the significance of this high voter turnout, highlighting shareholders’ commitment to Mainstreet’s strategic vision. CFO Trina Cui added that the strong representation reaffirms confidence in the company's leadership and direction.
Mainstreet remains dedicated to transparency and engagement with shareholders as it continues its growth strategy.
For full details, please visit www.sedarplus.ca.
The entirety of Mainstreet's portfolio is Western Canada based. With large holdings in the major centres of Edmonton and Calgary, AB; Surrey and Abbotsford, BC; and, Saskatoon and Regina, SK.
Mainstreet has significant market share in a number of its operating cities: 28% Surrey, BC; 21% Abbotsford, BC; and, 15% Saskatoon, SK.
Calgary and Edmonton portfolios are represented by significant inner-city holdings. Including Central and ICE District in Edmonton, and Beltline communities in Calgary. These properties are particularly attractive to Millennials, and students attending secondary education institutions. Smaller cities such as Saskatoon and Regina, SK; Lethbridge, AB; Kamloops, BC and Abbotsford, BC, also have large student populations.
Mainstreet is constantly active in new property assessment and acquisitions in all of it operating cities, and monitors and evaluates the upside to enter into new markets under the right conditions.
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