"Mainstreet's stock has compounded by nearly 20% for over 22 years now. Had you invested $100k in MEQ when it went public, it would be worth over $4.7m today."
"In-line Q4/F21; YoY FFO/Share Growth Continues; Increasing Target to $140 - Mainstreet continues to produce strong YoY FFO/share growth despite the pandemic, thanks to its counter cyclical investments and repositioning program."
Subsequent to the release of our Q4/Y21 report, highlights of analysts' reports on Mainstreet's (TSX:MEQ's) performance and outlook.
By: Steve Tustin
Bob Dhillon knows what the expected "post-Covid" arrival of newcomers means to Canada's rental market. The Government of Canada is projecting the population will grow by 1.2 million through immigration in the next few years alone, and while not everyone will be a renter, that number is big enough that there will be a supply and demand imbalance for rental accommodation. It will become a game of musical chairs unless we can address this issue soon, and creatively.
By: Jesse Greenwell
An event has been organized to celebrate the food bank opening, as well as the community volunteers and donations that made it possible. CEO Bob Dhillon will be joined by Her Honour, the Honourable Salma Lakhani, Lieutenant Governor of Alberta for the official ribbon-cutting ceremony.
By: Nikhil Kumar
Motley Fool Stock Advisor Canada explains why MEQ is such a great stock to own in 2021.
By: Simon Jones
Mainstreet has partnered with a community agency to build and donate localized food banks at a few of its Calgary properties.
By: Kathy Kerr
Edmonton remains one of Canada's most affordable multi-residential markets for both renters and investors. Landlords at the annual real estate forum reported 98 to 99 per cent of rents are being collected in the city. Developers and landlords said the best performing multi-residential assets in Edmonton are mid-market low-rises.
By: JENNIFER SMITH
Mainstreet has purchased its first asset in Vernon, the former City View Gardens apartments on Centennial Drive, under the new name Vernon City View Apartments. Mainstreet also recently acquired Penticton Main Street Apartments, its second property in Penticton.
By: Chris Nelson
MEQ Founder, President & CEO Bob Dhillon explains why Alberta's future is bright and its real estate market is a solid investment nearing the end of the COVID-19 pandemic.
By: Frank O'brien
One of Western Canada's largest landlords, which already controls a third of the Surrey, B.C., multi-family rental market, is planning a multimillion-dollar acquisition expansion in British Columbia in 2021. Mainstreet's acquisition plan will exclusively target smaller B.C. cities and towns, such as Penticton, Kamloops, Abbotsford and Chilliwack.