Mainstreet Continues to Expand Its Portfolio, Increase Its Revenue and Net Operating Income, and Improve Its Operating Margins and Occupancy Rates

About this update from Mainstreet Equity Corp.

[{"type":"text","content":"\n\n\n Jul. 18, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, July 18, 2011 /CNW/ - (TSX: MEQ) In the third quarter of\n 2011(1), Mainstreet Equity Corp. made significant strides forward in\n its goals of growth, increased revenue and cash flow, and improved\n margins and occupancy rates. The Corporation's success is evident in\n its key performance metrics for the quarter:\n\n\nKEY METRICS | Q3 Performance Highlights\n\n\n\n\n\n\n\nRental Revenue\n\n\n|\n\n\nUp 25% to $16.4 million (vs. $13.1 million in Q3 2010)\n\n\n\n\nRental Revenue - Same Assets Properties\n\n\n|\n\n\nUp 10% to $14.0 million (vs. $12.8 million in Q3 2010)\n\n\n\n\nNet Operating Income (NOI)\n\n \n \n\n\n\nFrom operations\n\n\n|\n\n\nUp 28% to $10.7 million (vs. $8.3 million in Q3 2010)   \n\n\n\n\nSame Assets Properties\n\n\n|\n\n\nUp 13% to $ 9.2 million (vs. $8.1 million in Q3 2010)   \n\n\n\n\nFunds from operations \n\n \n \n\n\n\nIncluding financing cost\n\n\n|\n\n\nUp 101% to $3.2 million (vs. $1.6 million in Q3 2010)   \n\n\n\n\nExcluding financing cost\n\n\n|\n\n\nUp 39% to $3.8 million (vs. $2.7 million in Q3 2010)   \n\n\n\n\nOperating Margin\n\n \n \n\n\n\nFrom operations\n\n\n|\n\n\n65% (vs. 64% in Q3 2010)   \n\n\n\n\nSame Assets Properties\n\n\n|\n\n\n65% (vs. 64% in Q3 2010)\n\n\n\n\nTotal Acquisition & Capital Expenditures\n\n\n|\n\n\n$85 million year to date (vs. $47 million in 2010)\n\n\n\n\nSta...

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