Business
Mainstreet Delivers 15th Straight Quarter of Double-Digit Growth Amid Economic Uncertainty
Mainstreet Equity Corp. (TSX: MEQ) today announced its 15th consecutive quarter of double-digit y...
About this update from Mainstreet Equity Corp.
[{"type":"text","content":"Mainstreet Delivers 15th Straight Quarter of Double-Digit Growth Amid Economic Uncertainty\n\n\n .bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwmarginl1 { margin-left: 30px }\n.bwmarginl2 { margin-left: 60px }\n.bwpadl0 { padding-left: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth50 { width: 50% }\n \n\n\n\n Mainstreet Equity Corp. (TSX: MEQ) today announced its 15th consecutive quarter of double-digit year-over-year growth, reinforcing the strength and resilience of its business model amidst ongoing global economic uncertainty. Funds from operations (“FFO”) increased 10%, while net operating income (“NOI”) increased 16% and rental revenues grew 10%. Same asset NOI rose 12% while revenues on a same-asset basis grew 6%. Operating margins increased from 63.9% in Q3 2024 to 67.5% in Q3 2025, and from 64.5% to 67.9% on the same asset properties over the same period.\n \n\n “Despite persistent uncertainty—from global trade disruptions to changing policies—Mainstreet has continued to perform and grow,” said Bob Dhillon, Founder and CEO of Mainstreet Equity Corp. “Our long-standing strategy of acquiring and revitalizing undervalued and underperforming mid-market rental assets has created a consistent pattern of non-dilutive growth. While we kept our powder relatively dry in the first two quarters, MEQ is ready to unleash $815 million of liquidity to generate a new wave of counter-cyclical growth going into 2026. Our goal is to turn today’s uncertainty into tomorrow’s opportunity—just as we’ve done for the past 25 years.”\n \n\n The Mainstreet Mission: We believe the current operating environment, including continued uncertainty stemming from global trade, economic headwinds, and immigration policy, presents an opportunity for accelerated acquisitions throughout the end of the year and fiscal 2026, potentially paving the way for another new phase of counter-cyclical growth at Mainstreet.\n \n\n As always, we remain passionately committed to our role as a crucial provider of quality, affordable homes for Canadians, offering renovated apartments and customer ...