Mainstreet Equity Corp
Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties. It invests in residential units consisting of townhouses, garden-style apartments, concrete mid-rise and high-rise apartments, and condo suites; and freestanding… Read more
Mainstreet Equity Corp (MEQYF) - Net Assets
Latest net assets as of June 2025: $1.71 Billion USD
Based on the latest financial reports, Mainstreet Equity Corp (MEQYF) has net assets worth $1.71 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.87 Billion) and total liabilities ($2.16 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.71 Billion |
| % of Total Assets | 44.19% |
| Annual Growth Rate | 29.39% |
| 5-Year Change | 75.11% |
| 10-Year Change | 144.74% |
| Growth Volatility | 38.75 |
Mainstreet Equity Corp - Net Assets Trend (1998–2024)
This chart illustrates how Mainstreet Equity Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mainstreet Equity Corp (1998–2024)
The table below shows the annual net assets of Mainstreet Equity Corp from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $1.52 Billion | +15.09% |
| 2023-09-30 | $1.32 Billion | +8.96% |
| 2022-09-30 | $1.21 Billion | +10.84% |
| 2021-09-30 | $1.09 Billion | +25.97% |
| 2020-09-30 | $867.09 Million | +8.34% |
| 2019-09-30 | $800.30 Million | +6.77% |
| 2018-09-30 | $749.56 Million | +10.72% |
| 2017-09-30 | $676.97 Million | +15.14% |
| 2016-09-30 | $587.98 Million | -5.23% |
| 2015-09-30 | $620.41 Million | +10.19% |
| 2014-09-30 | $563.05 Million | +13.43% |
| 2013-09-30 | $496.37 Million | +14.64% |
| 2012-09-30 | $432.98 Million | +15.17% |
| 2011-09-30 | $375.94 Million | +28.14% |
| 2010-09-30 | $293.39 Million | +5894.73% |
| 2009-09-30 | $-5.06 Million | -123.23% |
| 2008-09-30 | $21.79 Million | +60.62% |
| 2007-09-30 | $13.57 Million | +116.24% |
| 2006-09-30 | $6.27 Million | -16.92% |
| 2005-09-30 | $7.55 Million | +10.67% |
| 2004-09-30 | $6.82 Million | -13.69% |
| 2003-09-30 | $7.91 Million | +49.17% |
| 2002-09-30 | $5.30 Million | +14.97% |
| 2001-09-30 | $4.61 Million | +24.66% |
| 2000-09-30 | $3.70 Million | +23.96% |
| 1999-09-30 | $2.98 Million | +59.64% |
| 1998-09-30 | $1.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mainstreet Equity Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 16097591.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.49 Billion | 98.26% |
| Common Stock | $26.42 Million | 1.74% |
| Total Equity | $1.52 Billion | 100.00% |
Mainstreet Equity Corp Competitors by Market Cap
The table below lists competitors of Mainstreet Equity Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Antin Infrastructure Partners
LSE:0AA5
|
$545.92 Million |
|
Minerals 260 Ltd
AU:MI6
|
$546.20 Million |
|
Pan-International Industrial Corp
TW:2328
|
$546.41 Million |
|
JM Financial Limited
NSE:JMFINANCIL
|
$546.82 Million |
|
Vitesse Energy Inc
NYSE:VTS
|
$545.82 Million |
|
Shenzhen Consys Science & Technology Co. Ltd. A
SHG:688788
|
$545.81 Million |
|
Jiuzhitang Co Ltd
SHE:000989
|
$545.65 Million |
|
Dogan Sirketler Grubu Holding AS
IS:DOHOL
|
$545.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mainstreet Equity Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,319,244,000 to 1,518,353,000, a change of 199,109,000 (15.1%).
- Net income of 199,877,000 contributed positively to equity growth.
- Dividend payments of 768,000 reduced retained earnings.
- Other comprehensive income decreased equity by 19,447,025.
- Other factors increased equity by 19,447,025.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $199.88 Million | +13.16% |
| Dividends Paid | $768.00K | -0.05% |
| Other Comprehensive Income | $-19.45 Million | -1.28% |
| Other Changes | $19.45 Million | +1.28% |
| Total Change | $- | 15.09% |
Book Value vs Market Value Analysis
This analysis compares Mainstreet Equity Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.79x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 634.83x to 0.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-09-30 | $0.20 | $128.00 | x |
| 2000-09-30 | $0.41 | $128.00 | x |
| 2001-09-30 | $0.48 | $128.00 | x |
| 2002-09-30 | $0.61 | $128.00 | x |
| 2003-09-30 | $0.86 | $128.00 | x |
| 2004-09-30 | $0.72 | $128.00 | x |
| 2005-09-30 | $0.82 | $128.00 | x |
| 2006-09-30 | $0.66 | $128.00 | x |
| 2007-09-30 | $1.24 | $128.00 | x |
| 2008-09-30 | $1.48 | $128.00 | x |
| 2009-09-30 | $-0.44 | $128.00 | x |
| 2010-09-30 | $28.31 | $128.00 | x |
| 2011-09-30 | $34.26 | $128.00 | x |
| 2012-09-30 | $39.02 | $128.00 | x |
| 2013-09-30 | $44.48 | $128.00 | x |
| 2014-09-30 | $50.37 | $128.00 | x |
| 2015-09-30 | $55.96 | $128.00 | x |
| 2016-09-30 | $57.32 | $128.00 | x |
| 2017-09-30 | $70.78 | $128.00 | x |
| 2018-09-30 | $78.50 | $128.00 | x |
| 2019-09-30 | $84.92 | $128.00 | x |
| 2020-09-30 | $92.56 | $128.00 | x |
| 2021-09-30 | $116.88 | $128.00 | x |
| 2022-09-30 | $129.61 | $128.00 | x |
| 2023-09-30 | $141.54 | $128.00 | x |
| 2024-09-30 | $162.93 | $128.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mainstreet Equity Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.16%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 80.02%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.30x
- Recent ROE (13.16%) is above the historical average (2.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 0.50% | 0.52% | 0.14x | 6.68x | $-177.60K |
| 2000 | 19.36% | 9.25% | 0.11x | 18.57x | $346.20K |
| 2001 | 16.72% | 6.05% | 0.16x | 17.55x | $310.00K |
| 2002 | 13.02% | 4.54% | 0.13x | 21.63x | $160.00K |
| 2003 | 32.57% | 7.57% | 0.24x | 18.10x | $1.78 Million |
| 2004 | -23.73% | -8.20% | 0.13x | 21.49x | $-2.30 Million |
| 2005 | -45.93% | -14.78% | 0.11x | 28.45x | $-4.22 Million |
| 2006 | -49.63% | -10.08% | 0.12x | 40.45x | $-3.74 Million |
| 2007 | -45.00% | -15.12% | 0.13x | 22.59x | $-7.46 Million |
| 2008 | -19.64% | -9.07% | 0.14x | 15.49x | $-6.46 Million |
| 2009 | 0.00% | -5.83% | 0.14x | 0.00x | $-2.52 Million |
| 2010 | -1.32% | -7.22% | 0.07x | 2.55x | $-33.20 Million |
| 2011 | 21.84% | 144.29% | 0.06x | 2.44x | $44.52 Million |
| 2012 | 12.95% | 83.88% | 0.06x | 2.46x | $12.75 Million |
| 2013 | 12.75% | 80.93% | 0.07x | 2.35x | $13.64 Million |
| 2014 | 11.82% | 73.61% | 0.07x | 2.26x | $10.27 Million |
| 2015 | 10.43% | 64.46% | 0.07x | 2.26x | $2.67 Million |
| 2016 | 2.92% | 17.12% | 0.07x | 2.51x | $-41.63 Million |
| 2017 | 13.43% | 86.89% | 0.06x | 2.46x | $23.24 Million |
| 2018 | 9.70% | 62.87% | 0.06x | 2.51x | $-2.23 Million |
| 2019 | 7.33% | 42.64% | 0.07x | 2.57x | $-21.35 Million |
| 2020 | 7.91% | 45.77% | 0.07x | 2.58x | $-18.16 Million |
| 2021 | 20.65% | 141.02% | 0.06x | 2.45x | $116.30 Million |
| 2022 | 9.96% | 66.75% | 0.06x | 2.39x | $-539.00K |
| 2023 | 8.29% | 52.09% | 0.07x | 2.40x | $-22.51 Million |
| 2024 | 13.16% | 80.02% | 0.07x | 2.30x | $48.04 Million |
Industry Comparison
This section compares Mainstreet Equity Corp's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $2,059,690,269
- Average return on equity (ROE) among peers: -11.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mainstreet Equity Corp (MEQYF) | $1.71 Billion | 0.50% | 1.26x | $545.85 Million |
| Aroundtown SA (AANNF) | $15.58 Billion | 4.76% | 0.99x | $1.42 Billion |
| AAP Inc (AAPJ) | $-563.85K | 0.00% | 0.00x | $1.96 |
| Ambase Corp (ABCP) | $13.21 Million | -37.29% | 0.03x | $6.43 Million |
| Americann Inc (ACAN) | $2.28 Million | -121.35% | 1.65x | $2.44K |
| Ascendas India Trust (ACNDF) | $608.11 Million | 8.24% | 0.75x | $831.45 Million |
| Adler Group S.A (ADPPF) | $1.83 Billion | 19.44% | 0.92x | $41.80 Million |
| Agritek Holdings Inc (AGTK) | $-2.95 Million | 0.00% | 0.00x | $5.39K |
| reAlpha Tech Corp. Common Stock (AIRE) | $471.59K | 0.00% | 2.14x | $30.35 Million |
| Avalon GloboCare Corp. (ALBT) | $3.55 Million | 1.57% | 0.05x | $2.42 Million |
| Allreal (ALRHF) | $2.56 Billion | 7.14% | 1.27x | $2.39 Billion |