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Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.
Stocks in play: Mainstreet Equity
Posted, in Q3 2024, its 11th consecutive quarter of double-digit, year-over-year growth across all key operating metrics. Funds from operations before current income taxes grew 32%, net operating income increased 19%, same-asset NOI rose 15% and rental revenues increased 17%. Overall operating margins improved to 64% in Q3 2024, up from 63% last year. Same-asset operating margins over the same period also increased to 66%, up from 64%. Mainstreet Equity shares T.MEQ are trading down $3.46 at $184.19.
