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Mainstreet Equity Corp.

09:41 AM EST - Mainstreet Equity Corp. : Continued to see improvement across all key metrics in Q3 2021, achieving our second consecutive quarter of double-digit growth in funds from operations and a steady increase in rental revenues. We also continued to pursue our countercyclical growth strategy in the quarter, acquiring 918 units for a total consideration of $122 million (year-to-date acquisitions totaled $176 million, or 1,373 units). Our management team continued to leverage low interest rates in Q3, raising $48 million through the refinancing of 10-year, CMHC-insured mortgages at 2.52% to fund future growth. Mainstreet Equity Corp.
shares T.MEQ are trading unchanged at $101.30.