Mainstreet Equity to Launch Buyback for 10% of Shares

Dow Jones

2025/05/30

By Adriano Marchese

Mainstreet Equity said it plans to buy back up to 10% of its shares over the course of a one-year period.

The Calgary, Alberta, company, which buys and manages mid-market residential rental properties, said on Friday that the Toronto Stock Exchange has approved its plan to buy back up to 475,359 shares for cancellation.

Shares have been under pressure so far in the year, falling about 4.6% to close on Thursday at 194.47 Canadian dollars, but they are still up about 16% over the past 52 weeks.

At that price, the value of the shares intended for repurchase would be worth about C$92.4 million.

Mainstreet can begin buying back the shares on June 3.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 30, 2025 07:48 ET (11:48 GMT)

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