Mainstreet Equity (TSX:MEQ) Tax Rate % : 19.81% (As of Mar. 2024)

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What is Mainstreet Equity Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mainstreet Equity's Tax Expense for the three months ended in Mar. 2024 was C$8.3 Mil. Mainstreet Equity's Pre-Tax Income for the three months ended in Mar. 2024 was C$41.9 Mil. Therefore, Mainstreet Equity's Tax Rate % for the quarter that ended in Mar. 2024 was 19.81%.

Mainstreet Equity Tax Rate % Historical Data

The historical data trend for Mainstreet Equity's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mainstreet Equity Tax Rate % Chart

Mainstreet Equity Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Tax Rate %

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10.97

14.57

12.89

15.81

20.64

Mainstreet Equity Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															20.25	18.01	23.67	9.09	19.81

Mainstreet Equity Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Mainstreet Equity's Tax Rate % for the fiscal year that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Sep. 2023 )	/	Pre-Tax Income (A: Sep. 2023 )
	=	28.457	/	137.87
	=	20.64 %

Mainstreet Equity's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	8.303	/	41.913
	=	19.81 %

Mainstreet Equity Tax Rate % Related Terms

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Mainstreet Equity (TSX:MEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mainstreet Equity Corp (TSX:MEQ) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

MEQYF:USA

Address

10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2

Website

https://www.mainst.biz

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.

Executives

Richard Grimaldi

Director

Mainstreet Equity (TSX:MEQ) Headlines

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