The Globe and Mail reports in its Tuesday edition that Mainstreet Equity ($32.84) said funds from operations (FFO) decreased 13 per cent to $26.2-million in fiscal 2016, compared with $30-million in 2015. The Globe's Brenda Bouw writes that FFO per basic share fell 5 per cent to $2.74, compared with $2.89 in 2015. Chief executive officer Bob Dhillon said in a statement: "The past year was a challenging one for us. We are acutely aware of the impacts of ongoing economic uncertainty in some of our core markets, and Mainstreet continues to monitor its operations and finances closely in order to remain in a position of strength." The company said its results were "adversely affected by a slow economic activity in our Alberta and Saskatchewan markets, resulting in increased vacancies, lower rental rates and concessions to tenants." Lower returns in the Prairie provinces were partially offset by assets in the Vancouver area. The Globe's Jennifer Dowty was bullish on Mainstreet on July 11. The shares were then worth $35.68. Canaccord Genuity analyst Jenny Ma maintained her "hold" rating in the Eye column on July 26. However, she trimmed her share target to $36 from $40. The shares could then be had for $34.67.