The Globe and Mail reports in its Tuesday, Jan. 30, edition that National Bank Financial analyst Matt Kornack sees Canadian real estate equity investors continuing to be "at the whim of macro trends and volatility in bond yields" in 2024. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kornack continues to rate Allied Properties REIT "outperform." Mr. Kornack boosted his unit target by $3 to $22. Analysts on average target the units at $22. Mr. Kornack says in a note: "Office fundamentals have yet to positively inflect and while the space has been oversold we think investors will want more certainty on where NOI is heading before jumping in. That said, it is a place we expect some alpha as any relative sentiment shift could take these names higher (or lower) given operational uncertainty. Allied is our top pick on its diversified geographic footprint across urban markets and superior balance sheet positioning." The Globe reported on July 19 that Mr. Kornack had reaffirmed his "outperform" recommendation for Allied Properties REIT. The units were then worth $22. The Globe reported on Dec. 22 that RBC had reaffirmed its "outperform" recommendation when the units could be had for $19.93.