The Globe and Mail reports in its Wednesday, Jan. 31, edition that Scotia Capital analyst Mario Saric trimmed his Allied Properties REIT unit target to $24.25 from $25 with a "sector outperform" recommendation ahead of the Wednesday release of its fourth quarter results. The Globe's David Leeder writes that analysts on average target the units at $22.33. Mr. Saric says in a note: "Overall, Allied Properties REIT is up 44 per cent since Q3 results (vs. 17 per cent for CAD REITs and 55 per cent for U.S. office REITs), eating into some of the significant upside we saw and creating a more balanced risk-reward heading into Wednesday, in our view. That said, we're keeping our 'sector perform' rating based on what we still believe is a very discounted valuation (implied $325/sf), including a highly attractive (and we think sustainable) 9-per-cent distribution yield, which is a reasonable minimum total return CAGR through 2025." The Globe reported on July 22, 2022, that Mr. Saric had reaffirmed his "sector outperform" call for Allied Properties REIT. The units could then be had for $33.76. The Globe reported on Dec. 22, 2023, that RBC had reaffirmed its "outperform" recommendation when the units were worth $19.93.