The Globe and Mail reports in its Friday, Feb. 2, edition that Canaccord Genuity analyst Mark Rothschild has reaffirmed his "buy" recommendation on Allied Properties REIT. The Globe's David Leeder writes that Mr. Rothschild gave his unit target a $1.75 boost to $22. Analysts on average target the units at $22.05. Mr. Rothschild tweaked his unit target ahead in response to Allied Properties' late Wednesday release of in-line quarterly results. Mr. Rothschild says in a note: "We note that 2023 performance was below guidance, indicating that fundamentals have been weaker than management had expected. Though management had been presenting a bullish tone consistently over the past few years, that is no longer the case. Guidance for 2024 is less explicit, and suggests that FFO per unit is likely to drop. Specifically, management asserted that FFO per unit, AFFO per unit, and same-property NOI 'may contract by up to 5 per cent,' and that it would 'strive for flat metrics' in 2024." The Globe reported on Nov. 28, 2022, and April 26, 2023, that Mr. Rothschild rated Allied "buy" when it was worth $26.45 and $24.21. The Globe reported on Jan. 31, 2024, that Scotia Capital rated Allied "sector outperform," when it was worth $19.52.