The Globe and Mail reports in its Friday, May 22, edition that ATB Cormark Capital Markets analyst Sairam Srinivas commenced coverage of Allied Properties REIT with a "sector perform" recommendation, warning 2026 is likely to be a "transitory" year as it "works to strengthen its long-term strategic position." The Globe's David Leeder writes in the Eye On Equities column that Mr. Srinivas targets the units at $11. Analysts on average target the units at $9.94. Mr. Srinivas says in a note: "Allied is the largest publicly listed owner and operator of urban office properties located across key markets in Canada and stands to benefit from the 'Flight to Quality' and 'Spill Over' themes of office recovery. Having said that, while macro fundamentals should slowly become a tailwind for Allied, we think the REIT, with its plate full of initiatives aimed toward strengthening the balance sheet (which will solidify its position in the long term), will take some time to deliver the benefit of an office market recovery to unit holders. ... In the short term though, Allied will have to win back the trust of the market. Through this period, we expect the uncertainty on execution to weigh on the stock."