The Globe and Mail reports in its Friday, Nov. 21, edition that in a note titled 3Q25 Results: The Acquisition Engine Hits Another Gear in 2025 YTD, Raymond James analyst Brad Sturges lowered his Automotive Properties REIT unit target to $12.50 from $12.75 with an unchanged "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the units at $12.59. Mr. Sturges says in a note: "Automotive Properties' long-term, triple-net leased cash flows that contractually grow over time with fixed-rent escalators and/or CPI-linked adjustments provide [the REIT] with investment characteristics that are similar in nature to long-term bonds with residual value exposure. {The REIT']s underlying commercial real estate value can be further supported by [its] prime urban location focus within its land constrained Canadian VECTOM markets that may allow Automotive Properties to strategically pursue higher and better use land intensification development opportunities over the long-term." The Globe reported on Aug. 19 that Desjardins Securities analyst Lorne Kalmar was keeping his "buy" recommendation for Automotive Properties intact. The units could then be had for $11.68.