The Globe and Mail reports in its Tuesday, Nov. 7, edition that Scotia Capital analyst Mario Saric has reaffirmed his "sector perform" recommendation for Artis REIT. The Globe's David Leeder writes that Mr. Saric knocked his unit target back by a loonie to $7.50. Analysts on average target the units at $7.75. Mr. Saric says in a note: "We maintain our 'sector perform' rating with our key estimates down 8 to 17 per cent post a quarter that lagged our expectations but met consensus. Estimate changes are less relevant for Artis REIT than most peers. Rather, near-term unit price movement is more dictated by pace of asset sales and, ultimately, the outcome of the ongoing strategic review; we expect to hear something by year-end. Artis REIT is progressing on asset sales, which could support an SIB (now that the NCIB is exhausted; expires December, 2023). We reiterate our Q2 view that there is likely more upside than downside at the current unit price, with Artis REIT more of a near-term catalyst-driven trade than positive long-term fundamental story, in our view. Outside the strategic review, a more dovish BOC/Fed is one of the near-term catalysts given Artis REIT's significant floating rate debt exposure."