The Globe and Mail reports in its Friday, Feb. 16, edition that Desjardins Securities analyst Lorne Kalmar has reaffirmed his "buy" recommendation for Choice Properties REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kalmar hiked his unit target by a loonie to $15.50. Analysts on average target the units at $15.14. Mr. Kalmar says in a note: "Choice Properties REIT reported another solid quarter. SPNOI came in at an impressive 4.2 per cent while occupancy ticked up to 98 per cent. The REIT also delivered two industrial developments and a 126-unit multi-family project, along with an acceleration of capital-recycling activity. Our revised 2024 FFOPU estimate is at the top end of management's $1.02 to $1.03 guidance range. We continue to view Choice Properties as a high-quality name with a defensive, in-demand portfolio deserving of a premium valuation." The Globe reported on July 25 and Oct. 5 that Mr. Kalmar rated Choice Properties "buy" when it could be had for $14.06 and $12.51. The Globe reported on Nov. 15 that RBC Capital Markets analyst Pammi Bir was keeping his "sector perform" recommendation for Choice Properties intact. The units could then be had for $13.16.