The Globe and Mail reports in its Wednesday, Aug. 16, edition that RBC Capital Markets analyst Pammi Bir has an unchanged "sector perform" recommendation for Crombie REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bir cut his unit target by $1 to $17. Analysts on average target the units at $16.89. Mr. Bir says in a note: "On the whole, our stable outlook for Crombie is unchanged post largely in-line results. Operationally, we expect its defensive, grocery anchored portfolio to continue putting up low-single-digit-per-cent organic NOI growth. Still, we trimmed our earnings outlook on development related drag and higher rates. We note the units have significantly lagged (down 14 per cent) the REIT sector (down 3 per cent) since mid-May. While moderating growth and macro headwinds might explain some of the weakness, we think the current implied cap may appeal to long-term capital." The Globe's guest columnist Sean Pugliese recommended buying Crombie REIT in the Number Cruncher column on Sept. 9, 2022. The units were then going for $13.91.