The Globe and Mail reports in its Thursday, Nov. 9, edition that Scotia Capital analyst Himanshu Gupta continues to rate CT REIT "sector outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Gupta gave his unit target a 50-cent trim to $17. Analysts on average target the units at $15.90. Mr. Gupta says in a note: "CT REIT continues to be go-to income name with distribution yield of 6.5 per cent at 72-per-cent 2024 AFFO payout ratio. We expect 4.4-per-cent year-over-year AFFOPU [adjusted funds from operations per unit] growth in 2024 and won't be surprised if we see another distribution hike next year. ... CT REIT recently completed 10 years since IPO and reminded us about the exceptional track record of 5.67-per-cent AFFOPU CAGR and 4.66-per-cent NAVPU CAGR. Given consistent growth metrics, CT REIT's unit price outperformed all retail peers and REIT indices by a wide margin since 2013. While AFFOPU growth has been solid, we also remind that CRT continues to be at the lowest leverage amongst retail peers. CT REIT's net debt/EBITDA at 6.7 times (vs traditional retail peers at nine times to 10 times). ... We think CT REIT provides good 'defense' and there is downside protection."