The Globe and Mail reports in its Wednesday, Aug. 9, edition that RBC Capital Markets analyst Pammi Bir has reaffirmed his "sector perform" recommendation for Dream Office REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bir cut his unit target by $2 to $15. Analysts on average target the units at $14.47. Mr. Bir says in a note: "Notwithstanding in line Q2 results, we curbed our estimates and price target on Dream Office on a challenged outlook for office fundamentals and higher rates. We're encouraged by Dream's improving organic growth and recent progress on developments. As well, post-Q2 refinancing activity addresses its largest near-term debt maturity. However, we believe the recovery in occupancy will take longer and cost more with rising availability on offer for tenants." The Globe reported on May 19 that National Financial analyst Matt Kornack had downgraded Dream Office REIT to "sector perform" from "outperform." The units were then going for $14.52. The Globe reported on June 21 that Canaccord Genuity analyst Mark Rothschild had lowered his recommendation for Dream Office REIT to "hold" from "buy." The units could then be had for $12.86.