The Globe and Mail reports in its Tuesday, Feb. 24, edition that Desjardins Securities analyst Lorne Kalmar is sticking with his "hold" recommendation for Dream Office REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kalmar tweaked his unit target ahead by 50 cents to $19. Analysts on average target the shares at $22.76. Mr. Kalmar says in a note: "Q4 results demonstrated what we believe appears to be the early innings of a recovery in Dream's office portfolio, and management's tone around the leasing environment was noticeably more optimistic. While the mid-point of 2026 guidance implies a 7-per-cent FFOPU decline, we view this target as being achievable based on the assumptions outlined. Dream remains our preferred Canadian office REIT; however, we remain on the sidelines until we have a greater degree of confidence in a resumption of earnings growth." The Globe reported on Feb. 16, 2024, and Feb. 26, 2025, that Mr. Kalmar had reiterated his "buy" and "hold" recommendation for Dream Office REIT. The units could then be had for $8.02 and $18.48.