The Globe and Mail reports in its Thursday, July 27, edition that Mainstreet Equity delivered robust results in its fiscal third quarter, commented ATB Capital Markets analyst Chris Murray as he reiterated an "outperform" recommendation. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Murray raised his share target to $160 from $155. Analysts on average target the shares at $166.67. The real estate rental company reported funds from operations of $1.91 per share, up 33 per cent from a year ago, and well ahead of the expectation of analysts of $1.60. This, according to Mr. Murray, reflected "the strength of the rental market in Western Canada, improving fixed cost absorption, and healthy unit growth (about 7 per cent) over the past 12 months." Mr. Murray says in a note, "Vacancy rates are expected to remain low in core markets on a go-forward basis (i.e., sub 2 per cent), providing good visibility into further net operating income growth, with M&A adding potential upside." The Globe reported on Feb. 16, 2022, that Mr. Murray had downgraded Mainstreet Equity to "sector perform" from "outperform." The shares could then be had for $133.16.