The Globe and Mail reports in its Thursday, May 8, edition that ATB Capital Markets analyst Chris Murray has reaffirmed his "sector perform" recommendation for Mainstreet Equity. The Globe's David Leeder writes in the Eye On Equities column that Mr. Murray bumped his share target ahead by $5 to $225. Analysts on average target the shares at $237.50. Mr. Murray says in a note: "Mainstreet Equity delivered another strong quarter, with healthy rental dynamics in core markets and increased stabilization rates driving mid-teens FFO/share growth, offsetting the trending increase in vacancy rates in several core markets. M&A activity remained notably below trend, although transaction levels appear to have normalized in early Q3/FY25 with Mainstreet adding 182 doors. Management remained constructive on its outlook for FY2025, with low vacancy levels, improving stabilization rates and regular mark-to-market adjustments all supportive of sustained NOI growth, with opportunities for densification and redevelopment offering optionality and potential upside over the longer-term. ... Mainstreet remains positioned to capitalize on favourable rental market dynamics and M&A, [and] moderating industry valuations."