The Globe and Mail reports in its Friday, Feb. 6, edition that National Bank analyst Matt Kornack and Giuliano Thornhill have reaffirmed their "outperform" ranking and $22.50 unit target for Flagship Communities REIT (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the units at $23.32. Mr. Kornack and Mr. Thornhill say in a note: says in a note: "Flagship Communities is our top U.S. housing pick, and again the top total return in our coverage, given its steep valuation discount, despite offering some of the highest organic growth and defensibility in the REIT sector (the latter being increasingly important in today's economic environment). Trading liquidity is sparse but for those that can, we would happily buy and hold this name." The Globe reported on May 16, Aug. 8 and Nov. 14 that National Bank had reaffirmed its "outperform" call for Flagship Communities when it could be had for $18.13, $17.50 and $18.35.