The Globe and Mail reports in its Friday, May 26, edition that Canaccord Genuity analyst Mark Rothschild has lowered his recommendation for Canadian Net REIT to "hold" from "buy." The Globe's David Leeder writes that Mr. Rothschild cut his unit target back by a loonie to $5.50. Analysts on average target the units at $6.79. Mr. Rothschild says in a note: "While operations remain stable and the REIT can achieve steady organic growth, we expect that the REIT's units will continue to trade at a material discount to NAV as external growth is likely to remain modest and investors gain comfort with the new CEO. In addition, leverage remains relatively high." The Globe reported on Jan. 27, 2022, that Desjardins Securities analyst Kyle Stanley had commenced coverage on Canadian Net with a "buy" call. In the item, he called the REIT's valuation "compelling." It was then worth $8.10. The Globe reported on Nov. 24, 2022, that Echelon Capital analyst David Chrystal had reaffirmed his "buy" recommendation for Canadian Net. The units could then be had for $6.73. The Globe reported on March 25, 2023, that Mr. Stanley was sticking with his "buy" recommendation for Canadian Net REIT. The units were then worth $5.84.