The Globe and Mail reports in its Thursday, Dec. 4, edition that Desjardins's Lorne Kalmar continues to rate Plaza Retail REIT "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kalmar gave his unit target as 25-cent boost to $4.75. Analysts on average target the units at $4.67. Mr. Kalmar says in a note: "Q3 results were slightly ahead, with FFOPU [funds from operations per unit] up 8 per cent plus year-over-year. SPNOI [same-property net operating income] growth of 1.7 per cent was slightly below our expectations due to the closure of a lone Toys "R" Us location (2.3-per-cent adjusted). Fundamentals remained solid, with occupancy at 97.9 per cent (99 per cent excluding its three mall assets) and leasing spreads of 12 per cent year-to-date (14 per cent on an IFRS basis). Plaza Retail REIT also continues to execute its portfolio optimization strategy. Our forecast now calls for 10-per-cent FFOPU growth in 2025 and 8 per cent in 2026, before moderating to 2 per cent in 2027 (approximately 5-per-cent FFOPU CAGR)." The Globe reported on Jan. 23 that Mr. Kalmar began coverage on Plaza Retail REIT with a "buy" recommendation and a $4.25 unit target. The units were then worth $3.52.