The Globe and Mail reports in its Friday edition that National Bank analyst Matt Kornack is keeping his "sector perform" recommendation for Pro REIT intact. The Globe's David Leeder writes that Mr. Kornack tweaked his share target ahead by 25 cents to $6. Analysts on average target the shares at $6.25. Mr. Kornack says in a note: "Pro REIT put up a strong operational print to close out the year. The industrial portfolio continues to perform well, with leasing spreads (albeit on a smaller amount of space in Q4) displaying the strong mark-to-market potential of the underlying portfolio which is primarily concentrated on high demand small-to-mid-bay assets. Continued capital recycling initiatives have increased the industrial weighting in the portfolio. Pro REIT is relatively well positioned vis-a-vis its small cap peers given its industrial weighting and shorter WALT with significant embedded MTM potential." The Globe reported on Feb. 2, 2023, March 25, 2023, and June 2, 2023, that Mr. Kornack rated Pro REIT "sector perform." The units were then worth $6.40, $5.87 and $5.19. The Globe reported on Jan. 17, 2024, that CIBC had commenced coverage on Pro REIT with an "outperformer" recommendation. It was then worth $5.40.