The Globe and Mail reports in its Tuesday, Jan. 30, edition that National Bank Financial analyst Matt Kornack sees Canadian real estate equity investors continuing to be "at the whim of macro trends and volatility in bond yields" in 2024. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kornack continues to rate RioCan REIT "outperform" with an unchanged $21 unit target. Analysts on average target the units at $21.63. Mr. Kornack says in a note: "Management teams are optimistic on the prospects for stronger leasing spreads as options for tenants decline in the market and replacement costs require much higher economic rents. Our forecasting remains conservative with low single-digit SPNOI growth expected, but if we avoid a deep recession the pricing power pendulum is shifting to the landlords. RioCan and Primaris are the top total return prospects on valuation relative to portfolio quality." The Globe reported on Oct. 25, 2022, that Mr. Kornack continued to rate RioCan REIT "outperform." The units were then going for $18.78. The Globe reported on Dec. 22, 2023, that RBC Dominion Securities had reaffirmed its "outperform" recommendation for RioCan REIT when it was worth $18.38.