The Globe and Mail reports in its Tuesday, Aug. 15, edition that RBC Capital Markets analyst Pammi Bir continues to rate SmartCentres REIT "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Bir cut his unit target by $2 to $31. Analysts on average target the units at $28.81. Mr. Bir says in a note: "As anxiety around an economy shifting to lower gear persists, we expect SmartCentres' defensive, value-focused portfolio to remain operationally resilient. Indeed, traction in occupancy is encouraging, along with rising demand for new retail space. Mixed-use developments are progressing as expected, with a disciplined approach to new starts. Near-term catalysts to narrow the gap to NAV are likely limited. Still, at a near-8 per cent implied cap rate, we see steady growth at a very reasonable price." The Globe reported on April 3 that Desjardins Securities analyst Lorne Kalmar rated SmartCentres REIT "hold" in new coverage. The units were then worth $26.55. The Globe reported on May 17 that Scotia Capital analyst Mario Saric was sticking with his "sector perform" ranking on SmartCentres REIT. The units could then be had for $25.72.