The Globe and Mail reports in its Friday, Nov. 17, edition that RBC Capital Markets analyst Pammi Bir is sticking with his "outperform" call on SmartCentres REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bir gave his unit target a $2 trim to $29. Analysts on average target the unit at $26.43. Mr. Bir says in a note: "Supported by its defensive assets, continued strength in tenant demand, population growth, and new supply that has not kept pace, we believe the organic growth outlook for SmartCentres sets up stronger than its historical levels. A disciplined approach to development should also drive incremental earnings and value upside. In short, at an 8-per-cent-plus implied cap rate with steady growth, we see good value." 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. The Globe reported on Aug. 15 that Mr. Bir continued to rate SmartCentres REIT "outperform." The units could then be had for $24.70.