The Globe and Mail reports in its Friday, Feb. 20, edition that National Bank Financial analyst Giuliano Thornhill has reaffirmed his "market perform" recommendation for Choice Properties REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Thornhill gave his unit target a 50-cent boost to $16. Analysts on average target the units at $17.51. Mr. Thornhill says in a note: "Overall, results were slightly shy on retail NOI due to lower occupancy (down 10 basis points) than anticipated and higher G&A on year-end timing. introduced 2026 guidance of 2–3-per-cent same-asset NOI growth and FFO/u of $1.08–$1.10, reinforcing the stability of returns algorithm at 8-9 per cent. Incorporating this outlook, we revise our retail occupancy assumption to up 30 basis points in 2026, reaching 98.3 per cent, on similar renewal spreads to 2025 levels. Absent a material shift in interest rates and spreads, we view units priced accordingly for the stability offered to investors." The Globe reported on Sept. 26, that Mr. Thornhill had downgraded Choice Properties REIT to "sector perform" from "outperform." The units could then be had for $14.52.