The Globe and Mail reports in its Thursday, April 3, edition that Scotia Capital analyst Mario Saric has reaffirmed his "sector perform" recommendation for American Hotel Income Properties REIT. The Globe's David Leeder writes that Mr. Saric gave his unit target a 10-cent trim to 70 cents. Analysts on average target the units at 67 cents. Mr. Saric says he trimmed his unit target mostly because of "lower margin expansion following a seasonally slow Q4 print." Mr. Saric says in a note: "Our target price falls 13 per cent, roughly consistent with the 9-per-cent unit price drop [Tuesday] (erasing recent gains). That said, we're challenged to explain the immediate move, other than perhaps the market anticipating a more 'catalystic' quarter given the delayed reporting (results released essentially at the deadline). Net-net, we reiterate our positive view of American Hotel Income's successful debt refinancing program over the past six to nine months, including executing on dispositions, with YTD unit repurchases (1.6 per cent of units outstanding) perhaps signaling early signs of a transition to offense. Regarding distributions, we left our prior reintroduction in 2026 intact, which remains a key catalyst (good 'signal')."