Scotiabank raised the firm’s price target on Flagship Communities REIT (MHCUF) to $24 from $23 and keeps an Outperform rating on the shares after hosting its 21st Annual Scotiabank Apartment Conference. The firm sees rental upside as the company prepares rental increases of 5.7% for 2025/2026. Additionally, while the company has publicly guided $50M-$100M for its acquisition pipeline, management has suggested $150M is achievable, the firm notes.
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