The Globe and Mail reports in its Tuesday, June 23, edition that Desjardins Securities analyst Michael Markidis says he is "realistically optimistic" after playing host to meetings between Summit Industrial Income REIT ($11.27) and institutional investors last week. The Globe's David Leeder writes in the Eye On Equities column that Mr. Markidis continues to rate the shares "buy." Mr. Markidis, however, boosted his share target to $12 from $11.50. Analysts on average target the shares at $11.97. The Desjardins stockpicker says in a note, "All requests for rent relief have been dealt with, the secured lending market has improved materially and acquisition opportunities are gradually starting to resurface." Mr. Markidis notes Summit's occupancy has improved slightly since the onset of the COVID-19 pandemic, and its tenants have not failed or given back space. He expects rent collection in June to mirror May results. Also seeing "good news" from its 50-per-cent interest in development lands in Guelph, Ont., where the first of two planned phases is nearing completion, he raised his 2020 and 2021 funds from operations per unit projections to 63 cents each, up from 62 cents and 61 cents.