The Globe and Mail reports in its Thursday, April 7, edition that Canaccord Genuity analysts Mark Rothschild and Christopher Koutsikaloudis have reaffirmed their "buy" recommendation for InterRent REIT. The Globe's David Leeder writes that Mr. Rothschild and Mr. Koutsikaloudis trimmed their unit target to $19 from $19.50. Analysts on average target the units at $19.63. The Canaccord stockpickers say in a note: "The lower target [price reflects] our belief that investors will, and should, consider the potential for [sector] cap rates to rise and the impact on property values. In the near term, there remains a wall of capital looking to invest in real estate, and we expect demand to remain strong. Also, most REITs are well positioned to grow cash flow and NAV through raising rental rates and value-add development projects. However, with corporate bond yields having risen more than 130 bps so far in 2022, and spreads between cap rates and the cost of debt well below the long-term average, we view the risk of cap rates rising as more material." Mr. Rothschild and Mr. Koutsikaloudis say InterRent REIT is one of seven REITs in their coverage universe they expect will outperform over the next year.