The Globe and Mail reports in its Thursday edition that iA Capital Markets analyst Johann Rodrigues has reiterated his "strong buy" recommendation for InterRent REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Rodrigues trimmed his share target to $18 from $20. Analysts on average target the shares at $16.71. Mr. Rodrigues says in a note: "Despite management's view that cap rates may creep up in secondary/tertiary markets, we have proactively taken our own cap rate up 10 basis points (to 3.65 per cent), which has lowered our NAV by 50 cents (to $16). This is a cautious change. ... Nevertheless, InterRent trades at a 17-per-cent discount to our revised NAV, the widest it's been since the REIT's inception. This is for a REIT that just delivered 6-per-cent rent and 9-per-cent SPNOI growth, with 7-per-cent NAV growth even after the hike in our cap rate. The stock has bounced 11 per cent in Q3, two times the TSX REIT Index and three times the broader TSX. We've been adamant that there is a window to buy Canadian multi-family REITs at a once-in-a-decade discount, a window that closes once Trudeau drops his review of the asset class. The window is closing so take advantage quickly."