The Globe and Mail reports in its Friday, March 1, edition that RBC Capital analyst Jimmy Shan is sticking with his "outperform" recommendation for InterRent REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shan bumped his unit target for InterRent REIT up to $16.50 from $16. Analysts on average target the units at $14.64. Mr. Shan says in a note: "InterRent REIT reported a solid in-line Q4. Guidance for 6- to 8-per-cent revenue growth, SP NOI growth of high-single-digit to low-double-digit growth is robust and largely consistent with 2023. With 2023 interest expense headwinds behind it, FFO growth looks materially better at 13 per cent in 2024E and 10 per cent in 2025E. We believe the higher growth vs. peers, though, is largely reflected in its trading multiple. Impact of foreign student caps is one to watch given its 15-per-cent exposure to students although it does not appear to be big issue for now." The Globe reported on Dec. 8 that Desjardins rated Granite REIT "buy." The units were then worth $12.85. The Globe reported on Dec. 22 that Mr. Shan had reaffirmed his "outperform" recommendation and $16 unit target for InterRent REIT. The units were then trading at $13.06.