The Globe and Mail reports in its Thursday, May 16, edition that Scotia Capital analyst Mario Saric has reaffirmed his "sector outperform" recommendation for InterRent REIT. The Globe's David Leeder writes that Mr. Saric tweaked his unit target ahead by 25 cents to $14.50. Analysts on average target the units at $14.95. Mr. Saric says in a note: "InterRent has notably lagged peers and sector post the Federal government's March 20 NPR announcement (down 14 per cent vs. down 9 per cent and down 5 per cent, we believe due to InterRent's overweight in Ontario/B.C. but also perceived foreign student overweight. The four times (16 per cent) fall in NTM [next 12-month] AFFO multiple has erased its long-standing premium to BEI/CAR. Looking forward, we expect accelerating year-over-year FFOPU growth should at least stabilize its relative AFFO multiple. Indeed, we think InterRent's excess FFOPU growth (negative 3.5 per cent vs. peers in Q1) starts in Q2/24 and averages 9 per cent through 2024 and 5 per cent in 2025. We do see decelerated growth in 2025. ... InterRent has the lowest apartment PEG (1.4 vs. 2.2 peer avg), in part on lower debt refi headwind. We think the damage is overdone and we are buyers sub-$13/unit."