The Globe and Mail reports in its Wednesday, May 21, edition that Desjardins analyst Kyle Stanley is sticking with his "buy" recommendation for InterRent REIT. The Globe's David Leeder writes that Mr. Stanley advanced his unit target by $2.50 to $14. Analysts on average target the units at $12.91. Mr. Stanley thinks InterRent's recent focus on capital allocation is "paying off." Mr. Stanley says in a note: "InterRent reported in-line Q1 results, with our takeaway being one of cautious optimism as it relates to the leasing environment across InterRent's portfolio, particularly as it was the only apartment REIT to benefit from improving turnover spreads vs Q4. InterRent completed 465 new leases in Q1 (3 per cent year-over-year) at an 8.5-per-cent turnover spread vs 7.4 per cent in Q4, positioning it as the only apartment REIT to improve its new leasing spread. ... Proactive increases to marketing spend in Q1 have positioned InterRent favourably ahead of the stronger spring/summer leasing period (occupancy largely flat at 96.9 per cent). Call commentary suggests turnover spreads have stabilized, with the mid- to high-single-digit range expected through 2025 as InterRent captures the 23-per-cent mark-to-market opportunity."