The Globe and Mail reports in its Friday, Nov. 7, edition that RBC Capital Markets analyst Pammi Bir continues to rate Boardwalk REIT "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Bir gave his unit target a $6 trim to $82. Analysts on average target the units at $82.95. Mr. Bir says in a note: "We remain constructive on Boardwalk REIT but lower our target in the context of weak sentiment on the broader apartment sector. Boardwalk's FFO growth this year is sector leading and while it should decelerate next year, we do not see any alarming signs to justify current discounted valuation. Indeed, tone of the call was quite bullish. Occupancy is holding well, incentive levels have trended down and blended lease spreads have been tracking at 3 per cent lately. Moreover, we are positive on its asset recycling strategy which is proving out to be additive both financially and qualitatively." " The Globe reported on April 15 and July 11 that National Bank analyst Matt Kornack rated Boardwalk "sector perform." The units could then be had for $61.77 and $71.02. The Globe reported on Aug. 1 that Desjardins Securities analyst Lorne Kalmar rated Boardwalk "outperform." It was then worth $71.40.