The Globe and Mail reports in its Thursday, Oct. 10, edition that National Bank Financial's Matt Kornack has reaffirmed his "outperform" recommendation for InterRent REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kornack gave his unit target a 25-cent boost to $15. Analysts on average target the units at $14.95. Mr. Kornack says in a note: "For the first time in a long time, InterRent tops our total return expectations for the apartment segment (was KMP going into Q2/24) -- this is largely on the back of lacklustre trading performance relative to what we expect to be pretty solid fundamentals and a more favourable interest rate exposure. InterRent's strategy of targeting locations with structurally higher transience positions the REIT to better capture its imbedded MTM opportunity than peers. Capital recycling has seen the REIT dispose of lower growth assets, funding accretive unit buyback activity. Financial flexibility has improved while in-place interest rates are now relatively close to prevailing five-year CMHC mortgage costs, meaning rent growth will better translate into earnings performance."