The Globe and Mail reports in its Wednesday, Nov. 6, edition that Canaccord Genuity analyst Mark Rothschild, touting an "attractive" valuation, upgraded InterRent REIT to "buy" from "hold." The Globe's David Leeder writes that Mr. Rothschild cut his unit target back by a loonie to $13. Analysts on average target the units at $14.75. Mr. Rothschild says in a note: "The unit price has been under pressure and has declined 12 per cent since the REIT reported Q2/24 results in August, 2024. Though fundamentals are likely to be less robust over the next year, particularly as the rate of immigration declines, the REIT should continue to achieve healthy organic growth and the long-term fundamental outlook for affordable rental apartment properties is healthy, in our view. Reflecting a more attractive valuation, we are upgrading InterRent." The Globe reported on May 11, 2023, that Mr. Rothschild had raised his recommendation for InterRent REIT to "buy" from "hold." The units could then be had for $13.54. The Globe reported on May 16, 2024, that Scotia Capital rated InterRent "sector outperform." It was then worth $12.38. The Globe reported on Oct. 10 that National Bank rated InterRent "outperform." It was then worth $12.01.