The Globe and Mail reports in its Tuesday, May 12, edition that Desjardins Securities analyst Lorne Kalmar has reaffirmed his "buy" recommendation for Chartwell Retirement REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kalmar boosted his unit target by a loonie to $27. Analysts on average target the units at $25.33. Mr. Kalmar says in a note: "Chartwell has developed a track record for exceeding Street expectations while diligently growing its portfolio and improving the asset quality. We still see meaningful earnings upside as rent growth begins to accelerate and we expect Chartwell to continue to enhance its portfolio via acquisitions and, increasingly, developments. ... The REIT is on track to complete $250-million of non-core dispositions this year, inclusive of the Waterloo asset it is selling as part of the Sifton deal closing. Management noted that the buyer pool is robust and pricing on older homes is 100 to 150bps above Class A cap rates. ... The growth in rents should translate to meaningful NOI margin expansion, and we view mid-40-per-cent margins as being very achievable in the near term." Mr. Kalmar sees "rent growth as the next leg up in this story."