The Globe and Mail reports in its Thursday edition that Desjardins's Kyle Stanley commenced coverage on GO Residential REIT with a "buy" ranking and $15 unit target (all figures U.S.). The Globe's David Leeder writes that analysts on average target the units at $20.22. Mr. Stanley views GO's luxury high-rise apartments in New York City as a strong investment, offering a 5.5-per-cent cash yield, a self-funded model and projected growth in funds from operations per unit through 2027, all while trading at a significant discount to public and private peers. Mr. Stanley says in a note: "We expect GO's organic growth strategy, which includes (1) realizing the 10-per-cent mark-to-market opportunity; (2) a capital-light value-add program targeting a more than 30-per-cent ROI; and (3) monetizing its premium amenity offering, to drive peer-leading 8- to 9-per-cent SP revenue growth in 2026. the low-capital-intensity portfolio and solid top-line growth outlook translates into a self-funding model which, combined with long-term value upside on the back of the renovation program, offers an organic deleveraging opportunity. We believe this mitigates GO's elevated leverage profile over time -- a key risk identified by investors."