The Globe and Mail reports in its Friday edition that National Bank analyst Matt Kornack is keeping his "outperform" call for GO Residential REIT intact. The Globe's David Leeder writes that Mr. Kornack gave his unit target a $2 trim to $13 (all figures U.S.). Analysts on average target the shares at $14.97. Mr. Kornack says in a note: "GO's inaugural (albeit still incomplete) quarter largely tracked our expectations from an operations and costs standpoint. A slight negative variance on revenue/NOI will likely correct course in Q4 as in-place occupancy converges with near full committed levels. Management noted new/renewal spreads in the mid-single digits and still sees the ability to capture MTM over the next 12 months, with additional upside on value-add activity at One East River. Nonetheless, since IPO, the market context for valuations has deteriorated with still elevated financing costs/economic concerns driving higher risk premiums/cap rates. We see material upside to NAV but some near-to-medium-term structural pressures given higher leverage and less supportive capital markets." The Globe reported on Oct. 30 that Desjardins's Kyle Stanley rated GO Residential "buy." The units could then be had for $11.35.