The Globe and Mail reports in its Tuesday, Jan. 30, edition that National Bank Financial analyst Matt Kornack sees Canadian real estate equity investors continuing to be "at the whim of macro trends and volatility in bond yields" in 2024. The Globe's David Leeder writes that Mr. Kornack continues to rate H & R REIT "sector perform." Mr. Kornack boosted his unit target by 50 cents to $10.50. Analysts on average target the units at $11.13. Mr. Kornack says in a note: "Within the diversified group, H & R remains our top focus idea, driven by earnings growth exposure to multi-family assets in U.S. markets and industrial development lease-up around the GTA combined with a better balance sheet and limited office maturities. Recent transaction activity was a plus as the REIT disposed of an office property at an attractive cap rate relative to our expectations. While we think H & R should trade at a narrower discount, it may take more time than originally expected to close this gap as the bulk of additional asset sales are on hold until market participants better understand the return environment." The Globe reported on Nov. 17 that Mr. Kornack rated H & R "sector perform." It was then worth $9.12.