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 in the Eye On Equities column that Mr. Kornack continues to rate Killam Apartment REIT "outperform." Mr. Kornack boosted his unit target by $1.50 to $22. Analysts on average target the units at $21.29. Mr. Kornack says in a note: "We have seen a change at the top of our pecking order with Killam and Canadian Apartment Properties REIT rising for different reasons. Changing rent control dynamics in Killam's largest market will allow for it to put up similar organic growth to its Ontario-centric peers, while offering a discounted valuation on cap rate and earnings multiple. CAP REIT has pulled back on the recent move higher in rates, providing an opportunity to buy the highest embedded MTM [mark-to-market], with undervalued density prospects and the best trading liquidity. The latter makes it a flow of funds magnet when REITs are in favour." The Globe reported on Oct. 25, 2022, that Mr. Kornack rated Killam "outperform." The units could then be had for $15.78.