The Globe and Mail reports in its Wednesday, Aug. 13, edition that Scotia Capital analyst Mario Saric has reaffirmed his "sector outperform" ran king for Killam Apartment REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Saric gave his unit target a 25-cent trim to $20.50. Analysts on average target the units at $21.74. Mr. Saric says in a note: "Killam initially responded absolutely and relatively quite well to the IIP privatization news but has since given back both absolute and relative gains, mostly on broader weakening apartment sentiment, in our view. While there were some positives and negatives during Q2 and Canadian apartment sentiment seems to have stalled, our intact SO rating is grounded in the following: 1) we think Killam ranks No. 1 on Canadian apartment blended rent growth and new lease spreads, 2) Killam still offers a good avg. PEG ratio at a relatively good apartment balance sheet, 3) Killam still looks discounted vs. pre-COVID valuation despite most other KPIs looking better and 4) to the extent the Canadian economy weakens materially, we think Killam offers the best apartment REIT defence in our universe (i.e., Atlantic Canada posted positive July job growth last Friday."