The Globe and Mail reports in its Wednesday, July 31, edition that National Bank Financial analyst Matt Kornack rates Northview Residential REIT "sector perform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kornack set a unit target of $18.50, a buck ahead of the consensus. The Globe says Mr. Kornack thinks Northview Residential's current structure "uniquely positions it as a higher income-oriented vehicle that offers commercial REIT-like yield versus its more expensive Canadian multi-residential peers." Mr. Kornack says in a note: "Valuation is interesting in the context of attractive CMHC-insured financing. Given the REIT's comparatively higher implied cap rate it provides a spread to cost of financing that is unobtainable for the broader apartment universe. ... Apartment fundamentals remain strong with a long runway to a re-establishment of an equilibrium of supply and demand, particularly of affordable rental product. This has even been seen (albeit to varying degrees) in some secondary/tertiary markets that Northview operates in, translating into solid organic revenue and NOI growth. ... Leverage is on the high side, as is variable-rate debt exposure."