The Globe and Mail reports in its Tuesday, Nov. 19, edition that National Bank Financial analyst Matt Kornack has reiterated his "sector perform" recommendation for Northview Residential REIT. The Globe's David Leeder writes that Mr. Kornack trimmed his unit target to $19 from $20. Analysts on average target the units at $19. Mr. Kornack says in a note: "Northview Residential REIT put up a strong quarter operationally, particularly from the apartment portfolio (commercial tempered this a bit. Earnings were a bit light on a combination of one-time items and modest model variances (plus dilutive impact of redeemable units, for which dilution is tied to unit price performance). While the result is a slight downward revision to our FFO forecast, NAV was largely unchanged and speaks to a material trading discount and elevated implied cap rate for a residential portfolio putting up high-single-digit organic growth. Structural items remain an impediment but post quarter credit facility amendments speak to increased lender confidence and lower financing costs." The Globe reported on July 31 that Mr. Kornack rated Northview Residential REIT "sector perform" in new coverage. The units could then be had for $16.58.