The Globe and Mail reports in its Wednesday edition that National Bank Financial analyst Matt Kornack has reaffirmed his "sector perform" recommendation for Northview Residential REIT. The Globe's David Leeder writes that Mr. Kornack gave his unit target a $1.50 boost to $17.50. Analysts on average target the units at $16.75. Mr. Kornack says in a note: "A recent property tour of Northview's assets in Iqaluit highlighted its unique and defensive portfolio positioning. ... While we went into Northview's Iqaluit property tour knowing that the market and offering were unique, the visit reinforced this view and highlighted some positive attributes this portfolio brings to the REIT from a defensiveness standpoint. Northview has a dominant position in a market with high barriers to entry while providing a significant amount of income with steady growth prospects and materially higher cap rates (vs. IFRS values). Replicating their position, which is relatively youthful with regards to property age, would cost significantly more to build in today's inflationary environment. All-in-all we came away with a better understanding of the REIT's northern exposure and a view that this is additive to the investment opportunity."