The Globe and Mail reports in its Tuesday, May 12, edition that National Bank Financial analyst Matt Kornack continues to rate Northview Residential REIT "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kornack boosted his unit target by a loonie to $19. Analysts on average target the units at $16.50. Mr. Kornack says in a note: "While NOI came in slightly below our expectations in the quarter, this was driven almost entirely by harsher winter weather conditions, with revenues tracking ahead of expectations and portfolio KPIs holding in well, particularly on the rent front. Here SPAMR growth held at 4.2 per cent (vs. 4.3 per cent in Q4/25) bucking the trend of other apartment landlords where organic rent growth has slowed. Northern Canada actually saw growth accelerate with the Western and Atlantic regions still putting up 4.5-per-cent and 6.5-per-cent AMR growth, respectively. Management also noted that leasing conditions have improved into the spring. While structural impediments (lack of liquidity in particular) make it difficult to own this name, the portfolio is performing admirably."
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