01:12 PM EDT, 05/20/2025 (MT Newswires) -- InterRent REIT's first-quarter operating and financial results were in line with expectations however, the release was not accompanied by other news that BMO believe some investors were anticipating.

According to analyst Michael Markidis, the REIT continues to demonstrate intrinsic value by selling assets at pricing consistent with IFRS (BVPU is $16.40) and repurchasing units at a substantial discount.

Increasing target to $12.50 (from $11.50). Reiterate Outperform rating.

Price: 12.05, Change: +0.41, Percent Change: +3.52