BMO Capital analyst John Kim reiterated a Buy rating on W. P. Carey Inc. today and set a price target of $78.00.
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John Kim’s rating is based on W. P. Carey Inc.’s strategic focus on industrial and warehouse properties, which now make up a significant portion of their portfolio. The company is poised for growth with plans for accretive acquisitions and internal growth rates that surpass those of its peers in the net-lease sector.
Additionally, W. P. Carey Inc. is targeting mid-single-digit growth in adjusted funds from operations per share, supported by consistent contractual same-store growth and a robust acquisition strategy. The company’s transition away from non-core assets, such as its self-storage portfolio, positions it for “clean” earnings by 2026, further justifying the Buy rating.