Analyst John Kim from BMO Capital maintained a Buy rating on W. P. Carey Inc. and increased the price target to $78.00 from $70.00.
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John Kim has given his Buy rating due to a combination of factors that highlight W. P. Carey Inc.’s strong performance and strategic initiatives. The company exceeded expectations in the third quarter of 2025, with its AFFOps surpassing market predictions, leading to an upward revision of its full-year guidance. This positive outlook is supported by significant investments totaling $1.6 billion year-to-date, with a target of $1.95 billion for the year, indicating robust growth prospects.
Moreover, W. P. Carey Inc. has demonstrated effective capital management through capital recycling and strategic asset sales, which are expected to fund future investments. Despite a slight decline in occupancy rates, the company has shown resilience with an impressive rent recapture rate and a notable increase in quarterly dividends. These factors collectively underpin John Kim’s confidence in the company’s ability to deliver strong returns, justifying the Buy rating.