In a report released today, John Kim from BMO Capital upgraded W. P. Carey Inc. (WPC – Research Report) to a Buy, with a price target of $67.00.
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John Kim has given his Buy rating due to a combination of factors that highlight W. P. Carey Inc.’s promising growth trajectory and strategic positioning. The company has shown substantial improvement in its growth potential, particularly after divesting its office assets, which has boosted investor confidence. WPC’s unique strengths include leading sector performance in same-store growth and strong warehouse rent recapture rates, supported by CPI-linked leases. Additionally, WPC’s ability to raise debt at favorable rates in Europe, where yields are significantly lower, further enhances its financial flexibility.
Moreover, WPC is well-positioned for multiple expansions and offers a solid dividend yield, providing a compelling investment case. The company has resumed AFFOps growth, surpassing market expectations with its 2025 guidance. Significant investments, such as the acquisition of Dollar General stores, demonstrate its capacity to augment exposure in U.S. retail. This strategic approach, coupled with organic growth prospects and the ability to reinvest through asset sales, underscores John Kim’s positive outlook on WPC’s stock.
Kim covers the Real Estate sector, focusing on stocks such as AvalonBay, Boston Properties, and Cousins Properties. According to TipRanks, Kim has an average return of 0.8% and a 48.79% success rate on recommended stocks.
In another report released on February 12, RBC Capital also maintained a Buy rating on the stock with a $62.00 price target.