W. P. Carey: Solid Growth Outlook and Strengthening Fundamentals Support Buy Rating

Analyst John Kim of BMO Capital maintained a Buy rating on W. P. Carey Inc., retaining the price target of $78.00.

John Kim has given his Buy rating due to a combination of factors, including W. P. Carey’s stronger‑than‑expected 2026 AFFO per share outlook and solid investment momentum. The company has already deployed significant capital and continues to commit to build‑to‑suit and development projects, signaling confidence in future cash flow growth and portfolio expansion.

Operationally, W. P. Carey is demonstrating improving fundamentals through rising rent recapture rates, robust industrial leasing spreads, and higher triple‑net occupancy. While leverage remains somewhat elevated and certain rent metrics have moderated, recent equity raises and a cooperative market backdrop, reflected in a strong share price performance and an attractive implied cap rate, support the risk‑reward profile underpinning the Buy recommendation.