BofA Raises W. P. Carey (WPC) Price Target as Net Lease Investment Activity Remains Strong

W. P. Carey Inc. (NYSE:WPC) is included among the 14 Best Real Estate Stocks to Buy According to Hedge Funds.

On February 17, BofA raised its terms proposal connected W. P. Carey Inc. (NYSE:WPC) to $72 from $63. It reiterated an Underperform standing connected the stock. The expert said the steadfast had updated its terms targets crossed the triple-net REIT assemblage pursuing fourth-quarter results. The steadfast noted that acquisition enactment remained beardown successful Q4, portion astir nett lease REITs were inactive targeting concern spreads successful the 100–150 ground constituent range. It besides pointed retired that higher concern enactment could make imaginable upside to existent guidance.

Speaking during the company’s Q3 2025 net call, President and CEO Jason Fox said 2025 had been an exceptional twelvemonth for W. P. Carey, driven by accordant execution crossed its platform. He noted that the institution delivered coagulated fiscal results and strengthened its presumption for semipermanent growth. Fox highlighted respective milestones, including 5.7% maturation successful AFFO, grounds concern activity, industry-leading rent growth, and a full shareholder instrumentality of 25%. He added that the institution was well-positioned to transportation that momentum into 2026, supported by a beardown pipeline of deals, continued entree to favorable capital, expected rent increases, and unchangeable tenant recognition quality.

Fox besides said the institution completed a grounds $2.1 cardinal successful investments during the year. These deals came with a weighted mean archetypal currency headdress complaint of 7.6% and an mean output somewhat supra 9%, with lease presumption averaging 17 years. He noted that concern and warehouse properties made up the bulk of activity, accounting for 68% of full investments, portion retail represented 22%. Geographically, helium said 26% of investments were made successful Europe, with the remaining 74% focused connected North America.

He besides pointed to the company’s $322 cardinal concern successful Life Time Fitness properties, which became its third-largest tenant based connected yearly basal rent. In addition, Fox said W. P. Carey had officially launched its Carey Tenant Solutions platform. He explained that the level had already completed $50 cardinal successful projects, with different $290 cardinal underway, and was expected to play a larger relation successful aboriginal maturation done build-to-suit developments, expansions, and redevelopment opportunities.

W. P. Carey Inc. (NYSE:WPC) operates arsenic a nett lease existent property concern trust, owning a diversified portfolio of commercialized properties. Its portfolio includes 1,662 nett lease properties spanning astir 183 cardinal quadrate feet.