W. P. Carey's Surging AFFO Masks a Broader Concern for REITs Scotiabank has upgraded its price recommendation on W. P. Carey Inc. (NYSE:WPC) to $79 from $73, affirming its Sector Perform rating.
The analyst's note highlights the strong Q1 earnings across the industry, marked by higher Adjusted Funds From Operations (AFFO) and increased investment guidance. W. P. Carey Inc.
, with 1,703 properties spanning approximately 185 million square feet, is one of the largest players in the net lease real estate investment trust sector.