A Retail REIT Worth Buying?
The retail REIT market might end up very similar to the banks, Cramer said Thursday. Those firms struggling to find cash go under, while their stronger peers scoop up their assets at a discount. Just look at the General Growth Properties, now in bankruptcy.
Who’s on the flipside? Federal Realty Investment Trust. The trust, which owns 18.1 million square feet of property across the Northeast, mid-Atlantic and California and offers a nice 4.6% dividend yield, just reported a great quarter. And with April retail same-store sales numbers up just over 1%, Cramer thinks this stock could be a buy.
But to find out for sure, he went straight to the CEO, Don Wood. Watch the video for the full interview.
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