Take Liberty With This Stock

Cramer on Wednesday called attention to Liberty Property Trust.

A real estate investment trust , it focuses on office and industrial properties along the East Coast and in various U.S. markets, including Chicago and Phoenix. When the housing bubble burst and the Great Recession set in, Liberty saw its business slow down. To conserve cash, it was forced to slash its dividend by 24 percent in the fourth quarter of 2008. The stock bottomed at $12.93 in Nov. 2008.

As the Federal Reserve worked to free up credit, Liberty sold $300 million worth of stock in early 2009. Since then, the stock has been trending higher and boasts a 5.6 percent dividend yield.

On Tuesday, Liberty reported quarterly earnings results that show continued improvement. Liberty reported funds from operations at 65 cents, which is a penny short of Wall Street's expectations. Its occupancy rate is at 88.7 percent, meaning the company leased 2.7 million square feet of space for the highest quarterly volume in its history. On the conference call, Cramer thought the company's executives sounded rather bullish.

To learn more about what's in store for this REIT, Cramer spoke with Bill Hankowsky, chairman and CEO of Liberty Property Trust. Watch the video to see the full conversation.

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