Although stocks ended higher on Tuesday, Cramer recommended investors still have some protection against the downside. Home gamers should look for dividend-paying stocks with a high-yield, like real estate investment trusts.
"It’s important to remember that not all REITs are created equal," Cramer noted. "Different REITs own different kinds of properties."
Brandywine Properties , for example, owns predominantly suburban office space. Being as the deamand for offices hasn't been as strong as other kinds of commercial real estate, Cramer said Brandywine sells at a discount to other REITs. Brandywine ended 2010 with an 85.6 percent occupancy rate. To obtain pricing power, Cramer said Brandywine will need to raise the occupancy rate to 90 percent.
The Radnor, Pa.-based company gets 75 percent of its rent from Pennsylvania and Washington, D.C., but also operates in California, Delaware, New Jersey, Texas and Virginia. In many of these markets, Cramer said Brandywine is taking share.
When Brandywine released earnings last month, it reported a better-than-expected quarter and raised 2011 guidance. With the office market improving, Cramer likes where Brandywine is going and thinks it's a good time to buy shares. He doesn't think the market appreciates the progress Brandywine has made, or how an economic expansion could fill vacant office space at high prices. To get a better sense of this story moving forward, he spoke with Brandywine CEO Jerry Sweeney. Check out the video to see the full interview.
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