TBEN’s Jim Cramer on Wednesday offered investors a list of five real estate mutual funds they should consider adding to their portfolios.
“While most retail stocks are terrible right now… the companies that own the best retail properties are doing just fine,” he said.
Here’s his list of recommendations:
- Simon Property Group
- Federal Real Estate
- real estate income
- Tangier Factory Outlet Centers
Retailers have struggled in recent months as ongoing inflation pushed up prices for everything from groceries to gas at the pump, leaving consumers with pursed pockets and stores with excess inventory on the shelves.
At the same time, economists and investors worry that the Federal Reserve’s aggressive campaign to raise interest rates and curb inflation could plunge the economy into recession, further hurting consumer spending.
The host of “Mad Money” reminded investors that despite the hurdles retailers face, the companies acting as their landlords have outperformed even as their stock price has fallen, along with struggling store names.
“Not many chains are in danger of going under or even falling behind on their rent payments. We’re not looking at massive store closures either,” he said.
“As long as their tenants stay in business, they won’t be hit financially. To me that seems like an opportunity,” he added.