Jim Cramer Called Simon Property a “Fabulous” Company

Simon Property Group, Inc. (NYSE:SPG) is one of the stocks Jim Cramer offered insights on. A club member asked whether looming interest rate cuts make it a good time to balance an aggressive portfolio by investing in Realty Income or Simon Property Group. Cramer remarked:

“Alright, there you go. Right there. Amazon, boom, boom, boom. Rate cuts looming… Simon Property and [Realty], I don’t really care what, what, these are both fabulous companies, and this, you get a monthly dividend. And this thing has just been a rocket ship… But I really, really like, oh, there you go. I really like both of them, and I think that you’re going to be in great shape.”

A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels

Simon Property Group, Inc. (NYSE:SPG) is a real estate investment trust that owns, develops, and manages shopping, dining, entertainment, and mixed-use destinations. During an April episode, when a caller asked about tariff impact on the company, Cramer responded:

“Well, they have some exposure because they have some retail. But you know what, I’ve gotta tell you, they are a terrific company. Got a 5.7% yield. I think Simon Property should be bought and bought right here.”

Since the above comment, the company stock has gained nearly 23%.

While we acknowledge the risk and potential of SPG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SPG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.