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%.

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