Jim Cramer Calls Kimco Realty “Very Defensive”

Kimco Realty Corporation (NYSE:KIM) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer highlighted the types of properties the firm owns, as he said:

Kimco clocks in next, and now we’re talking about a REIT that owns actual strip malls as well as some mixed-use properties. Yields 4%. Very defensive.

Photo by Adam Nowakowski on Unsplash

Kimco Realty Corporation (NYSE:KIM) is a real estate investment trust that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties that are focused on retail. Cramer highlighted the company’s dividend during the November 24, 2025, episode, as he remarked:

Last week, I spotlighted a trio of high-quality companies with dividend yields north of 5% because look, it’s a tricky environment. You can do a lot worse than owning stocks that can consistently generate that kind of income. Even though the market roared today, I still like the idea of dividend protection here, it’s not always going to be as great… [as] today, which brings me to Kimco Realty, this shopping center real estate investment trust with a 5.1% yield. Late last month, Kimco reported a nicely better-than-expected quarter, raised its full-year funds from operations forecast. That’s the REIT equivalent of earnings. However, the stock’s been drifting lower ever since to the point where it’s now down nearly 13% for the year.

It is important to note that since Cramer made the above comment, the stock’s price has been up by over 24%.

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