Jim Cramer Considers Federal Realty’s Dividend “Safe”

Federal Realty Investment Trust (NYSE:FRT) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer called it a “terrific shopping center REIT,” as he commented:

Next is Federal Realty. You know, I’ve introduced this company to you probably, maybe 18 years ago. That’s the terrific shopping center REIT. Don Wood, the longtime CEO, has steered the company toward mixed-use and shopping centers that can be a magnet for tenants. It’s got that good 3.66% yield, which I’ll tell you is safe. It used to be higher. What happened? Well, because the stock went up 23%.

Stock market data. Photo by Photo by Alesia Kozik

Federal Realty Investment Trust (NYSE:FRT) owns, operates, and redevelops retail-based properties and mixed-use destinations, managing a portfolio of open-air shopping centers and residential units.

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