Jim Cramer on Simon Property (SPG) and Federal Realty (FRT): “Both of Them Are Excellent”

During the September 8 episode of Mad Money, a caller inquired if they should buy Simon Property Group, Inc. (NYSE:SPG), and here's what Jim Cramer had to say: Oh my god, Simon Property's 4.25% yield. It is so great. I'll give you two: I also like Federal Realty. Both of them are excellent. Federal Realty is shopping centers.Eli Lilly's (LLY) GLP-1 Growth Made It a Core "Running Back" Stock for Jim Cramer Simon Property's Mall Growth As per Simon Property Group, Inc.'s (NYSE:SPG) second-quarter results, real estate funds from operations (FFO) per share rose 7.9% year over year, while U.S. malls and Premium Outlets were 96% occupied as of June 30. Retailer sales per square foot increased 13.9% to $838 over the trailing 12 months.