Jim Cramer says these 5 real estate stocks are attractive investment opportunities

CNBC’s Jim Cramer on Wednesday offered investors a list of five real estate investment trusts they should consider adding to their portfolios.

“While most retail stocks are horrible right now … the companies that own the best retail real estate are doing just fine,” he said.

Here is his list of recommendations:

1. Simon Property Group
2. Federal Realty
3. Realty Income
4. Tanger Factory Outlet Centers
5. Kimco

Retailers have struggled in recent months as persistent inflation drove up prices for everything from groceries to gas at the pump, leaving consumers with pinched wallets and stores with excess inventory on the shelves.

At the same time, economists and investors worry that the Federal Reserve’s aggressive campaign to raise interest rates and tamp down inflation could plunge the economy into a recession — which could further hurt consumer spending.

The “Mad Money” host reminded investors that despite the hurdles facing retailers, the companies who act as their landlords have fared better, even as their stock price has fallen along with struggling retail names.

“Not many chains are in danger of going under, or even falling behind on their rent payments. We’re not looking at mass store closures, either,” he said.

“As long as their tenants stay in business, they won’t take much of a hit financially. To me, that looks like an opportunity,” he added.