Mad Money Mailbag: The Right REIT

Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EDT on CNBC.

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I've been looking at Mills(MLS Quote). What is your opinion of this REIT?

-- Galen from Texas

James J. Cramer: My favorite REIT (real estate investment trust) these days in Federal Realty Trust(FRT Quote), which also operates shopping centers. Its yield is only half of what Mills offers, but I believe the underlying stock will perform better over the next year.

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Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.