When asked about his company's valuation, Moghadam said that his goal is to achieve 30% leverage, down from the current 42% level. He said that net asset value for Prologis is about $35 to $38 a share, but given the company's size it should have a premium valuation. Moghadam also noted that industrial rents are 25% below their 200 peaks, leaving lots of room for growth.
Cramer agreed, saying that Prologis is a real grower with a great dividend yield.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer said he'd be a buyer of B&G Foods' (BGS) coming secondary 3.65 million-share offering of stock.
Cramer said he remains a fan of B&G, the company that buys and revitalizes neglected food brands including Cream of Wheat and Ortega Mexican foods, among dozens of others.He said B&G's winning strategy of using its credit lines to make the acquisitions, then following with the equity offerings to reduce debt, has made shareholders money time and time again. Shares are up from a low of $2 to over $31 a share now. --Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.