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Jim Cramer Says Watch REITs to Understand the Consumer Economy

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Jim Cramer recently took to Real Money to explain the challenge of getting a gauge of the economy given so many mixed signs, but when looking at real estate trusts related to shopping, one can take away that the consumer environment is only growing stronger. 

"In the last few days all of the major real estate trusts involving shopping have reported and I can tell you, unequivocally that those companies with a ton on the line, ones that have to make longer-term commitments, are simply going pedal to the metal in sign-ups. It's one of the best environments in history," Cramer wrote. 

Cramer told Action Action Alerts PLUS senior analyst Jeff Marks that looking at Kimco  (KIM) - Get Free Report, Federal Realty  (FRT) - Get Free Report, Simon Properties  (SPG) - Get Free Report and Tanger Factory Outlets  (SKT) - Get Free Report have left him feeling pretty bullish. 

"You don't sign up for a 3-month period, you sign up for a couple of years. It shows me the level of optimism that people feel at these major companies is extraordinary. And that's a great reason to own stocks," Cramer said.

Recap TheStreet Live: Everything Jim Cramer Is Watching 8/5/21

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