Kimco, like most REITs, is constantly working to upgrade its portfolio of properties. He said the company is always looking to sell properties in secondary markets or those with low-quality tenants and purchase better properties with higher-paying tenants. When asked about the grocery sector, a segment that's been under pressure by Whole Foods ( WFM) and others, Henry said Kimco is concerned about the group, which operates under razor thin margins. He said that Kimco always takes a hard look at its grocery store anchors. Cramer remained bullish on Kimco, saying it offers both growth and dividends.
Are You Diversified?
In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets. The first portfolio included: Exxon Mobil ( XOM), Sprint ( S), UnitedHealth Group ( UNH), Wal-Mart ( WMT) and Walt Disney ( DIS). Cramer said this portfolio was "perfection." The second portfolio's top holdings included: Visa ( V), ITC ( ITC), Enterprise Product Partners ( EDP), Lockheed Martin ( LMT) and American International Group ( AIG). Cramer said this portfolio was also properly diversified. The third portfolio had: SPDT Gold Shares ( GLD), Boeing ( BA), Ebay ( EBAY), Devon ( DVN) and Abbott Labs ( ABT) as its top five stocks. Cramer was also bullish on this portfolio, saying that it, too, was perfectly diversified.
In his closing comments, Cramer said both Starbucks ( SBUX) and Priceline.com ( PCLN) posted blowout earnings that will have a positive effect on the markets Friday. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. -- 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