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With the Federal Reserve poised to raise interest rates, are the real estate investment trusts about to fall out of favor? Cramer sat down with Hamid Moghadam, chairman and CEO of Prologis (PLD) , which specializes in warehouse space, to find out.
Moghadam said that Prologis is more than just a REIT, it's a global company that helps its customers reach their customers.
In a recent report, Prologis proclaimed that ecommerce needs three times the amount of warehouse space it currently occupies. Moghadam said if you believe ecommerce will continue to grow, so will his company. In many international markets, countries are even skipping retail and going directly to an ecommerce model.
Moghadam then expanded on the concept of "last mile," saying that Prologis customers are looking for that "last touch" which may include them driving to a Prologis location to pick up their delivery. The last touch concept is helping Prologis to see its lowest vacancy rate in 30 years.
Meanwhile, on Real Money, Cramer says there's not a lot that would make Valeant (VRX) particularly attractive. Check out his pithy analysis with a free trial subscription to Real Money.
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