DCT® Featured in TheStreet: DCT Industrial Trust: Cramer’s Top Takeaways
DCT Industrial Trust: Cramer’s Top Takeaways
Did you miss “Mad Money” on CNBC? If so, here are some of Jim Cramer’s top takeaways.
In an “Executive Decision” segment, Cramer sat down with Phil Hawkins, president and CEO of DCT Industrial Trust (DCT – Get Report) , the REIT with shares that are up 28% since Cramer last checked in 11 months ago and which currently yield 2.4%.
Hawkins said that his company just had another great quarter and is seeing 98% occupancy as the need for more ecommerce distribution centers continues. In today’s world, customers want their items now, he said, which makes owning warehouses a different business than it was 10 years ago.
Hawkins explained that in the past, they would buy a field along an interstate to build a new distribution center, but today, they need to be located where the people are, close to population centers, and that means repurposing existing sites and doing whatever it takes to solve problems.
When asked about the rise of automation, Hawkins said that while automation is important for productivity, there’s still a shortage of qualified labor to get the job done given the growth the industry is seeing.
On Real Money, Cramer wonders what this market would be like if Europe wasn’t soft pretty much every day now. Get more on his insights with a free trial subscription to Real Money.
Cramer and the AAP team take a close look at the annual General Electric (GE – Get Report) investor update. Find out what they’re telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
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To read a full recap of this episode of “Mad Money,” click here.
To watch replays of Cramer’s video segments, visit the Mad Money page on CNBC.Back to all stories