These four apartment REITs could be good opportunities for investors to cash in on skyrocketing rent prices, Jim Cramer says

CNBC’s Jim Cramer on Tuesday offered a list of apartment real estate investment trusts whose stock investors should consider buying to take advantage of soaring rent prices.

“Since higher rents are only good news for landlords, why not just buy a landlord, or at least a piece of a publicly traded landlord? Don’t just be a renter, be a rentier via one of the apartment real estate investment trusts,” the “Mad Money” host said.

“With rents skyrocketing all across America, and with an uncertain housing crisis because of mortgage rates, you might want to own one of the best apartment REITs,” he later added.

Median one-bedroom prices in March were up around 12% year-over-year while two-bedroom prices increased around 14% year-over-year, according to the Zumper National Rent Report.

Cramer started with the 17 names in the FTSE NAREIT Equity Apartment Index before narrowing the list down to the 10 largest REITs. He then evaluated each name by comparing their numbers for each category:

• Same-store net operating income growth
• Projected revenue growth
• Projected funds from operations
• Valuation
• Dividend yields

Using this criteria, Cramer came up with four winners that investors should keep their eyes on.

Here are the top four apartment REITs:

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