Shares of Simon Property Group, Inc. (SPG) - Get Report have been under immense pressure over the past year, falling almost 30%. Well, on Tuesday, the REIT is getting some reprieve as it climbs 2% after beating on earnings per share and revenue expectations.

This company is "such a great operator," TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said on CNBC's "Stop Trading" segment.

Funds from operations came in at $2.83 per share, while revenue grew 3% year-over-year to $1.36 billion. SPG also raised its quarterly dividend 2.9% to $1.80 per share. It now yields 4.55%.

The story driving shares lower over the past year is a popular one: That e-commerce, and Amazon.com, Inc. (AMZN) - Get Report specifically, is killing the mall. While Amazon is certainly wreaking havoc, it's not crushing the REITs and retailers as fast as everyone seems to think. The mall is not yet dead and neither is the shopping center, Cramer reasoned.

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These were "unbelievable results" from a "remarkable company," he added, concluding that "I think this stock has bottomed."

Cramer's comments come one day after he told investors it would be a "big mistake" to bet against Costco Wholesale (COST) - Get Report , as it may be a leader in the retail bottom as well.

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At the time of publication, Cramer's Action Alerts PLUS had no position in any companies mentioned.