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Mack-Cali Realty Corporation (CLI)

NYSE: CLI · Delayed Price · USD
17.55
+0.24 (1.39%)
After-hours:Sep 23, 2021 6:33 PM EDT
17.31
0.66 (3.96%)
At close: Sep 23, 4:00 PM
Market Cap1.49B
Revenue (ttm)316.20M
Net Income (ttm)-41.03M
Shares Out90.95M
EPS (ttm)-0.56
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume675,768
Open16.80
Previous Close16.65
Day's Range16.71 - 17.33
52-Week Range10.35 - 18.40
Beta1.02
AnalystsHold
Price Target18.36 (+6.1%)
Est. Earnings DateNov 3, 2021

About CLI

One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout New Jersey. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, divers...

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateAug 24, 1994
Employees256
Stock ExchangeNYSE
Ticker SymbolCLI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for CLI stock is "Hold." The 12-month stock price forecast is 18.36, which is an increase of 6.07% from the latest price.

Price Target
$18.36
(6.07% upside)
Analyst Consensus: Hold

News

Why Is Mack-Cali (CLI) Down 2.1% Since Last Earnings Report?

Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock?

3 weeks ago - Zacks Investment Research

Here's Why You Should Hold Mack-Cali Realty (CLI) Stock for Now

Despite a leveraged balance sheet, Mack-Cali Realty (CLI) is likely to capitalize on the back of its solid presence in high barrier-to-entry markets and investments in waterfront properties.

1 month ago - Zacks Investment Research

Mack-Cali Realty (CLI) Q2 FFO Beat, Revenues Miss Estimates

While Mack-Cali's (CLI) Q2 results reflect improvements in same-store cash revenues and NOI in its office portfolio, declining same-store NOI in the multi-family portfolio was a deterrent.

1 month ago - Zacks Investment Research

Mack-Cali Realty (CLI) Q2 FFO Surpass Estimates

Mack-Cali (CLI) delivered FFO and revenue surprises of 25.00% and -1.91%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Mack-Cali Realty Corporation Reports Second Quarter 2021 Results

JERSEY CITY, N.J., July 28, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the second quarter 2021.

1 month ago - PRNewsWire

Mack-Cali Realty Corporation Announces Second Quarter 2021 Earnings Release Date

JERSEY CITY, N.J., July 13, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces that it will host its second quarter 2021 earnings conference call with management on Thursday, ...

2 months ago - PRNewsWire

3 Equity REIT Stocks Poised to Stay Afloat Despite Industry Hiccups

3 Equity REIT Stocks Poised to Stay Afloat Despite Industry Hiccups

Other symbols:NSAOUT
2 months ago - Zacks Investment Research

Why It Is Wise to Retain Mack-Cali Realty (CLI) Stock Now

Investments in waterfront properties and a strong presence in high barrier-to-entry markets will act as growth drivers for Mack-Cali Realty (CLI) despite a leveraged balance sheet.

2 months ago - Zacks Investment Research

Mack-Cali (CLI) Disposes Suburban Office Portfolio for $84M

Mack-Cali's (CLI) disposition of River Centre portfolio in Red Bank NJ will likely simplify the business and solidify its balance-sheet position.

3 months ago - Zacks Investment Research

Mack-Cali Appoints Victor B. MacFarlane to Board of Directors

JERSEY CITY, N.J., June 14, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) announces the appointment of Victor B.

3 months ago - PRNewsWire

Mack-Cali Sells Red Bank Office Portfolio for $84 Million

JERSEY CITY, N.J., June 14, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces the $84 million sale of River Centre, a 639,490 square foot office portfolio in Red Bank, New Je...

3 months ago - PRNewsWire

All You Need to Know About Mack-Cali (CLI) Rating Upgrade to Buy

Mack-Cali (CLI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

3 months ago - Zacks Investment Research

Mack-Cali Unveils Latest Phase of Harborside Campus Transformation Along Jersey City Waterfront

JERSEY CITY, N.J., May 10, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today unveiled the latest phase of the transformation of its Harborside campus in Jersey City.

4 months ago - PRNewsWire

Mack-Cali (CLI) Q1 FFO Tops Estimates, Revenues & NOI Dip Y/Y

While Mack-Cali's (CLI) multi-family residential portfolio sees decent leasing activity in the first quarter, the pandemic-led woes and high vacancy continue to dampen office portfolio performance.

4 months ago - Zacks Investment Research

Mack-Cali Realty (CLI) Q1 FFO Beat Estimates

Mack-Cali (CLI) delivered FFO and revenue surprises of 28.57% and -16.14%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Mack-Cali Realty Corporation Reports First Quarter 2021 Results

JERSEY CITY, N.J., May 6, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the first quarter 2021.

4 months ago - PRNewsWire

Mack-Cali Realty Corporation Announces First Quarter 2021 Earnings Release Date

JERSEY CITY, N.J., April 27, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces that it will release its first quarter 2021 earnings results after the market close on Thursday...

4 months ago - PRNewsWire

Mack-Cali Announces $255 Million Sale of Short Hills Office Portfolio Advancing Suburban Office Sales Momentum

JERSEY CITY, N.J., April 20, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces the $255 million sale of its Short Hills, New Jersey office portfolio, a four office building p...

5 months ago - PRNewsWire

The Birch Group Acquires Four-Building Portfolio in Short Hills for $255M — One of the Largest Commercial Deals in N....

SHORT HILLS, N.J.--(BUSINESS WIRE)--The Birch Group, a privately-held commercial real estate investor, owner and operator, today announced the $255-million acquisition of a prominent four-building portf...

5 months ago - Business Wire

Mack-Cali (CLI) Strides Ahead With Suburban Office Sale Plan

Mack-Cali's (CLI) latest sale of the Metropark portfolio for $254 million is in line with its plans to shed the company's suburban office portfolio and focus on Harborside repositioning.

5 months ago - Zacks Investment Research

Mack-Cali Announces $254 Million Sale of Metropark Office Portfolio, Advancing Successful Suburban Sales Strategy

JERSEY CITY, N.J., March 30, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces the sale of its Metropark portfolio, located in Edison and Iselin NJ, for $254 million to Opal ...

5 months ago - PRNewsWire

Why Is Mack-Cali (CLI) Up 6.5% Since Last Earnings Report?

Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock?

5 months ago - Zacks Investment Research

Mack-Cali (CLI) Shares Tumble With 2021 Dividend Suspension

Mack-Cali's (CLI) dividend suspension for 2021 allows greater financial flexibility and enables it to preserve capital for other strategic efforts like the Harborside campus repositioning.

6 months ago - Zacks Investment Research

Mack-Cali Realty Corporation Suspends Dividend for Remainder of 2021

JERSEY CITY, N.J., March 19, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI), announced today that it will continue to suspend its common dividend for the remainder of 2021.

6 months ago - PRNewsWire

The Past Week's Most Notable Insider Buys: Editas, Exxon Mobil, Wayfare And More

Insider buying can be an encouraging signal for potential investors, especially when markets face uncertainty. A pair of chief executives and an executive board chair were among the insiders making purc...

6 months ago - Benzinga