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Mack-Cali Realty Corporation (CLI)

Stock Price: $15.50 USD 0.54 (3.61%)
Updated Feb 24, 2021 4:00 PM EST - Market closed
Market Cap 1.38B
Revenue (ttm) 186.70M
Net Income (ttm) -171.67M
Shares Out 90.67M
EPS (ttm) -2.01
PE Ratio n/a
Forward PE n/a
Dividend $0.60
Dividend Yield 3.87%
Trading Day February 24
Last Price $15.50
Previous Close $14.96
Change ($) 0.54
Change (%) 3.61%
Day's Open 15.08
Day's Range 15.01 - 15.51
Day's Volume 829,691
52-Week Range 10.35 - 21.86

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Zacks Investment Research - 1 month ago

Despite Mack-Cali's (CLI) efforts to enhance the residential portfolio and strengthen financial position with sales and refinancing, pandemic-led residential occupancy declines is concerning.

PRNewsWire - 1 month ago

JERSEY CITY, N.J., Jan. 6, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces a trio of transactions across its residential portfolio, including the sale of its inte...

Seeking Alpha - 2 months ago

CLI is a diversified REIT with office/residential segments that is trading ~40-60% NAV. The board of directors was recently refreshed after a proxy fight with Bow Street LLC.

Seeking Alpha - 2 months ago

High leverage and the upcoming debt repayments pose risks. The work-from-home culture is likely to impact CLI's tenants in the finance and accounting industries the most.

Zacks Investment Research - 2 months ago

Mack-Cali's (CLI) latest sale of the office property, 581 Main Street, for $61 million is in line with its plans to shed the company's suburban office portfolio and focus on Harborside reposit...

Zacks Investment Research - 2 months ago

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

PRNewsWire - 2 months ago

JERSEY CITY, N.J., Dec. 3, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced the disposition of 581 Main Street, a 203,335-square-foot office building in Woodbridge...

Zacks Investment Research - 3 months ago

Mack-Cali's (CLI) sale of office property, 7 Campus Drive, for $12.75 million, brings its year-to-date suburban office dispositions to $270.35 million.

PRNewsWire - 3 months ago

JERSEY CITY, N.J., Nov. 23, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today announced the disposition of 7 Campus Drive, a 154,820-square-foot office building in Parsippany,...

Seeking Alpha - 3 months ago

Mack-Cali Realty Corp (CLI) CEO MaryAnne Gilmartin on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

While Mack-Cali's (CLI) Q3 results witness a rise in same-store cash NOI for its office portfolio, muted leasing activity in the office and multi-family segments is a headwind for the company.

Zacks Investment Research - 3 months ago

Mack-Cali (CLI) delivered FFO and revenue surprises of 3.45% and -34.37%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 3 months ago

JERSEY CITY, N.J., Nov. 4, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the quarter ended September 30, 2020. THIRD QUARTER 2020 HIGHLIGHTS Net ...

PRNewsWire - 4 months ago

JERSEY CITY, N.J., Oct. 15, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced that it will release its third quarter 2020 earnings results after the market close on...

PRNewsWire - 4 months ago

JERSEY CITY, N.J., Oct. 12, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced the hiring of a new team of internal and external professionals to execute the reposit...

Zacks Investment Research - 4 months ago

Mack-Cali suspends dividend payment for the third and fourth quarters to preserve liquidity during these uncertain times. Advancing on property disposals, it has completed sale of nearly $215 ...

PRNewsWire - 4 months ago

JERSEY CITY, N.J., Sept. 30, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) announced today that it will be suspending its common dividend for the third and fourth quarters of 2...

Zacks Investment Research - 5 months ago

The sale of the 10-building commercial portfolio comes as part of Mack-Cali's (CLI) efforts to dispose of suburban non-core office properties and refocus on Hudson County Waterfront portfolio ...

PRNewsWire - 5 months ago

JERSEY CITY, N.J., Sept. 14, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) announced today that it will be participating in the virtual 2020 Bank of America Global Real Estate ...

Zacks Investment Research - 5 months ago

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

PRNewsWire - 5 months ago

WEEHAWKEN, N.J., Aug. 26, 2020 /PRNewswire/ -- Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corporation (NYSE: CLI), today announced that acclaimed Chef Marcus Samuelsson has b...

Zacks Investment Research - 6 months ago

Is Mack-Cali Realty (CLI) a great pick from the value investor's perspective right now? Read on to know more.

Zacks Investment Research - 6 months ago

Mack-Cali's (CLI) Q2 results reflect fall in leasing activity in its office portfolio. The company, however, sees substantial rent collections for July.

Seeking Alpha - 6 months ago

Mack-Cali Realty Corporation (CLI) CEO MaryAnne Gilmartin on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 6 months ago

Mack-Cali (CLI) delivered FFO and revenue surprises of -9.68% and -38.83%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Market Watch - 6 months ago

Mack-Cali Realty Corp. CLI, +1.05% reported Monday adjusted funds from operations that missed expectations has revenue surprisingly fell, as the real estate investment trust has experienced ch...

PRNewsWire - 6 months ago

JERSEY CITY, N.J., Aug. 3, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the second quarter 2020.

Seeking Alpha - 6 months ago

The big question about the economy is how much unemployment is cyclical or structural.

Other stocks mentioned: BXP, QQQ, SLG, SPY
Seeking Alpha - 6 months ago

Mack-Cali: Overlevered Hedge Fund Target Is A REIT To Avoid

PRNewsWire - 7 months ago

JERSEY CITY, N.J., July 24, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced that it will release its second quarter 2020 earnings results before market open on Mo...

Market Watch - 7 months ago

Shares of real estate investment trusts (REITs) focused on business office properties were hit hard Monday, after Deutsche Bank analyst Derek Johnston downgraded some, and cut price targets al...

Other stocks mentioned: BXP, KRC, SLG, VNO, XLRE
Zacks Investment Research - 7 months ago

CLI vs. WELL: Which Stock Is the Better Value Option?

Other stocks mentioned: WELL
PRNewsWire - 7 months ago

JERSEY CITY, N.J., July 1, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced that its Board of Directors has declared a cash dividend of $0.20 per common share (ind...

PRNewsWire - 7 months ago

JERSEY CITY, N.J., June 30, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced that the Company has rescheduled its 2020 Annual Meeting of Stockholders for Wednesday...

PRNewsWire - 8 months ago

JERSEY CITY, N.J., June 10, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced that, in connection with ongoing discussions with Bow S...

PRNewsWire - 8 months ago

JERSEY CITY, N.J., June 5, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced that based on the guidance of shareholders, the Company ...

Zacks Investment Research - 8 months ago

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

PRNewsWire - 8 months ago

JERSEY CITY, N.J., May 29, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today issued the following statement in response to the reports issued b...

PRNewsWire - 8 months ago

JERSEY CITY, N.J., May 26, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") announced today that, due to the public health concerns associated with ...

PRNewsWire - 9 months ago

JERSEY CITY, N.J., May 18, 2020 /PRNewswire/ -- Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corporation (NYSE: CLI), today announced its rebranding of the Jersey City luxury r...

PRNewsWire - 9 months ago

JERSEY CITY, N.J., May 18, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced that it has mailed a letter to shareholders to address t...

Zacks Investment Research - 9 months ago

Mack-Cali (CLI) registers same-store cash NOI growth in Q1 but withdraws current-year outlook on the coronavirus crisis.

Seeking Alpha - 9 months ago

Mack-Cali Realty Corp (CLI) CEO Michael DeMarco on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 10 months ago

Though Mack-Cali's (CLI) collection of a large part of rental receipts for April is encouraging, the coronavirus pandemic-related uncertainties remain a concern for future demand and rent paym...

Zacks Investment Research - 10 months ago

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

Zacks Investment Research - 11 months ago

Mack-Cali Realty Corporation (CLI) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

Seeking Alpha - 11 months ago

Mack-Cali Realty Corporation (CLI) CEO Michael DeMarco on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 11 months ago

Mack-Cali's (CLI) Q4 results include an increase in same-store NOI & rental roll up on a cash basis for the company's office portfolio.

Zacks Investment Research - 1 year ago

Mack-Cali Realty's (CLI) capital redeployment efforts will strengthen its multi-residential and waterfront Class-A office portfolios. Yet, large-scale dispositions are a concern for the company.

Zacks Investment Research - 1 year ago

As part of its decision to offload the entire sub-urban office portfolio, Mack-Cali Realty (CLI) will sell two sub-urban office portfolios, totaling 2.4 million square feet of space, for $288....

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... [Read more...]

Industry
REIT-Office
IPO Date
Aug 24, 1994
CEO
MaryAnne Gilmartin
Employees
283
Stock Exchange
NYSE
Ticker Symbol
CLI
Full Company Profile

Financial Performance

In 2019, CLI's revenue was $350.94 million, a decrease of -4.04% compared to the previous year's $365.71 million. Earnings were $111.86 million, an increase of 32.99%.

Financial Statements

Analyst Forecasts

According to 7 analysts, the average rating for CLI stock is "Hold." The 12-month stock price forecast is 16.14, which is an increase of 4.13% from the latest price.

Price Target
$16.14
(4.13% upside)
Analyst Consensus: Hold