Mack-Cali Realty Corporation (CLI)
| 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 |
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.
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...
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.
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.
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...
Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock?
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...
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.
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,...
Mack-Cali Realty Corp (CLI) CEO MaryAnne Gilmartin on Q3 2020 Results - Earnings Call Transcript
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.
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?
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 ...
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...
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...
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 ...
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...
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 ...
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 ...
Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock?
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...
Is Mack-Cali Realty (CLI) a great pick from the value investor's perspective right now? Read on to know more.
Mack-Cali's (CLI) Q2 results reflect fall in leasing activity in its office portfolio. The company, however, sees substantial rent collections for July.
Mack-Cali Realty Corporation (CLI) CEO MaryAnne Gilmartin on Q2 2020 Results - Earnings Call Transcript
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?
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...
JERSEY CITY, N.J., Aug. 3, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the second quarter 2020.
The big question about the economy is how much unemployment is cyclical or structural.
Mack-Cali: Overlevered Hedge Fund Target Is A REIT To Avoid
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...
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...
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...
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...
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...
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 ...
Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock?
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...
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 ...
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...
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...
Mack-Cali (CLI) registers same-store cash NOI growth in Q1 but withdraws current-year outlook on the coronavirus crisis.
Mack-Cali Realty Corp (CLI) CEO Michael DeMarco on Q1 2020 Results - Earnings Call Transcript
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...
Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock?
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.
Mack-Cali Realty Corporation (CLI) CEO Michael DeMarco on Q4 2019 Results - Earnings Call Transcript
Mack-Cali Realty Corporation (CLI) CEO Michael DeMarco on Q4 2019 Results - Earnings Call Transcript
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.
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.
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 |
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%.
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.