- PR Newswire•5 days ago
JERSEY CITY, N.J., Feb. 16, 2017 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced that it will release its fourth quarter 2016 earnings results after the market close on Tuesday, ...
- Zacks•6 days ago
Mack-Cali Realty (CLI) revealed solid progress on its portfolio transforming plan by focusing on waterfront and transit-based office holdings and luxury multi-family assets.
- PR Newswire•7 days ago
JERSEY CITY, N.J., Feb. 14, 2017 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) today announced its 2016 and year-to-date 2017 capital markets results. The Company disposed of 36 non-strategic and underperforming commercial office assets totaling approximately five million square feet, and a 220-unit multi-family community, realizing gross proceeds of approximately $745 million, exceeding our guidance, with a weighted average cap rate of approximately 5.5 percent. In the same time period, Mack-Cali redeployed more than $500 million in capital to acquire properties that fit the Company's strategic plan for growth. For the fourth quarter 2016 and year-to-date 2017 office dispositions totaled $280 million. The Company completed the strategic exit out of the DC Metro area with the seven-building portfolio sale in Greenbelt, Maryland, as well as the exit out of multiple Central New Jersey office sub-markets including Freehold, Roseland, and Cranford. Additionally, included in the $280 million, the Company sold subordinated/ minority interests in numerous office assets held with Keystone Property Group throughout the Tri-State area.
CLI : Summary for Mack-Cali Realty Corporation - Yahoo Finance
Mack-Cali Realty Corporation (CLI)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||27.94 - 28.34|
|52 Week Range||18.63 - 29.47|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||36.16|
|Dividend & Yield||0.60 (2.12%)|
|1y Target Est||N/A|