|Bid||15.36 x 1000|
|Ask||20.58 x 800|
|Day's Range||20.51 - 21.24|
|52 Week Range||18.74 - 24.88|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||7.78|
|Forward Dividend & Yield||0.80 (3.81%)|
|1y Target Est||N/A|
Mack Cali's Q2 performance indicates a slowdown in leasing activity at its office and residential portfolios as well as a year-on-year decline in revenues.
Mack-Cali (CLI) delivered FFO and revenue surprises of -2.44% and -0.42%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Mack-Cali Realty Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Federal Realty's (FRT) Q2 performance highlights growth in property operating income and cash-basis rollover rise on comparable spaces. Also, the company hikes its regular quarterly dividend.
Realty Income (O) will likely gain from focus on tenants from its service, non-discretionary and Internet-resilient business amid choppy retail real estate market in Q2.
While efforts to fortify inter-connection services and networks business will aid Equinix's (EQIX) Q2 earnings, declining average price per cabinet highlights its vulnerability to pricing pressure.
While Iron Mountain (IRM) is expected to enjoy recurring storage rental revenues in Q2, its total adjusted service revenues will likely decline due to dropping activity rates.
Higher demand for residential properties and a strategic redevelopment program will likely aid Mid-America Apartment (MAA) in Q2 amid elevated supply of new units in certain markets.
While solid origination volumes will support Arbor Realty's (ABR) Q2 results, anticipated year-over-year decline in its bottom line might thwart the company's quarterly performance.
Billionaire hedge fund managers such as David Abrams, Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the unlimited research abilities of the […]
Mack-Cali Realty Corp NYSE:CLIView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for CLI with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CLI totaled $68.73 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. CLI credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Some surface parking at the Crystal House apartments is set to stick around, even as the Crystal City property gets redeveloped — and that’s worrying Arlington planners reviewing the project. New Jersey-based Roseland Residential Trust is planning to double the number of units on the site, with a mix of apartments and condos across four new buildings, in one of the largest redevelopment proposals submitted to the county since Amazon.com Inc. (NASDAQ: AMZN) elected to set up shop in the neighborhood last fall. Roseland is aiming to build 798 new units, bringing the development's total to 1,626, at 1900 S. Eads Street, with 281 above-ground parking spaces scattered throughout the property.
Real Estate Investment Trust Mack-Cali Realty Corp. said Wednesday it is planning to form a committee of independent directors to review its strategic options, including a possible sale of the company. The committee will be formed following the company's annual shareholder meeting on June 12. The company also said it will extend an offer to MaryAnne Gilmartin and Frederic Cumenal to join the board, as agreed with its shareholder Bow Street, which it accused of running a "protracted and costly proxy contest" and an attempt to "force a precipitous sale of the Company at any price, which would allow Bow Street to realize a quick profit on its recent investment, but would be detrimental to other Mack-Cali stockholders." Mack-Cali has tried to reach an agreement with Bow Street but has not been able to reach a fair settlement, it said. Shares were not yet active premarket, but have gained 18% in the last 12 months, while the S&P 500 has gained 4%.
The co-owner of Station House, a 378-unit apartment building at 701 Second St. NE, faced scrutiny in 2018 for the misbehavior — to say the least — of short-term corporate renters. Leaseholders were furious, the Washington City Paper reported in July, over the “hordes of guests who use the property as a hotel and the Hill interns who are living there short-term, turning their luxury building into an epicenter, they say, of anything-goes drunken hedonism perpetrated by a rotating cast of characters looking to party.” The District's zoning administrator, on June 21, 2018, even moved to revoke the property’s certificate of occupancy. It hurt for a bit, Marshall Tycher, chairman of the board of Mack-Cali subsidiary Roseland Realty Trust, said during the company’s most recent earnings call.