CLI - Mack-Cali Realty Corporation

NYSE - NYSE Delayed Price. Currency in USD
20.58
-0.41 (-1.95%)
At close: 4:02PM EDT
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Previous Close20.99
Open20.90
Bid15.36 x 1000
Ask20.58 x 800
Day's Range20.51 - 21.24
52 Week Range18.74 - 24.88
Volume469,990
Avg. Volume441,828
Market Cap1.864B
Beta (3Y Monthly)0.88
PE Ratio (TTM)7.78
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.80 (3.81%)
Ex-Dividend Date2019-07-01
1y Target EstN/A
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News
Press Releases
  • Mack-Cali Realty Corporation Reports Second Quarter 2019 Results
    PR Newswire

    Mack-Cali Realty Corporation Reports Second Quarter 2019 Results

    JERSEY CITY, N.J. , Aug. 7, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the second quarter 2019. SECOND QUARTER 2019 HIGHLIGHTS Reported net income (loss) ...

  • Mack-Cali Realty Corporation Announces Second Quarter 2019 Earnings Release Date
    PR Newswire

    Mack-Cali Realty Corporation Announces Second Quarter 2019 Earnings Release Date

    --Conference Call To Be Held With Management-- JERSEY CITY, N.J. , July 23, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced that it will release its second quarter 2019 earnings ...

  • PR Newswire

    Mack Cali Announces Results of Annual Meeting of Stockholders

    JERSEY CITY, N.J. , June 18, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) ("the Company" or "Mack- Cali ") today announced that, based on the final, certified vote ...

  • Mack-Cali Realty Corporation Declares Quarterly Cash Dividend
    PR Newswire

    Mack-Cali Realty Corporation Declares Quarterly Cash Dividend

    JERSEY CITY, N.J. , June 12, 2019 /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 (indicating ...

  • PR Newswire

    Mack-Cali Announces Steps to Accelerate the Ongoing Board Refreshment Process and Further Improve Corporate Governance

    JERSEY CITY, N.J., June 12, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company" or "Mack-Cali") today announced that, in an effort to accelerate the Company's ongoing process to refresh its Board of Directors, four of the Company's current directors, David S. Mack, Nathan Gantcher, Alan G. Philibosian and Vincent Tese, have decided not to stand for re-election at the Company's Annual Meeting of Stockholders (the "Annual Meeting") scheduled for today, June 12, 2019.  Accordingly, the Company has withdrawn its previous nominations of Messrs. Mack, Gantcher, Philibosian and Tese to stand for election to the Board at the Annual Meeting.  As a result of the Company's withdrawal of these four candidates from nomination, eleven individuals remain nominated to stand for election as directors at the Annual Meeting, all of whom will be elected to the Board at the Annual Meeting.

  • PR Newswire

    Mack-Cali Urges Stockholders to Vote "FOR ALL" of the Company's Director Nominees on the WHITE Proxy Card Today

    JERSEY CITY, N.J., June 6, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company" or "Mack-Cali") today urged stockholders to vote "FOR ALL" of the Company's 11 highly qualified director nominees on the WHITE proxy card at the Company's 2019 Annual Meeting of Stockholders scheduled for June 12, 2019 (the "Annual Meeting").

  • PR Newswire

    Mack-Cali Reiterates and Clarifies Plan to Form a Committee of Independent Directors to Review Strategic Direction

    JERSEY CITY, N.J., June 5, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company" or "Mack-Cali") today reiterated the Company's previously announced commitment to form a committee of independent directors to review the Company's strategic direction (the "Strategic Review Committee" or the "Committee").  Mack-Cali also clarified the misinformation about the Committee's composition and mandate contained in certain public statements previously made by Bow Street Special Opportunities Fund XV, LP ("Bow Street"). As previously announced, the Mack-Cali Board of Directors intends to form a Strategic Review Committee comprising solely independent directors to review the Company's strategic direction and all available alternatives for maximizing stockholder value, including a potential sale of the Company or certain of its assets.  The Board expects to form the Committee immediately following the Company's upcoming Annual Meeting of Stockholders (the "Annual Meeting") scheduled for June 12, 2019.

  • Mack-Cali Realty Corporation to Present at NAREIT's REITWeek 2019
    PR Newswire

    Mack-Cali Realty Corporation to Present at NAREIT's REITWeek 2019

    JERSEY CITY, N.J. , June 3, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) announced today that it will be participating in REITWeek: NAREIT's Investor Conference being held June 4-6, 2019 ...

  • PR Newswire

    Mack-Cali Comments on ISS and Glass Lewis Reports

    Urges Stockholders to Protect the Value of Their Investment by Voting " FOR " All of Mack- Cali's Qualified Nominees on the WHITE Proxy Card Points Out That ISS and Glass Lewis Failed to Recognize ...

  • PR Newswire

    Mack-Cali Responds to Bow Street's Misleading Statements and Outright Lies about the Company's Board of Directors

    JERSEY CITY, N.J., May 30, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company" or "Mack-Cali") today responded to a letter sent by Bow Street Special Opportunities Fund XV, LP ("Bow Street") to Mack-Cali stockholders on May 29, 2019 in connection with Bow Street's ongoing proxy contest. During the course of its self-serving and deceptive campaign, Bow Street has repeatedly used false and misleading statements to disparage the Company's Board of Directors and disguise Bow Street's self-interested objectives.

  • PR Newswire

    Mack-Cali Announces Plan to Form a Committee of Independent Directors to Review Strategic Direction

    JERSEY CITY, N.J. , May 29, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) (the "Company" or "Mack- Cali ") today announced that the Board of Directors of the Company ...

  • PR Newswire

    Mack-Cali Files Investor Presentation Urging Stockholders to Reject Bow Street's Deceptive, Self-Serving Campaign

    JERSEY CITY, N.J., May 22, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company" or "Mack-Cali") today announced that it filed an investor presentation with the Securities and Exchange Commission in connection with the Company's 2019 Annual Meeting of Stockholders, scheduled for June 12, 2019 (the "Annual Meeting"). Mack-Cali stockholders of record as of the close of business on April 16, 2019 will be entitled to vote at the Annual Meeting. "We are making tremendous progress on our Waterfront strategy and portfolio transformation, which reinforces our strong belief that acceding to Bow Street's demand for an immediate sale process would fail to maximize value and harm all other Mack-Cali stockholders," said Michael J. DeMarco, Chief Executive Officer.

  • Business Wire

    Bow Street Releases Investor Presentation to Mack-Cali Shareholders Detailing the Case for Change at Mack-Cali

    Highlights Decades-Long Underperformance, Mismanagement and Poor Corporate Governance; Meaningful Structural Change Overseen by Independent Directors is Required for Value Creation

  • PR Newswire

    Mack-Cali Sets the Record Straight Following Bow Street's Disingenuous, Misleading Statements Regarding Settlement Discussions

    JERSEY CITY, N.J., May 20, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company" or "Mack-Cali") today issued a public statement in response to a letter dated May 17, 2019 from Bow Street Special Opportunities Fund XV, LP ("Bow Street") to William L. Mack, Chairman of the Mack-Cali Board of Directors, regarding recent settlement discussions between Mack-Cali and Bow Street relating to Bow Street's ongoing proxy contest.  Mack-Cali believes it is important to set the record straight about Bow Street's deceptive and misleading portrayal of the circumstances in which the settlement discussions between the parties were terminated.

  • PR Newswire

    Mack-Cali Sets the Record Straight Regarding Bow Street's Self-Serving Agenda

    JERSEY CITY, N.J., May 7, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company") today mailed a letter to its stockholders in connection with the Company's upcoming 2019 Annual Meeting of Stockholders, scheduled for June 12, 2019 (the "Annual Meeting"). Bow Street Special Opportunities Fund XV, LP ("Bow Street") and David Werner Real Estate Investments ("DWREI") approached Mack-Cali with a proposal to acquire the Company's suburban and waterfront office assets, hotel joint venture interests and retail assets at a price far below fair market value.

  • ACCESSWIRE

    Mack-Cali Realty Corp. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 2, 2019 / Mack-Cali Realty Corp. (NYSE: CLI ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 2, 2019 at 11:00 AM Eastern ...

  • Mack-Cali Realty Corporation Reports First Quarter 2019 Results
    PR Newswire

    Mack-Cali Realty Corporation Reports First Quarter 2019 Results

    JERSEY CITY, N.J. , May 1, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the first quarter 2019. FIRST QUARTER 2019 HIGHLIGHTS - Reported net income of $2.66 ...

  • Mack-Cali Files Definitive Proxy Materials and Mails Letter to Stockholders
    PR Newswire

    Mack-Cali Files Definitive Proxy Materials and Mails Letter to Stockholders

    JERSEY CITY, N.J., April 29, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) (the "Company") today announced that it has filed definitive proxy materials, including its definitive proxy statement and white proxy card, with the U.S. Securities and Exchange Commission in connection with Mack-Cali's Annual Meeting of Stockholders, scheduled for June 12, 2019, (the "Annual Meeting"). Mack-Cali stockholders of record as of the close of business on April 16, 2019 will be entitled to vote at the Annual Meeting.

  • PR Newswire

    Mack-Cali Board of Directors Sends Letter to Bow Street Regarding Grossly Inadequate Proposal to Acquire Mack-Cali's Suburban and Waterfront Office Assets

    JERSEY CITY, N.J., April 16, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) today announced that CEO Michael J. DeMarco sent a letter on behalf of the Company's Board of Directors to Howard Shainker, co-founder of Bow Street Special Opportunities Fund XV, LP ("Bow Street"), regarding the previously announced unsolicited proposal from Bow Street and David Werner Real Estate Investments ("DWREI") to acquire Mack-Cali's suburban and waterfront office portfolios. Mr. DeMarco's letter was sent on April 15, 2019, prior to Bow Street's filing of its preliminary proxy statement nominating four candidates for election to the Company's Board of Directors, and before the Company's Board received the April 16, 2019 letter from Bow Street reiterating its desire to acquire Mack-Cali's suburban and waterfront office portfolio.

  • Mack-Cali Realty Corporation Announces First Quarter 2019 Earnings Release Date
    PR Newswire

    Mack-Cali Realty Corporation Announces First Quarter 2019 Earnings Release Date

    --Conference Call To Be Held With Management-- JERSEY CITY, N.J. , April 15, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced that it will release its first quarter 2019 earnings ...

  • Mack-Cali Realty Corporation Completes Disposition of 56-Building Office/Flex Portfolio
    PR Newswire

    Mack-Cali Realty Corporation Completes Disposition of 56-Building Office/Flex Portfolio

    JERSEY CITY, N.J., April 3, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI), a waterfront centric office and residential property owner, announced that it has executed the sale of its 3.1 million square foot office/flex portfolio.  The aggregate sales price for the portfolio was $487.5 million.  A portion of the proceeds from the sale was used to repay $210 million of unsecured debt at the end of the first quarter.  As part of the sales consideration, the purchaser redeemed 301,638 of its common Operating Partnership units, which were valued at $6.6 million.  Inclusive of proceeds from the sale of the Elmsford Distribution Center portfolio on December 31, 2018, the Company has retired $280 million of unsecured debt from sales of flex portfolios. 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 the Northeast.

  • GlobeNewswire

    Research Report Identifies Diamondrock Hospitality, Essex Property Trust, Tenet Healthcare, ARMOUR Residential REIT, Mack-Cali Realty, and Aratana Therapeutics with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement

    NEW YORK, April 01, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • PR Newswire

    Mack-Cali Announces Receipt of Notice of Director Nominations from Bow Street

    JERSEY CITY, N.J., March 18, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI) today announced receipt of a notice from Bow Street Special Opportunities Fund XV, LP ("Bow Street") of its intent to nominate a majority slate of six candidates to stand for election to the Board of Directors of the Company at the Company's 2019 Annual Meeting of Stockholders.

  • Mack-Cali Realty Corporation in Agreement to Sell 56-Building Office/Flex Portfolio
    PR Newswire

    Mack-Cali Realty Corporation in Agreement to Sell 56-Building Office/Flex Portfolio

    JERSEY CITY, N.J., March 11, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (CLI), a waterfront centric office and residential property owner, today announced that it has entered into two definitive agreements with one buyer for the sale of its 3.1 million square foot office/flex portfolio.  The aggregate purchase price for the portfolio is $487.5 million.  A portion of the proceeds from the sale will be used for the repayment of approximately $230 million of unsecured debt. The sale of the portfolio is subject to normal and customary undertakings, covenants, obligations and closing conditions.