|Bid||0.00 x 1400|
|Ask||0.00 x 900|
|Day's Range||15.55 - 15.95|
|52 Week Range||10.35 - 18.83|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 04, 2021 - May 10, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 10, 2020|
|1y Target Est||16.50|
Mack-Cali's (CLI) latest sale of the Metropark portfolio for $254 million is in line with its plans to shed the company's suburban office portfolio and focus on Harborside repositioning.
Mack-Cali Realty Corporation (NYSE: CLI) today announces the sale of its Metropark portfolio, located in Edison and Iselin NJ, for $254 million to Opal Holdings. The disposition, comprising four office buildings containing 945,906 square feet, represents one of the largest suburban office transactions this year and continues to demonstrate strong execution of Mack-Cali's strategy of divesting its suburban office assets, signaling a strong start to 2021. The company plans to use the sales proceeds to pay down its unsecured corporate debt during the second quarter of 2021.
Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.