24.15 +0.01 (0.04%)
After hours: 4:06PM EDT
|Bid||24.11 x 900|
|Ask||27.00 x 800|
|Day's Range||24.07 - 24.27|
|52 Week Range||18.74 - 24.88|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||7.99|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.80 (3.52%)|
|1y Target Est||22.00|
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 ...
Four current Mack-Cali directors won’t stand for re-election to its 11-member board at the company’s annual meeting scheduled for Wednesday, the company said. The company’s chairman Bill Mack received support from about 13% of shareholders, people familiar with the matter said, based on preliminary figures. Nathan Gantcher, Alan Philibosian and Vincent Tese, who said they wouldn’t stand for re-election, also received 13%, the people said asking not to be identified because the matter is private.
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 Accordingly, the Company has withdrawn its previous nominations of Messrs.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.
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.
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").
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.
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 ...
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.
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 ...
Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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.
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%.
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 ...
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.
Highlights Decades-Long Underperformance, Mismanagement and Poor Corporate Governance; Meaningful Structural Change Overseen by Independent Directors is Required for Value Creation
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.
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.
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.
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's (CLI) first-quarter 2019 results indicate softness in its office portfolio. Further, decline in same-store cash net operating income disappoints.
JERSEY CITY, N.J. (AP) _ Mack-Cali Realty Corp. (CLI) on Wednesday reported a key measure of profitability in its first quarter. The results fell short of Wall Street expectations. The Jersey City, New Jersey-based real estate investment trust said it had funds from operations of $40.8 million, or 40 cents per share, in the period.