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. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, diverse retail and restaurants, and public spaces. A fully-integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for two decades. By regularly investing in its properties and innovative lifestyle amenity packages, Mack-Cali creates environments that empower tenants and residents to reimagine the way they work and live.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Phone732-590-1010
Debt
Current Ratio0.71
Quick Ratio0.71
Price-To-Earnings
Sales & Book Value
Annual Sales$616.20 million
Price / Sales2.97
Price / Cash Flow7.69
Price / Book1.09
Profitability
Net Income$23.18 million
Net Margins6.81%
Return on Assets0.75%
Miscellaneous
Employees439
OptionableOptionable
Mack Cali Realty (NYSE:CLI) Frequently Asked Questions
What is Mack Cali Realty's stock symbol?
Mack Cali Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLI."
How often does Mack Cali Realty pay dividends? What is the dividend yield for Mack Cali Realty?
Mack Cali Realty declared a quarterly dividend on Tuesday, December 11th. Stockholders of record on Thursday, January 3rd will be given a dividend of $0.20 per share on Friday, January 11th. This represents a $0.80 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, January 2nd. View Mack Cali Realty's Dividend History.
How were Mack Cali Realty's earnings last quarter?
Mack Cali Realty Corp (NYSE:CLI) released its earnings results on Wednesday, August, 1st. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.49. The real estate investment trust had revenue of $126.58 million for the quarter, compared to analyst estimates of $133.28 million. Mack Cali Realty had a net margin of 6.81% and a return on equity of 2.19%. The firm's revenue for the quarter was down 90.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. View Mack Cali Realty's Earnings History.
When is Mack Cali Realty's next earnings date?
How can I listen to Mack Cali Realty's earnings call?
Mack Cali Realty will be holding an earnings conference call on Thursday, February 21st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
What guidance has Mack Cali Realty issued on next quarter's earnings?
Mack Cali Realty issued an update on its FY18 earnings guidance on Wednesday, October, 31st. The company provided earnings per share (EPS) guidance of $1.81-1.85 for the period, compared to the Thomson Reuters consensus estimate of $1.81.
What price target have analysts set for CLI?
6 equities research analysts have issued twelve-month price objectives for Mack Cali Realty's shares. Their predictions range from $18.00 to $28.00. On average, they anticipate Mack Cali Realty's stock price to reach $21.80 in the next year. This suggests a possible upside of 7.7% from the stock's current price. View Analyst Price Targets for Mack Cali Realty.
What is the consensus analysts' recommendation for Mack Cali Realty?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mack Cali Realty in the last year. There are currently 1 sell rating and 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mack Cali Realty.
Has Mack Cali Realty been receiving favorable news coverage?
Press coverage about CLI stock has been trending positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Mack Cali Realty earned a coverage optimism score of 2.6 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an effect on the company's share price in the near future.
Who are some of Mack Cali Realty's key competitors?
Some companies that are related to Mack Cali Realty include Lamar Advertising (LAMR), Apartment Investment and Management (AIV), Kilroy Realty (KRC), Kimco Realty (KIM), Liberty Property Trust (LPT), Macerich (MAC), Store Capital (STOR), American Homes 4 Rent (AMH), Medical Properties Trust (MPW), Douglas Emmett (DEI), American Campus Communities (ACC), Starwood Property Trust (STWD), CyrusOne (CONE), CubeSmart (CUBE) and Healthcare Trust Of America (HTA).
Who are Mack Cali Realty's key executives?
Mack Cali Realty's management team includes the folowing people:
- Mr. Michael J. DeMarco CPA, CEO & Director (Age 59)
- David J. Smetana, Chief Financial Officer (Age 47)
- Mr. Ricardo Cardoso, Exec. VP & Chief Investment Officer (Age 47)
- Ms. Deidre Crockett, Sr. VP, Corp. Communications & Investor Relations
- Mr. Gary T. Wagner Esq., J.D., Exec. VP, Gen. Counsel & Sec. (Age 59)
Who are Mack Cali Realty's major shareholders?
Mack Cali Realty's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Gateway Investment Advisers LLC (0.28%), State of Alaska Department of Revenue (0.03%), Louisiana State Employees Retirement System (0.03%), First Citizens Bank & Trust Co. (0.01%), Contravisory Investment Management Inc. (0.01%) and First Hawaiian Bank (0.01%). Company insiders that own Mack Cali Realty stock include Alan G Philibosian, David J Smetana, Kevin Loiselle, Michael J Demarco, Nathan Gantcher and Robert Andrew Marshall. View Institutional Ownership Trends for Mack Cali Realty.
Which major investors are selling Mack Cali Realty stock?
Which major investors are buying Mack Cali Realty stock?
CLI stock was bought by a variety of institutional investors in the last quarter, including First Citizens Bank & Trust Co., Contravisory Investment Management Inc. and State of Alaska Department of Revenue. Company insiders that have bought Mack Cali Realty stock in the last two years include David J Smetana, Kevin Loiselle, Michael J Demarco and Nathan Gantcher. View Insider Buying and Selling for Mack Cali Realty.
How do I buy shares of Mack Cali Realty?
Shares of CLI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Mack Cali Realty's stock price today?
One share of CLI stock can currently be purchased for approximately $20.25.
How big of a company is Mack Cali Realty?
Mack Cali Realty has a market capitalization of $1.81 billion and generates $616.20 million in revenue each year. The real estate investment trust earns $23.18 million in net income (profit) each year or $2.23 on an earnings per share basis. Mack Cali Realty employs 439 workers across the globe.
What is Mack Cali Realty's official website?
How can I contact Mack Cali Realty?
Mack Cali Realty's mailing address is HARBORSIDE 3 210 HUDSON ST. SUITE. 400, JERSEY CITY NJ, 07311. The real estate investment trust can be reached via phone at 732-590-1010 or via email at [email protected]
MarketBeat Community Rating for Mack Cali Realty (NYSE CLI)
MarketBeat's community ratings are surveys of what our community members think about Mack Cali Realty and other stocks. Vote "Outperform" if you believe CLI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CLI will underperform the S&P 500 over the long term. You may vote once every thirty days.
