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. For more information on Mack-Cali Realty Corporation and its properties, visit www.mack-cali.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
SymbolNYSE:CLI
CUSIP55448910
Phone732-590-1010
Debt
Debt-to-Equity Ratio1.54
Current Ratio0.78
Quick Ratio0.78
Price-To-Earnings
Trailing P/E Ratio9.18
Forward P/E Ratio11.39
P/E GrowthN/A
Sales & Book Value
Annual Sales$616.20 million
Price / Sales3.03
Cash Flow$2.6075 per share
Price / Cash7.95
Book Value$18.56 per share
Price / Book1.12
Profitability
EPS (Most Recent Fiscal Year)$2.23
Net Income$23.18 million
Net Margins7.66%
Return on Equity2.76%
Return on Assets0.93%
Miscellaneous
Employees439
Outstanding Shares90,140,000
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 announced a quarterly dividend on Wednesday, June 13th. Shareholders of record on Tuesday, July 3rd will be paid a dividend of $0.20 per share on Friday, July 13th. This represents a $0.80 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Monday, July 2nd. View Mack Cali Realty's Dividend History.
How were Mack Cali Realty's earnings last quarter?
Mack Cali Realty Corp (NYSE:CLI) issued its quarterly earnings results on Wednesday, May, 2nd. The real estate investment trust reported $0.45 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.46 by $0.01. The real estate investment trust earned $138.97 million during the quarter, compared to the consensus estimate of $134.47 million. Mack Cali Realty had a net margin of 7.66% and a return on equity of 2.76%. The business's revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. View Mack Cali Realty's Earnings History.
When is Mack Cali Realty's next earnings date?
What guidance has Mack Cali Realty issued on next quarter's earnings?
Mack Cali Realty updated its FY18 earnings guidance on Wednesday, May, 2nd. The company provided EPS guidance of $1.80-1.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.83.
What price target have analysts set for CLI?
5 brokerages have issued twelve-month target prices for Mack Cali Realty's stock. Their forecasts range from $18.00 to $30.00. On average, they anticipate Mack Cali Realty's share price to reach $25.20 in the next twelve months. View Analyst Ratings for Mack Cali Realty.
Who are some of Mack Cali Realty's key competitors?
Some companies that are related to Mack Cali Realty include Kimco Realty (KIM), Vereit (VER), WP Carey (WPC), Lamar Advertising (LAMR), Douglas Emmett (DEI), National Retail Properties (NNN), Apartment Investment and Management (AIV), Liberty Property Trust (LPT), American Homes 4 Rent (AMH), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), DCT Industrial Trust (DCT), RioCan Real Estate Investment Trust (RIOCF), Howard Hughes (HHC) and Starwood Property Trust (STWD).
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 58)
- Mr. Mitchell E. Rudin J.D., Vice Chairman (Age 65)
- Mr. Robert Andrew Marshall, Pres & Exec. VP of Roseland (Age 47)
- David J. Smetana, Chief Financial Officer
- Mr. Ricardo Cardoso, Chief Investment Officer and Exec. VP (Age 46)
Has Mack Cali Realty been receiving favorable news coverage?
News headlines about CLI stock have trended somewhat positive on Friday, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mack Cali Realty earned a coverage optimism score of 0.07 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 45.15 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are Mack Cali Realty's major shareholders?
Mack Cali Realty's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.53%), Centersquare Investment Management LLC (6.40%), LSV Asset Management (4.03%), Northern Trust Corp (2.94%), Frontier Capital Management Co. LLC (2.55%) and Victory Capital Management Inc. (1.74%). Company insiders that own Mack Cali Realty stock include Alan G Philibosian, David J Smetana, Kevin Loiselle, Michael J Demarco and Nathan Gantcher. View Institutional Ownership Trends for Mack Cali Realty.
Which major investors are selling Mack Cali Realty stock?
CLI stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Sei Investments Co., JPMorgan Chase & Co., LSV Asset Management, Guggenheim Capital LLC, California Public Employees Retirement System, ClariVest Asset Management LLC and Equity Investment Corp. View Insider Buying and Selling for Mack Cali Realty.
Which major investors are buying Mack Cali Realty stock?
CLI stock was acquired by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, Citadel Advisors LLC, Russell Investments Group Ltd., Millennium Management LLC, BlackRock Inc., Frontier Capital Management Co. LLC, Schwab Charles Investment Management Inc. and Teachers Insurance & Annuity Association of America. 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 $20.71.
How big of a company is Mack Cali Realty?
Mack Cali Realty has a market capitalization of $1.87 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.
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 (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.
