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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNYSE:CLI
Previous Symbol
CUSIP55448910
Phone732-590-1010
Debt
Debt-to-Equity Ratio1.67
Current Ratio0.71
Quick Ratio0.71
Price-To-Earnings
Trailing P/E Ratio9.50
Forward P/E Ratio11.57
P/E GrowthN/A
Sales & Book Value
Annual Sales$616.20 million
Price / Sales3.10
Cash Flow$2.6245 per share
Price / Cash Flow8.07
Book Value$18.56 per share
Price / Book1.14
Profitability
EPS (Most Recent Fiscal Year)$2.23
Net Income$23.18 million
Net Margins6.81%
Return on Equity2.19%
Return on Assets0.75%
Miscellaneous
Employees439
Outstanding Shares90,320,000
Market Cap$1.90 billion
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. Shareholders of record on Thursday, January 3rd will be paid a dividend of $0.20 per share on Friday, January 11th. This represents a $0.80 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date 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) announced its earnings results on Wednesday, August, 1st. The real estate investment trust reported ($0.05) EPS for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.49. The real estate investment trust earned $126.58 million during the quarter, compared to analyst estimates of $133.28 million. Mack Cali Realty had a return on equity of 2.19% and a net margin of 6.81%. The company's revenue was down 90.0% compared to the same quarter last year. During the same period last year, the business posted $0.60 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 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 EPS estimate of $1.81.
What price target have analysts set for CLI?
6 brokerages have issued 1 year price objectives for Mack Cali Realty's shares. Their predictions range from $18.00 to $28.00. On average, they expect Mack Cali Realty's share price to reach $21.80 in the next twelve months. This suggests a possible upside of 2.9% 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, 4 hold ratings and 1 buy rating 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?
Media stories about CLI stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mack Cali Realty earned a news impact score of -3.8 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.
Who are some of Mack Cali Realty's key competitors?
Some companies that are related to Mack Cali Realty include Vereit (VER), Gaming and Leisure Properties (GLPI), Omega Healthcare Investors (OHI), Apartment Investment and Management (AIV), Lamar Advertising (LAMR), Kimco Realty (KIM), Macerich (MAC), Liberty Property Trust (LPT), Kilroy Realty (KRC), Store Capital (STOR), CyrusOne (CONE), Medical Properties Trust (MPW), American Homes 4 Rent (AMH), Douglas Emmett (DEI) 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. Robert Andrew Marshall, Pres & Exec. VP -Devel. of Roseland (Age 48)
- David J. Smetana, Chief Financial Officer (Age 46)
- Mr. Ricardo Cardoso, Exec. VP & Chief Investment Officer (Age 46)
- Ms. Deidre Crockett, Sr. VP of Corp. Communications & Investor Relations
Who are Mack Cali Realty's major shareholders?
Mack Cali Realty's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.42%), Vanguard Group Inc. (14.35%), Vanguard Group Inc (14.35%), Morgan Stanley (7.49%), Renaissance Technologies LLC (4.42%) and LSV Asset Management (4.07%). 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?
CLI stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Morgan Stanley, BlackRock Inc., Equity Investment Corp, Russell Investments Group Ltd., Credit Suisse AG, Bank of Montreal Can and FMR LLC. View Insider Buying and Selling for Mack Cali Realty.
Which major investors are buying Mack Cali Realty stock?
CLI stock was bought by a variety of institutional investors in the last quarter, including Madison International Realty Holdings LLC, Macquarie Group Ltd., Renaissance Technologies LLC, Frontier Capital Management Co. LLC, Land & Buildings Investment Management LLC, Vanguard Group Inc, Vanguard Group Inc. and Waterfront Capital Partners LLC. 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 $21.18.
How big of a company is Mack Cali Realty?
Mack Cali Realty has a market capitalization of $1.90 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.
