Mack-Cali Realty Corp. (CLI) - NYSE
  • Wed, Feb. 17, 12:40 PM
    • "We were surprised, but not surprised by the CEO transition," says analyst John Guinee, applauding the board for acting faster than other office REITs in his coverage universe like First Potomac (FPO +1.3%) and Mack-Cali (CLI +1.3%). He notes value creation at Corporate Office (OFC +3.4%) has been in decline or stagnant since 2010.
    • "The strategy of buy/build and hold commodity, low barrier office product leads to slow and steady value erosion."
    • Still not a fan of the stock, Guinee isn't seeing any near-term negative catalysts after the stock's 25% Y/Y decline, and upgrades to Hold.
    | Wed, Feb. 17, 12:40 PM
  • Dec. 17, 2015, 9:44 AM
    | Dec. 17, 2015, 9:44 AM | 1 Comment
  • Sep. 11, 2015, 12:57 PM
    • Equity Commonwealth (EQC +1.6%) is lifted to Neutral from Sell, and Mack-Cali (CLI +3%) to Buy from Neutral at Citigroup.
    • Mack-Cali is lower by 5.7% since August 1, but EQC has managed to remain flat during that rough period.
    | Sep. 11, 2015, 12:57 PM | 3 Comments
  • Apr. 1, 2014, 7:59 AM
    • Mack-Cali Realty (CLI) is off 2.1% premarket after KeyBanc's Jordan Sadler pulls his Buy rating and calls the stock a "value-trap." Barclays yesterday cut the stock to Underweight.
    | Apr. 1, 2014, 7:59 AM
  • Apr. 15, 2013, 5:47 PM
    After-hours top gainers, as of 5:15 p.m.: CNW +6%. SPR +6%. SWC +5%. RES +4.5%. RBC +4.4%.
    After-hours top losers: SRPT -12%. CLI -7%. HCA -5%. EGOV -4.0%. KDN -3.2%.
    | Apr. 15, 2013, 5:47 PM
  • Apr. 15, 2013, 5:43 PM
    Mack-Cali Realty (CLI) intends to reduce quarterly dividend to $0.30/share from prior $0.45/share, representing an annual yield of 4.26. The Company plans to declare dividend on May 15 board meeting. Shares -11.2% AH. (PR)
    | Apr. 15, 2013, 5:43 PM
  • Oct. 9, 2012, 3:57 PM

    Mack-Cali Realty (CLI +2%) agrees to buy certain assets from Roseland Partners for ~$134M, as the REIT looks to diversify its portfolio. CLI will buy Roseland's real estate development and management businesses, as well as interests in six operating multifamily properties, one condo-residential property and four commercial properties.

    | Oct. 9, 2012, 3:57 PM | 1 Comment
Company Description
Mack-Cali Realty Corp. is a fully-integrated, self-administered and self-managed real estate investment trust that owns and operates a real estate portfolio comprised predominantly of Class A office and Office/Flex properties located primarily in the Northeast. The company operates through three... More
Sector: Financial
Industry: REIT - Office
Country: United States