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 New Jersey. 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 over 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.
IPO Year: n/a
Exchange: NYSE
Website: mack-cali.com
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JERSEY CITY, N.J., Dec. 7, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today announced that it has rebranded to Veris Residential, Inc. reflecting the company's new strategic direction and corporate values as it transitions into a pure-play multifamily REIT and seeks to generate long-term value for shareholders. The company will continue to be publicly traded on the New York Stock Exchange and will do so under its new name and new ticker symbol, VRE, effective as of December 10, 2021. Over the past several months, Mack-Cali has made significant progress in achieving its strategic objectives of simplifying its business, strengthening its bal
Believes Nominees Have the Independent Perspectives, Differentiated Real Estate Investment Experience and Shareholder-Focused Mindsets Needed to Help Reverse Lexington's Chronic Underperformance Objective and Independent New Voices are Needed in the Boardroom to Oversee Leadership Transition Process and Full Review to Determine the Right Path Forward for LXP LXP's Total Shareholder Returns Have Underperformed Proxy Peers and Industrial Peers by Nearly 500% During CEO's 18-year Tenure1 Today Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings"), a significant shareholder of Lexington Realty Trust ("LXP," "Lexington" or the "Company") (NYSE:LXP), an
JERSEY CITY, N.J., Nov. 3, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today reported its results for the third quarter 2021. THIRD QUARTER 2021 HIGHLIGHTS - Net income (loss) of $(0.33) per share for the third quarter 2021 - Core Funds from Operations ("Core FFO") per share of $0.17 for the third quarter 2021 - Two Waterfront office assets, totaling approximately 1.8 million square feet, are under contract for a combined sales price of $590 million, a further step towards simplifying and transitioning the business to a pure-play multifamily REIT - The
JERSEY CITY, N.J., Oct. 22, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today announces that it will host its third quarter 2021 earnings conference call with management on Thursday, November 4, 2021, at 8:30 a.m., Eastern Time. The live conference call can be listened to via the Internet by accessing the Company's website at http://investors.mack-cali.com/corporate-overview.The conference call is also accessible by dialing (323) 794-2598 and requesting the Mack-Cali third quarter earnings conference call or using confirmation code 5487368. It is recommended t
JERSEY CITY, N.J., July 28, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today reported its results for the second quarter 2021. SECOND QUARTER 2021 HIGHLIGHTS Net income (loss) of $(0.81) per share for the second quarter 2021, compared to $(0.41) for the second quarter 2020 Core Funds from Operations ("Core FFO") per share of $0.15 for the second quarter 2021, compared to $0.28 for the second quarter 2020 Operating multifamily portfolio was 94.4% occupied as of July 25, 2021, above pre-pandemic levels and up from 89.7% as of March 31, 2021, resulting in a 1.4%
JERSEY CITY, N.J., July 13, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today announces that it will host its second quarter 2021 earnings conference call with management on Thursday, July 29, 2021 at 8:30 a.m., Eastern Time. The live conference call can be listened to via the Internet by accessing the Company's website at http://investors.mack-cali.com/corporate-overview. The conference call is also accessible by dialing (323) 794-2588 and requesting the Mack-Cali second quarter earnings conference call or using confirmation code 3389870. It is recommended t
JERSEY CITY, N.J., June 14, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) announces the appointment of Victor B. MacFarlane, to its Board of Directors ("the Board"), effective as of June 9, 2021. Mr. MacFarlane will serve as a member of the Audit Committee and the Compensation Committee. Mr. MacFarlane has over 40 years of real estate experience across property development, acquisitions, asset management and portfolio management and is the Chairman and Chief Executive Officer of MacFarlane Partners, a real estate investment management and development firm he founded in 1987.
JERSEY CITY, N.J., June 14, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today announces the $84 million sale of River Centre, a 639,490 square foot office portfolio in Red Bank, New Jersey to First Mile Properties, the suburban affiliate of Crown Acquisitions of New York. River Centre is Mack-Cali's last suburban office portfolio, and its sale is another significant step in the company's pursuit of simplification. The proceeds will be used towards repayment of the Company's term loan. The Class A office complex is comprised of six buildings, one of which was
JERSEY CITY, N.J., May 10, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today unveiled the latest phase of the transformation of its Harborside campus in Jersey City. The Company previewed the fully renovated and repositioned Harborside 1, revealed new public open spaces, and announced its robust summer lineup of programming, including the first New Jersey location for the largest weekly open-air food market in the country, Smorgasburg. The announcements mark a major milestone for the reimagination of the 4.3 million-square-foot office campus now uniquely prepared to satisfy the needs of today's top talent in a post-COVID environment.
NEW YORK, NY / ACCESSWIRE / May 7, 2021 / Mack-Cali Realty Corp. (NYSE:CLI) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 7, 2021 at 8:00 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.investornetwork.com/event/presentation/78371To receive updates for this company you can register by emailing [email protected] or by clicking get investment info from the company's profile.About Investor NetworkInvestor Network (IN) is a financial content community, serving millions of unique investors market information, earnings, commentary and news on what's trending. Dedicated to both the professi
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Believes Nominees Have the Independent Perspectives, Differentiated Real Estate Investment Experience and Shareholder-Focused Mindsets Needed to Help Reverse Lexington's Chronic Underperformance Objective and Independent New Voices are Needed in the Boardroom to Oversee Leadership Transition Process and Full Review to Determine the Right Path Forward for LXP LXP's Total Shareholder Returns Have Underperformed Proxy Peers and Industrial Peers by Nearly 500% During CEO's 18-year Tenure1 Today Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings"), a significant shareholder of Lexington Realty Trust ("LXP," "Lexington" or the "Company") (NYSE:LXP), an
JERSEY CITY, N.J., June 14, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) announces the appointment of Victor B. MacFarlane, to its Board of Directors ("the Board"), effective as of June 9, 2021. Mr. MacFarlane will serve as a member of the Audit Committee and the Compensation Committee. Mr. MacFarlane has over 40 years of real estate experience across property development, acquisitions, asset management and portfolio management and is the Chairman and Chief Executive Officer of MacFarlane Partners, a real estate investment management and development firm he founded in 1987.
JERSEY CITY, N.J., May 6, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today reported its results for the first quarter 2021. FIRST QUARTER 2021 HIGHLIGHTS Net income (loss) of $0.06 per diluted share for the first quarter 2021, as compared to $(0.47) per diluted share for the first quarter 2020 Core Funds from Operations ("Core FFO") per diluted share of $0.18 for the first quarter 2021, as compared to $0.33 for the first quarter 2020 Through April 20, 2021, the Company completed $547 million of suburban office disposals comprising 1.9 million square feet and
424B5 - Veris Residential, Inc. (0000924901) (Filer)
8-K - MACK CALI REALTY CORP (0000924901) (Filer)
8-K - MACK CALI REALTY CORP (0000924901) (Filer)
10-Q - MACK CALI REALTY CORP (0000924901) (Filer)
8-K - MACK CALI REALTY CORP (0000924901) (Filer)
10-Q - MACK CALI REALTY CORP (0000924901) (Filer)
8-K - MACK CALI REALTY CORP (0000924901) (Filer)
8-K - MACK CALI REALTY CORP (0000924901) (Filer)
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8-K - MACK CALI REALTY CORP (0000924901) (Filer)
JERSEY CITY, N.J., Dec. 7, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today announced that it has rebranded to Veris Residential, Inc. reflecting the company's new strategic direction and corporate values as it transitions into a pure-play multifamily REIT and seeks to generate long-term value for shareholders. The company will continue to be publicly traded on the New York Stock Exchange and will do so under its new name and new ticker symbol, VRE, effective as of December 10, 2021. Over the past several months, Mack-Cali has made significant progress in achieving its strategic objectives of simplifying its business, strengthening its bal
JERSEY CITY, N.J., Nov. 3, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today reported its results for the third quarter 2021. THIRD QUARTER 2021 HIGHLIGHTS - Net income (loss) of $(0.33) per share for the third quarter 2021 - Core Funds from Operations ("Core FFO") per share of $0.17 for the third quarter 2021 - Two Waterfront office assets, totaling approximately 1.8 million square feet, are under contract for a combined sales price of $590 million, a further step towards simplifying and transitioning the business to a pure-play multifamily REIT - The
JERSEY CITY, N.J., Oct. 22, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today announces that it will host its third quarter 2021 earnings conference call with management on Thursday, November 4, 2021, at 8:30 a.m., Eastern Time. The live conference call can be listened to via the Internet by accessing the Company's website at http://investors.mack-cali.com/corporate-overview.The conference call is also accessible by dialing (323) 794-2598 and requesting the Mack-Cali third quarter earnings conference call or using confirmation code 5487368. It is recommended t
JERSEY CITY, N.J., July 28, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE:CLI) today reported its results for the second quarter 2021. SECOND QUARTER 2021 HIGHLIGHTS Net income (loss) of $(0.81) per share for the second quarter 2021, compared to $(0.41) for the second quarter 2020 Core Funds from Operations ("Core FFO") per share of $0.15 for the second quarter 2021, compared to $0.28 for the second quarter 2020 Operating multifamily portfolio was 94.4% occupied as of July 25, 2021, above pre-pandemic levels and up from 89.7% as of March 31, 2021, resulting in a 1.4%
Company continues calculated expansion in Northern NJ with off-market deal in affluent Short Hills submarket The Birch Group, a privately-held commercial real estate investor, owner and operator, today announced the $255-million acquisition of a prominent four-building portfolio in Short Hills, N.J. The off-market acquisition comes on the heels of the company's recent $77-million portfolio purchase in Morristown, and further cements its focus on acquiring prime value-add office assets across the suburbs of Northern N.J. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210420006010/en/51 John F. Kennedy Parkway, Short Hills, NJ (Ph
JERSEY CITY, N.J., March 30, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces the sale of its Metropark portfolio, located in Edison and Iselin NJ, for $254 million to Opal Holdings. The disposition, comprising four office buildings containing 945,906 square feet, represents one of the largest suburban office transactions this year and continues to demonstrate strong execution of Mack-Cali's strategy of divesting its suburban office assets, signaling a strong start to 2021. The company plans to use the sales proceeds to pay down its unsecured corporate debt during the second quarter of 2021. "This sale marks a key milestone in our strategy to sell non-core suburb
JERSEY CITY, N.J., March 19, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI), announced today that it will continue to suspend its common dividend for the remainder of 2021. In order to conserve capital and allow for greater financial flexibility during this period of heightened economic uncertainty and based on the Company's projected 2021 taxable income estimates, the Board of Mack-Cali has decided to continue to suspend its quarterly common stock dividend for the remainder of 2021. The Board intends to revisit the resumption of its quarterly dividend in the first quarter of 2022. About Mack-Cali Realty Corporat
JERSEY CITY, N.J., Feb. 25, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the fourth quarter and full year 2020. FOURTH QUARTER 2020 HIGHLIGHTS - Net income (loss) of $0.67 per diluted share for the fourth quarter 2020, as compared to $(0.64) per diluted share for the fourth quarter 2019; and net income (loss) of $(0.70) per diluted share for the year ended December 31, 2020, as compared to $0.95 per diluted share for the same period in 2019; - Core Funds from Operations per diluted share of $0.16 for the fourth quarter 2020, as compared to $0.44 for the fourth quarter 2019; - Roseland's 4,890-unit multifamily stabilized portfo
NEW YORK, Dec. 14, 2020 /PRNewswire/ -- Elliott Associates, L.P. and Elliott International, L.P. (together, "Elliott"), which together have made a substantial investment in the common stock and economic equivalents of Public Storage (the "Company" or "PSA"), today announced in a letter that it privately nominated six trustee candidates to the PSA Board last week. Continue Reading The PSA Growth Opportunity Tweet this Total Shareholder Return Analysis Annual Total Shareholder Return Ranking of Self-Storage Companies Public Storage Relative Market Share Over Time Invested Capital Growth vs. TSR O
NEW YORK, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a full‐service, boutique investment bank and broker‐dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2020. This quarter, there are constituent changes within three of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), the KBW Nasdaq Insurance Index (Index Ticker: KIX), and the KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are also a number of changes to the two modified-divi