Mack-Cali Realty Corp

Symbol: CLI
CIK: 924901
Exchange: NYSE
Founded: 1997 (23 years)
HQ: Parsippany, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Office, Residential, Retail, Hotel

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Overall Score: 7.2

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


Mack-Cali Realty Corp Company Logo

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Hightlights of Trading Day January 17, 2020


Open Price: $23.71
Closing Price: $23.56
Price Change: -0.09 (-0.381%)
Lowest Price: $23.53
Highest Price: $23.89

52-Week Low: $19.77
52-Week High: $24.88
52-Week Change: 14.82%

5 Day Price Change: 4.32%
1 Month Price Change: 15.82%
3 Month Price Change: 8.79%
6 Month Price Change: 1.46%
YTD Price Change: 4.83%
1 Year Price Change: 15.25%
2 Year Price Change: 14.53%
5 Year Price Change: 19.63%

Dividend of Trading Day January 17, 2020


Dividend Yield: 3.396%*
Annualized Dividend: $0.8*
Dividend Yield (TTM): 3.396%
Annualized Dividend (TTM): $0.8
Ex Dividend Date: 2020-01-02
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day January 17, 2020


Total Cash: $39,297,000
Current Debt: $547,243,000
Revenue: $528,250,000
Gross Profit: $134,549,000
Total Revenue: $528,250,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $264,121,000
Revenue Per Share: $6
Revenue Per Employee: $1,500,710
Employee: 352
Debt to Equity Ratio (D/E): 1.88
Profit Margin: 0.14%
Enterprise Value (EV): $4,894,956,100
Enterprise Value to Revenue (EV/R): 9.27
Price to Sales (P/S): 4.05
Price to Book (P/B): 1.44
Peg Ratio: -0.06
P/E Ratio: 11.37
P/E High: 9.83
P/E Low: 7.81
Forward P/E Ratio: 12.74
Market Capitalization: $2,133,452,240
Beta: 0.59
Latest Volume: 493,212.00
Avg. Total Volume: 629,920
Avg. 10 Volume: 446,298.50
Avg. 30 Volume: 629,920.37
TTM EPS: 2.07
TTM Dividend Rate: 0.80
Shares Outstanding: 90,554,000
Float: 86,215,377.00
50-Day Moving Avg.: 21.96
200-Day Moving Avg.: 22.33

Latest REIT Community Comments on #CLI


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Properties Owned by CLI


Properties Based on REIT's Official Presentation

Properties Types States Countries
149 3 7 1

Please visit REIT’s official webpage for the most up-to-date property list.

CLI Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Dividend History


Below are the most recent cash dividends paid by CLI. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 47,592,000 71,686,000 22,050,000 39,297,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 213,499,000 215,957,000 212,961,000 232,750,000
Property, Plant & Equipment Net 22,376,000 22,452,000 0 0
Goodwill 2,945,000 2,945,000 2,945,000 2,945,000
Intangible Assets 0 0 0 0
Other Assets 625,011,000 238,193,000 587,597,000 423,985,000
Net Tangible Assets 1,563,371,000 1,642,642,000 1,698,128,000 1,480,768,000
Total Assets 5,720,935,000 5,327,712,000 5,274,284,000 5,060,644,000
Accounts Payable 0 0 0 0
Liabilities (Other) 254,698,000 243,950,000 265,605,000 240,353,000
Current Liabilities (Other) 22,051,000 21,722,000 21,341,000 21,877,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 57,900,000 156,552,000 873,368,000 547,243,000
Long-term Debt 3,117,359,000 2,554,790,000 1,812,949,000 2,245,408,000
Total Liabilities 3,429,957,000 2,955,292,000 2,951,922,000 3,033,004,000
Minority Interest 2,932,000 18,484,000 34,251,000 8,719,000
Common Stock 90,551,967 906,000 903,000 903,000
Retained Earnings -969,858,000 -895,824,000 -855,659,000 -1,084,518,000
Treasury Stock 0 0 0 0
Capital Surplus 2,538,046,000 2,539,547,000 2,553,652,000 2,561,503,000
Shareholder Equity 1,569,261,000 1,645,587,000 1,704,018,000 1,486,658,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 132,435,000 131,758,000 136,723,000 134,230,000
Cost of Revenue 105,357,000 104,087,000 104,802,000 99,062,000
Gross Profit 27,078,000 27,671,000 31,921,000 35,168,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 117,411,000 120,514,000 117,395,000 111,890,000
Operating Income 15,156,000 11,759,000 33,655,000 22,263,000
Income Expense Net (Other) -71,177,000 -32,088,000 241,939,000 30,260,000
EBIT 15,156,000 11,759,000 33,655,000 22,263,000
Interest Income 24,001,000 24,812,000 26,345,000 24,880,000
Pretax Income -56,021,000 -20,329,000 275,594,000 52,523,000
Income Tax 0 0 0 0
Minority Interest 2,932,000 18,484,000 34,251,000 8,719,000
Net Income -58,953,000 -38,813,000 241,343,000 43,804,000
Net Income Basic -58,953,000 -38,813,000 241,343,000 43,804,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income -58,953,000 -38,813,000 241,343,000 43,804,000
Depreciation 48,336,000 48,530,000 47,294,000 45,390,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -24,127,000 45,908,000 -16,932,000 18,612,000
Cash Flow 53,462,000 24,819,000 47,603,000 42,662,000
Capital Expenditures -38,761,000 11,298,000 -81,875,000 105,649,000
Investments -475,498,000 -111,724,000 104,055,000 -119,798,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -514,134,000 -54,246,000 22,305,000 -10,024,000
Dividends Paid -26,148,000 -25,038,000 -24,732,000 -24,418,000
Net Borrowings 462,693,000 681,000 -107,009,000 -16,547,000
Cash Flow Financing 436,545,000 75,335,000 -86,840,000 -14,026,000
Financing Cash Flows (Other) 0 99,692,000 44,901,000 26,939,000
Exchange Rate Effect 0 0 0 0

About Mack-Cali Realty Corp


Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, and other tenant-related services for its two-platform operations of waterfront and transit-based office and luxury multi-family assets. Mack-Cali provides its tenants and residents with the most innovative communities that empower them to re-imagine the way they work and live.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.6
8 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.9
10 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
6 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 8.7
6 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.2
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.1
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
4 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7.2 Overall REITRating™ Score 6.5

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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