Mack-Cali Realty Corp | REIT Profile

Symbol: CLI
CIK: 924901
Exchange: NYSE
Founded: 1997 (24 years)
HQ: Parsippany, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office, Residential, Retail, Hotel

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See CLI on SEC.gov

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Overall Score: 6.3

See score breakdown | See trend

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

Stock Chart

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Hightlights of Trading Day December 6, 2021


Open Price: $17.31
Closing Price: $17.81
Price Change: 0.77 (4.519%)
Lowest Price: $17.265
Highest Price: $18.01

52-Week Low: $11.74
52-Week High: $19.90
52-Week Change: 20.09%

5 Day Price Change: -2.80%
1 Month Price Change: -13.33%
3 Month Price Change: -4.75%
6 Month Price Change: -2.01%
YTD Price Change: 36.76%
1 Year Price Change: 20.09%
2 Year Price Change: -17.92%
5 Year Price Change: -28.85%

Dividend of Trading Day December 6, 2021 [Dividends Currently Suspended]


Dividend Yield: 4.492%*
Annualized Dividend: $0.8*
Dividend Yield (TTM): N/A
Annualized Dividend (TTM): N/A
Ex-Dividend Date: N/A
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)


Funds From Operations (FFO)

Key Stats of Trading Day December 6, 2021


Total Cash: $23,308,000
Current Debt: $368,459,000
Revenue: $322,289,000
Gross Profit: $322,289,000
Total Revenue: $322,289,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $114,076,000
Revenue Per Share: $4
Revenue Per Employee: $1,138,830
Employee: 2,018
Debt to Equity Ratio (D/E): 3.49
Profit Margin: -0.13%
Enterprise Value (EV): $3,905,910,549
Enterprise Value to Revenue (EV/R): 12.12
Price to Sales (P/S): 4.82
Price to Book (P/B): 1.19
Price/Earnings-to-Growth (PEG) Ratio: -0.46
P/E Ratio: -42.10
P/E High: -6.29
P/E Low: -10.56
Forward P/E Ratio: -16.75
Market Capitalization: $1,619,752,855
Beta: 0.89
Latest Volume: 720,512
Avg. Total Volume: 760,499
Avg. 10-Day Volume: 1,004,681
Avg. 30-Day Volume: 760,499
TTM EPS: -0.42
Shares Outstanding: 90,946,258
Float: N/A
50-Day Moving Avg.: $18.37
200-Day Moving Avg.: $17.65

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

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $21.25 per share you would have been able to buy 47 shares of CLI on 2020-12-07 costing $998.75 @ $21.25 per share you would have been able to buy 23 shares of CLI on 2020-12-07 costing $488.75 @ $21.25 per share you would have been able to buy 11 shares of CLI on 2020-12-07 costing $233.75 @ $21.25 per share you would have been able to buy 4 shares of CLI on 2020-12-07 costing $85.00 @ $21.25 per share you would have been able to buy 2 shares of CLI on 2020-12-07 costing $42.50
Current worth On 2021-12-06 these 47 shares would be worth $837.07 @ $17.81 On 2021-12-06 these 23 shares would be worth $409.63 @ $17.81 On 2021-12-06 these 11 shares would be worth $195.91 @ $17.81 On 2021-12-06 these 4 shares would be worth $71.24 @ $17.81 On 2021-12-06 these 2 shares would be worth $35.62 @ $17.81
Dividends earned $0.00 in dividends would have been earned since 2020-12-07 with 47 shares. $0 in dividends would have been earned since 2020-12-07 with 23 shares. $0.00 in dividends would have been earned since 2020-12-07 with 11 shares. $0.00 in dividends would have been earned since 2020-12-07 with 4 shares. $0.00 in dividends would have been earned since 2020-12-07 with 23 shares.
Net (gain / loss)* -161.68 USD -79.12 USD -37.84 USD -13.76 USD -6.88 USD
ROI** -16.19% -16.19% -16.19% -16.19% -16.19%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History [Dividends Currently Suspended]


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
CLI 2020-07-10 0.200 --- 2020-07-01 2020-07-13 2020-07-24
CLI 2020-04-01 0.200 --- 2020-03-23 2020-04-02 2020-04-14
CLI 2020-01-02 0.200 --- 2019-12-17 2020-01-03 2020-01-10
CLI 2019-10-03 0.200 --- 2019-09-24 2019-10-04 2019-10-11
CLI 2019-07-01 0.200 --- 2019-06-12 2019-07-02 2019-07-12
CLI 2019-04-01 0.200 --- 2019-03-14 2019-04-02 2019-04-12
CLI 2019-01-02 0.200 --- 2018-12-11 2019-01-03 2019-01-11
CLI 2018-10-01 0.200 --- 2018-09-12 2018-10-02 2018-10-12
CLI 2018-07-02 0.200 --- 2018-06-13 2018-07-03 2018-07-13
CLI 2018-04-02 0.200 --- 2018-03-14 2018-04-03 2018-04-13
CLI 2018-01-02 0.200 --- 2017-12-12 2018-01-03 2018-01-12
CLI 2017-10-02 0.200 --- 2017-09-14 2017-10-03 2017-10-13
CLI 2017-07-03 0.200 33.33% 2017-06-12 2017-07-06 2017-07-14
CLI 2017-04-03 0.150 --- 2017-03-14 2017-04-05 2017-04-13
CLI 2017-01-03 0.150 --- 2016-12-13 2017-01-05 2017-01-13
CLI 2016-10-03 0.150 --- 2016-09-27 2016-10-05 2016-10-14
CLI 2016-07-01 0.150 --- 2016-06-01 2016-07-06 2016-07-15
CLI 2016-04-01 0.150 --- 2016-03-08 2016-04-05 2016-04-15
CLI 2016-01-04 0.150 --- 2015-12-08 2016-01-06 2016-01-15
CLI 2015-10-01 0.150 --- 2015-09-22 2015-10-05 2015-10-15

Financial Statements Overview


The next Earnings Report for CLI is 2022-02-24

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 23,308,000 37,628,000 261,682,000 38,096,000
Receivables 76,793,000 74,707,000 87,406,000 95,452,000
Inventory 0 0 0 0
Current Assets 133,109,000 128,482,000 367,924,000 133,548,000
Current Assets (Other) 33,008,000 0 0 0
Short Term Investments 33,008,000 0 0 0
Long-term Investments 4,434,058,000 4,462,995,000 4,792,434,000 5,014,238,000
Property, Plant & Equipment Net 4,135,567,000 4,134,702,000 4,440,435,000 4,639,275,000
Goodwill 2,945,000 2,945,000 2,945,000 2,945,000
Intangible Assets 0 0 0 0
Other Assets 104,932,000 148,136,000 166,785,000 173,131,000
Net Tangible Assets 1,305,080,000 1,332,281,000 1,403,878,000 1,395,872,000
Total Assets 4,567,167,000 4,591,477,000 5,160,358,000 5,147,786,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 194,459,000 204,888,000 233,611,000 240,312,000
Total Current Liabilities 368,459,000 393,888,000 233,611,000 240,312,000
Current Long-term Debt 174,000,000 189,000,000 0 0
Long-term Debt 2,200,947,000 2,170,284,000 2,821,964,000 2,801,797,000
Total Liabilities 3,259,142,000 3,256,251,000 3,753,535,000 3,748,969,000
Minority Interest 689,736,000 692,079,000 697,960,000 706,860,000
Common Stock 90,941,000 90,774,000 90,692,000 90,676,000
Retained Earnings -1,223,047,000 -1,194,733,000 -1,122,654,000 -1,130,277,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,308,025,000 1,335,226,000 1,406,823,000 1,398,817,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 83,744,000 81,247,000 76,093,000 81,205,000
Cost of Revenue 0 0 0 0
Gross Profit 83,744,000 81,247,000 76,093,000 81,205,000
Research and Development 0 0 0 0
Selling General and Admin 11,292,000 18,067,000 13,989,000 11,636,000
Operating Expense 82,107,000 87,381,000 78,309,000 80,817,000
Operating Income 1,637,000 -6,134,000 -2,216,000 388,000
Income Expense Net (Other) 0 0 0 5,787,000
EBIT 1,637,000 -5,785,000 -2,216,000 4,802,000
Interest Income 15,200,000 16,554,000 17,610,000 19,196,000
Pretax Income -22,809,000 -78,907,000 -20,222,000 35,686,000
Income Tax 0 0 0 0
Minority Interest 6,294,000 -402,000 4,622,000 12,666,000
Net Income -28,314,000 -73,629,000 5,832,000 53,818,000
Net Income Basic -28,314,000 -73,629,000 5,832,000 53,818,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income -28,314,000 -73,629,000 5,832,000 53,818,000
Depreciation 29,008,000 28,286,000 27,111,000 118,345,000
Changes in Receivables 76,793,000 74,707,000 87,406,000 95,452,000
Changes in Inventories 0 0 0 0
Cash Change 23,308,000 37,628,000 261,682,000 38,096,000
Cash Flow 13,228,000 1,793,000 26,154,000 8,834,000
Capital Expenditures -62,744,000 -77,809,000 -74,291,000 -434,580,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -32,083,000 300,129,000 189,970,000 -227,384,000
Dividends Paid 0 0 0 0
Net Borrowings 2,318,631,000 2,321,656,000 2,560,282,000 2,763,701,000
Cash Flow Financing 8,198,000 -528,665,000 12,092,000 -105,336,000
Financing Cash Flows (Other) 0 0 0 0
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
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
Rating AFFO & Efficiency Section Avg. Rating
5 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.5
3 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
3 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
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
6 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.3
6.3 Overall REITRating™ Score (See trend) 6.2

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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Last updated: 2021-12-07 - v2.4