OverviewSuggest Edit

Among the country's largest real estate investment trusts (REITs), Mack-Cali Realty Corporation (NYSE:CLI) is a leading owner, manager, and developer of class A real estate. The Company owns or has interests in 276 properties consisting of 148 office and 109 flex properties totaling approximately 30.0 million square feet and 19 multi-family rental properties containing approximately 5,700 residential units, all located in the Northeast, as well as land to accommodate additional commercial, multi-family, and hotel development. With debt-free ownership of the bulk of its portfolio, Mack-Cali is able to offer a faster and more streamlined leasing process. In addition, the Company is vertically integrated, providing a full range of leasing, property management, construction, legal, space planning, and architectural services. Mack-Cali’s strong financial position, superior properties, and award-winning property management all combine to instill confidence in even the most challenging of markets. Explore www.mack-cali.com to find out why Mack-Cali office buildings are home to some of the world's finest companies and its multi-family communities offer premier luxury living.
TypePublic
HQEdison, US
Websitemack-cali.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2018)352(-19%)
Job Openings4
Revenue (FY, 2018)$530.6 M(-13%)
Share Price (Jun 2019)$23.3

Key People/Management at Mack-Cali

Michael DeMarco

Michael DeMarco

CEO
Anthony Krug

Anthony Krug

CFO
Bob Cappy

Bob Cappy

CFO
Marshall Tycher

Marshall Tycher

Chairman
David Mack

David Mack

Board Member
Alan Philibosian

Alan Philibosian

Board Member
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Mack-Cali Office Locations

Mack-Cali has offices in Edison, Williamsburg, Washington, Parsippany-Troy Hills and in 12 other locations
Edison, US (HQ)
343 Thornall St
Arlington, US
Arlington, TX, USA
Boston, US
Boston, MA, USA
Charleston, US
Charleston, SC, USA
Elmsford, US
Elmsford, NY, USA
Englewood, US
Englewood, CO, USA
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Mack-Cali Financials and Metrics

Mack-Cali Revenue

Mack-Cali's revenue was reported to be $530.61 m in FY, 2018
USD

Revenue (Q1, 2019)

134.2m

Net income (Q1, 2019)

275.6m

Market capitalization (10-Jun-2019)

2.1b

Closing stock price (10-Jun-2019)

23.3

Cash (31-Mar-2019)

12.1m
Mack-Cali's current market capitalization is $2.1 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

667.0m636.8m594.9m613.4m616.2m530.6m

Revenue growth, %

(5%)(7%)3%

General and administrative expense

47.7m49.1m52.0m50.9m54.0m

Operating expense total

633.4m691.2m508.8m510.9m477.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

162.5m169.6m160.3m155.5m153.7m148.6m146.2m152.9m149.2m157.5m149.9m162.8m160.0m139.0m126.6m132.1m134.2m

General and administrative expense

12.2m22.9m13.7m12.7m11.0m12.0m13.7m12.2m12.8m14.0m11.6m12.5m13.1m16.1m13.5m11.6m12.6m

Operating expense total

177.6m156.4m130.7m126.0m126.7m121.2m285.5m125.7m121.9m129.6m125.1m134.8m130.8m118.8m107.7m114.6m118.1m

Depreciation and amortization

45.0m44.7m42.0m42.4m44.1m43.1m43.5m48.1m47.6m57.8m52.4m41.3m41.4m45.8m48.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

221.7m29.5m37.1m31.6m28.2m29.6m

Accounts Receivable

8.0k

Inventories

Total Assets

4.5b4.2b4.1b4.3b5.0b5.1b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

308.0m58.7m80.9m105.5m19.3m19.8m30.9m116.4m29.5m21.6m168.3m21.7m88.8m25.3m29.7m10.8m12.1m

Accounts Receivable

2.0m

Total Assets

4.6b4.4b4.4b4.4b4.2b4.2b4.0b4.2b4.2b4.4b4.9b5.1b5.0b4.8b4.9b5.0b5.3b

Total Liabilities

2.6b2.5b2.4b2.5b2.3b2.3b2.3b2.5b2.5b2.7b3.0b3.2b3.1b2.9b2.9b3.1b3.0b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(19.1m)31.4m(142.1m)130.3m33.7m106.4m

Depreciation and Amortization

182.8m172.5m170.4m186.7m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

42.7m(17.6m)39.7m41.8m(3.3m)36.1m(106.1m)68.8m123.1m113.5m22.7m(16.4m)28.3m50.7m52.2m53.9m275.6m

Depreciation and Amortization

44.7m42.0m40.8m42.4m44.1m43.1m43.5m48.1m47.6m

Accounts Payable

(4.1m)(4.4m)

Cash From Operating Activities

142.9m27.5m84.9m115.5m39.2m79.7m124.7m25.5m64.8m104.8m51.3m103.8m162.6m56.9m81.9m126.3m46.0m
USDY, 2019

Financial Leverage

2.7 x
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Mack-Cali Online and Social Media Presence

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Mack-Cali News and Updates

Bow Street Set to Win Four Board Seats at Mack-Cali Realty

Bow Street Set to Win Four Board Seats at Mack-Cali Realty

Mack-Cali Reiterates and Clarifies Plan to Form a Committee of Independent Directors to Review Strategic Direction

JERSEY CITY, N.J., June 5, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) (the "Company" or "Mack-Cali") today reiterated the Company's previously announced commitment to form a committee of independent directors to review the Company's strategic direction (the "Strategic...

Mack-Cali Realty Corporation to Present at NAREIT's REITWeek 2019

JERSEY CITY, N.J., June 3, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) announced today that it will be participating in REITWeek: NAREIT's Investor Conference being held June 4-6, 2019 at the New York Hilton Midtown, New York, New York. Michael J. DeMarco, Mack-Cali's...

Mack-Cali Realty to review strategic options, including possible sale of company

Real Estate Investment Trust Mack-Cali Realty Corp. said Wednesday it is planning to form a committee of independent directors to review its strategic options, including a possible sale of the company. The committee will be formed following the company's annual shareholder meeting on June 12. The c…

Mack-Cali Sets the Record Straight Following Bow Street's Disingenuous, Misleading Statements Regarding Settlement Discussions

JERSEY CITY, N.J., May 20, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) (the "Company" or "Mack-Cali") today issued a public statement in response to a letter dated May 17, 2019 from Bow Street Special Opportunities Fund XV, LP ("Bow Street") to William L. Mack, Chairman...

Mack-Cali Realty Corporation Reports First Quarter 2019 Results

JERSEY CITY, N.J., May 1, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the first quarter 2019. FIRST QUARTER 2019 HIGHLIGHTS - Reported net income of $2.66 per diluted share for the quarter; - Achieved Core Funds from Operations per diluted...
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Mack-Cali Frequently Asked Questions

  • Who are Mack-Cali key executives?

    Mack-Cali's key executives are Michael DeMarco, Anthony Krug and Bob Cappy.

  • How many employees does Mack-Cali have?

    Mack-Cali has 352 employees.

  • What is Mack-Cali revenue?

    Latest Mack-Cali annual revenue is $530.6 m.

  • What is Mack-Cali revenue per employee?

    Latest Mack-Cali revenue per employee is $1.5 m.

  • Who are Mack-Cali competitors?

    Competitors of Mack-Cali include Acorn, Mckay Securities and Hammerson.

  • Where is Mack-Cali headquarters?

    Mack-Cali headquarters is located at 343 Thornall St, Edison.

  • Where are Mack-Cali offices?

    Mack-Cali has offices in Edison, Williamsburg, Washington, Parsippany-Troy Hills and in 12 other locations.

  • How many offices does Mack-Cali have?

    Mack-Cali has 16 offices.