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Company Overview

Mack-Cali Realty Corporation (NYSE: CLI) is one of the country's largest real estate investment trusts (REITs) and a dominant owner, manager and developer of class A real estate in the Northeast. The Company recently acquired the real estate interests and development and management businesses of Short Hills, NJ-based Roseland Partners.

Mack-Cali, known for its award-winning property management, premier properties, and credit-quality tenant base, marked a fundamental step in a strategic diversification wherein multi-family residential will be a key component of its growth strategy.

An investment grade-rated company, Mack-Cali has been a publicly traded REIT since 1994. The Company adheres to the conservative financial principles of modest leverage, strong debt service coverage ratios, and a high ratio of debt-free assets. Mack-Cali's overall corporate strategy is to expand its presence in the multi-family residential sector in high-barrier-to-entry markets in the Northeast and Mid-Atlantic regions, with emphasis in transit-oriented locations.
  • 4Q
  • 2008

Key Facts

Exchange: NYSE
Ticker symbol: CLI
Senior debt
rating:
BBB- (Fitch)
BBB- (S&P)
Baa2 (Moody's)
Total market capitalization*:
$4.6 billion
Fiscal year-end: 12/31
Transfer agent and registrar:
Computershare Trust Company
* As of 12/31/13
 
Stock Information:
  • Shares outstanding*: 100,112,366
  • *Includes common shares and common units, as of 12/31/13.
  • Details.

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