Cali Realty Corporation Declares 1996 First Quarter Cash Dividend

03/20/1996 Category: Dividends

CRANFORD, NJ--March 20, 1996--Cali Realty Corporation (NYSE:CLI), today announced its 1996 first quarter cash dividend of $0.425 per share (an indicated annual rate of $1.70 per share). The dividend will be paid on April 19, 1996 to shareholders of record as of April 3, 1996.

Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing leasing, management, acquisition, development, construction and tenant related services for its properties. Cali Realty owns 40 office and office/flex buildings totaling approximately 3.9 million square feet and a 327 unit residential complex. All of the properties are located in New Jersey except for one, which is located in Rockland County, New York.