Cali Realty Corporation Declares Fourth Quarter Cash Dividend

12/19/1996 Category: Dividends

CRANFORD, NJ--December 19, 1996--Cali Realty Corporation (NYSE:CLI), today announced its fourth quarter cash dividend of $0.45 per share (an indicated annual rate of $1.80 per share) for the period October 1, 1996 through December 31, 1996. The dividend will be paid on January 21, 1997 to shareholders of record as of January 6, 1997.

Cali Realty Corporation is a self-administered, self-managed real estate investment trust (REIT) providing leasing, management, acquisition, development, construction and tenant-related services for its portfolio. The Company owns 58 properties, primarily class A office and office/flex buildings, totaling approximately 7.4 million square feet. All of the properties are located in New Jersey, New York and Pennsylvania.