Mack-Cali Realty Corporation Announces First Quarter 2002 Earnings Release Date

04/26/2002 Category: Earnings

--Conference Call To Be Held With Management--

Cranford, New Jersey—April 26, 2002—Mack-Cali Realty Corporation (NYSE: CLI) today announced that it will release its first quarter 2002 earnings results before the opening of the market on Tuesday, May 7, 2002, and will host a conference call with management the same day at 11:00 a.m., Eastern Daylight Time.

The live conference call can be listened to via the Internet by accessing the Company's website at www.mack-cali.com and clicking on the link that is titled First Quarter Earnings. The conference call is also accessible by dialing 719.867.0640 and requesting the Mack-Cali first quarter earnings conference call. It is recommended that participants log on or dial in to the call approximately 10 minutes prior to the scheduled start time.

A replay of the call will be available on Mack-Cali's website at www.mack-cali.com, from 2:00 p.m. EDT on May 7, 2002 through midnight EDT on May 14, 2002. A replay of the call will also be accessible during the same time period by dialing 719.457.0820, and using the pass code, 573039.

Mack-Cali Realty Corporation is a fully-integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack-Cali owns or has interests in 268 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 28.7 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,300 tenants.

Additional information on Mack-Cali Realty Corporation is available on the Company's website at www.mack-cali.com, or by calling the Company's investor relations department at 908.272.8000, extension 2484.

Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, without limitation, the Company's future economic performance, plans and objectives for future operations and projections of revenue and other financial items. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "expect," "anticipate," "estimate," "continue" or comparable terminology. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Among the risks, trends and uncertainties are changes in the general economic conditions, including those affecting industries in which the Company's principal tenants compete; any failure of the general economy to recover timely from the current economic downturn; the extent of any tenant bankruptcies; the Company's ability to lease or re-lease space at current or anticipated rents; changes in the supply of and demand for office, office/flex and industrial/warehouse properties; changes in interest rate levels; changes in operating costs; the Company's ability to obtain adequate insurance, including coverage for terrorist acts; the availability of financing; and other risks associated with the development and acquisition of properties, including risks that the development may not be completed on schedule, that the tenants will not take occupancy or pay rent, or that development or operating costs may be greater than anticipated. For further information on factors which could impact the Company and the statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission including Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and Annual Reports on Form 10-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.