Mack-Cali Realty

Veris Residential, Inc. is a real estate investment trust, which owns and operates a real estate portfolio comprised predominantly of Class A office and flex properties located primarily in the Northeast. It operates through the following segments: Commercial and Other Real Estate, and Multi-Family Real Estate and Services. The Commercial and Other Real Estate and Multi-Family Real Estate Portfolio segments provides leasing, property management, acquisition, development, construction, and tenant-related services. The company was founded on May 24, 1994 and is headquartered in Jersey City, NJ.

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Mack-Cali (CLI) delivered FFO and revenue surprises of 28.57% and -16.14%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Mack-Cali Realty (CLI) Q1 FFO Beat Estimates

JERSEY CITY, N.J., May 6, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the first quarter 2021.

Mack-Cali Realty Corporation Reports First Quarter 2021 Results

JERSEY CITY, N.J., April 27, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces that it will release its first quarter 2021 earnings results after the market close on Thursday, May 6, 2021 and will host its first quarter 2021 earnings conference call with management on Friday, May 7, 2021 at 8:00 a.m.

Mack-Cali Realty Corporation Announces First Quarter 2021 Earnings Release Date

JERSEY CITY, N.J., April 20, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces the $255 million sale of its Short Hills, New Jersey office portfolio, a four office building portfolio encompassing 843,300 square feet, to The Birch Group.

Mack-Cali Announces $255 Million Sale of Short Hills Office Portfolio Advancing Suburban Office Sales Momentum

SHORT HILLS, N.J.--(BUSINESS WIRE)--The Birch Group, a privately-held commercial real estate investor, owner and operator, today announced the $255-million acquisition of a prominent four-building portfolio in Short Hills, N.J. The off-market acquisition comes on the heels of the company's recent $77-million portfolio purchase in Morristown, and further cements its focus on acquiring prime value-add office assets across the suburbs of Northern N.J. The 843,300-square-foot portfolio comprises fo

The Birch Group Acquires Four-Building Portfolio in Short Hills for $255M — One of the Largest Commercial Deals in N.J.'s Recent History

Mack-Cali's (CLI) latest sale of the Metropark portfolio for $254 million is in line with its plans to shed the company's suburban office portfolio and focus on Harborside repositioning.

Mack-Cali (CLI) Strides Ahead With Suburban Office Sale Plan

JERSEY CITY, N.J., March 30, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces the sale of its Metropark portfolio, located in Edison and Iselin NJ, for $254 million to Opal Holdings.

Mack-Cali Announces $254 Million Sale of Metropark Office Portfolio, Advancing Successful Suburban Sales Strategy

Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock?

Why Is Mack-Cali (CLI) Up 6.5% Since Last Earnings Report?

Mack-Cali's (CLI) dividend suspension for 2021 allows greater financial flexibility and enables it to preserve capital for other strategic efforts like the Harborside campus repositioning.

Mack-Cali (CLI) Shares Tumble With 2021 Dividend Suspension

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U.S. equity markets finished modestly lower on a choppy week as assurances from the Fed of a "lower-for-longer" policy regime didn't slow the continued march higher in long-term interest rates. Retreating from record closing highs last week, the S&P 500 declined by 1.2% this past week as large-cap technology stabilized while Small-Cap stocks dipped by more than 3%.

REITs Eye Uneven Recovery

JERSEY CITY, N.J., March 19, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI), announced today that it will continue to suspend its common dividend for the remainder of 2021.

Mack-Cali Realty Corporation Suspends Dividend for Remainder of 2021

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Insider buying can be an encouraging signal for potential investors, especially when markets face uncertainty. A pair of chief executives and an executive board chair were among the insiders making purchases this week.

The Past Week's Most Notable Insider Buys: Editas, Exxon Mobil, Wayfare And More

JERSEY CITY, N.J., March 3, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI), a leading owner, manager, and developer of class A office and luxury multifamily real estate throughout New Jersey, today announced that its Board of Directors (the "Board") has named Mahbod Nia...

Mack-Cali Names Mahbod Nia Chief Executive Officer

Mack-Cali Realty Corporation (CLI) CEO MaryAnne Gilmartin on Q4 2020 Results - Earnings Call Transcript

Mack-Cali's (CLI) fourth-quarter results were hindered by the same-store cash revenue and net operating income declines in its office portfolio.

Mack-Cali (CLI) Q4 FFO & Revenues Miss Estimates, NOI Declines

JERSEY CITY, N.J., Feb. 25, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the fourth quarter and full year 2020. FOURTH QUARTER 2020 HIGHLIGHTS - Net income (loss) of $0.67 per diluted share for the fourth quarter 2020, as compared to $(0.64)...

Mack-Cali Realty Corporation Reports Fourth Quarter and Year End 2020 Results

WEST NEW YORK, N.J., Feb. 4, 2021 /PRNewswire/ -- Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corporation (NYSE: CLI), today announces the opening of The Capstone at Port Imperial, a new luxury residential building in Port Imperial offering stunning views of the Hudson...

Roseland Debuts The Capstone at Port Imperial, its Newest Luxury Rental Building on the NJ Gold Coast

Despite Mack-Cali's (CLI) efforts to enhance the residential portfolio and strengthen financial position with sales and refinancing, pandemic-led residential occupancy declines is concerning.

Mack-Cali (CLI) Sells Two Residential Assets, Refinances Another

JERSEY CITY, N.J., Jan. 6, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announces a trio of transactions across its residential portfolio, including the sale of its interests in Riverwatch Commons in New Brunswick, NJ and Crystal House Apartments in Arlington, VA,...

Mack-Cali Announces Sale of Riverwatch Commons and Crystal House Apartments; Refinances The Emery at Overlook Ridge

CLI is a diversified REIT with office/residential segments that is trading ~40-60% NAV. The board of directors was recently refreshed after a proxy fight with Bow Street LLC.

Mack-Cali: A Coattail Idea (With A Harborside View) That Could Double

High leverage and the upcoming debt repayments pose risks. The work-from-home culture is likely to impact CLI's tenants in the finance and accounting industries the most.

Mack-Cali's Leverage And Office Related Risks Remain Worrisome

Mack-Cali's (CLI) latest sale of the office property, 581 Main Street, for $61 million is in line with its plans to shed the company's suburban office portfolio and focus on Harborside repositioning.

Mack-Cali (CLI) Continues Suburban Office Asset Disposition

Why Is Mack-Cali (CLI) Up 26.8% Since Last Earnings Report?

JERSEY CITY, N.J., Dec. 3, 2020 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced the disposition of 581 Main Street, a 203,335-square-foot office building in Woodbridge Township, NJ. The transaction continues Mack-Cali's ongoing strategic sale of its suburban...

Mack-Cali Announces $61 Million Sale of 581 Main Street in Woodbridge Township, NJ

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